HVS Celebrates 30 years in Florida!

Thirty years ago, HVS established its Consulting & Valuation practice in Miami's Coconut Grove neighborhood in 1992. As we proudly celebrate 30 years of doing business in Florida, we’re pleased to highlight our established presence in Orlando and Tampa. 

We are grateful to our clients for your ongoing confidence in us over the years. We’ve got solid roots in Florida and will continue to support your hotel investment and due diligence needs.

We continue to look forward to a brighter year for the hospitality industry.

In Partnership,

Rod Clough

President, HVS Americas

New Industry Insights

HVS U.S. Development Cost Survey 2021/2022

The HVS U.S. Development Cost Survey research report is a benchmark for development cost across different hotel classes, with research and a compilation of development costs from actual hotel construction budgets, including an illustrated total development cost per room/per product type.

First to the Finish Line: How to Attract Top Talent to

Your Hospitality Organization

As the pandemic eases, the hospitality industry faces multiple challenges in recruiting talented employees. This situation is likely to result in some exciting hiring trends in 2022, including a stronger focus on technology use and the overall employee experience. Organizations will have to deploy innovative solutions to attract the human capital they need in this competitive environment.

Current Market Outlook Reviews

Canadian Lodging Outlook Quarterly 2021-Q4

In 2021 limited/select service hotels which represent almost half of the hotels in Canada are leading the recovery over 2019 with hotel demand down by 20% and average rate down by 8% resulting in a RevPAR decrease of 28%. We will be much closer to recovery when the removal of COVID restrictions allow our full-service hotels to follow in the limited/select service footsteps.

Recovery Outlook for the St. Louis Lodging Market

In 2020, Greater St. Louis-area hotels suffered unprecedented declines in demand because of the COVID-19 pandemic, similar to most cities in the United States. Since then, many travelers have returned, and the greater St. Louis hotel market has rebounded. What has the recovery looked like thus far? What must happen in the next 18 months for the market to reach pre-pandemic performance? What factors will shape the “new normal” for the market?

COVID-19’s Impact on the Silicon Valley Lodging Market

Since the onset of the COVID-19 pandemic, the San Francisco Bay Area has been one of the most severely affected markets in the nation. Silicon Valley, despite its status as the technology capital of the world, experienced significant declines in lodging performance because of its historical reliance on higher-rated business travel. This article discusses the changing business dynamics in Silicon Valley and the impact of the pandemic on the local hotel market.



Northeastern Destination Resorts Amid the COVID-19 Pandemic

Prior to the pandemic, it was assumed that discretionary income amid a pandemic would not be spent on visiting a resort. In this article, we share the most recent occupancy and average daily rate (ADR) trends for destination resorts in the Northeast. The data reflect a sample of destination resorts located throughout New York, Pennsylvania, Maryland, and Virginia.

HVS Press Releases

HVS Brokerage & Advisory Closes Sale of

Old Santa Fe Inn

Using a confidential, targeted marketing process that tapped into HVS’s extensive nationwide relationships, strong interest was generated. The buyers were Cienda Partners and Bentley Legacy Holdings, which also own the La Fonda on the Plaza nearby. The HVS deal team included both the Houston and Albuquerque offices. This was a rare opportunity to acquire a value-add asset near the Historic Santa Fe Plaza. New ownership plans on expanding the key count to 63 guestrooms.

HVS Information Alert!

Speakers

• Dinaker Mallya at Hotels: The First State's Hotel Boom
• Kirsten Smiley and Suzanne Mellen at the California Lodging Investment Conference (CLIC). 
• Rod Clough at the 2022 Hunter Hotel investment Conference.
• Rod Clough at the Boulder Hotel Motel Association.
• Rod Clough at the Boutique Hotel Investment Conference.

In The News

• Key factors expected to affect US transactions - HOTELSMag.com 

Events

• Mexico Hotel and Tourism Investment Conference 2022 on April 5, 2022, in Mexico City.

Did You Know?

HVS is the only global consulting firm focused exclusively on the hospitality industry. We provide comprehensive expertise through every phase of ownership across a wide range of hospitality assets.

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

HVS.com

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