Message from Rod Clough, President - HVS Americas

Our newsletter this month has great market intelligence written by our consultants on five key markets: Fort Lauderdale, Jacksonville, Pittsburgh, Cincinnati, and Monterey. Visit the Market Reviews page for insights on other markets nationwide. If you can’t find what you are looking for there, connect with me at rclough@hvs.com. 

This month we also feature a deep dive into the hotel market study vs. the hotel feasibility study. A handful of our leading consultants (Shannon Sampson, Katy Black, Lauren Hock, Zabada Abouelhana, and Lauren Reynolds) offer some key points when considering one of these studies or starting a new hotel project.

A shout out to Sara Olson, our most extraordinary leader of HVS Omaha, on her recent promotion to Senior Vice President. And much appreciation and gratitude go out to Tanya Pierson on her 30th anniversary with the firm and Shannon Okada on his 20th HVS anniversary. You all are a big part of what makes HVS such an extraordinary place to be.

In Partnership,

Rod Clough, MAI

President, HVS Americas

Industry Insights

The Hotel Market Study vs. the Hotel Feasibility Study: What’s the Right Solution for You?

The hotel feasibility study is not the only option for hotel developers at the start of a project. In this article, we outline the range of solutions we provide for hotel developers, as well as some of the factors we consider as consultants on these projects.

Current Market Outlook Reviews

Recent Challenges Faced by the Monterey County Lodging Market

Monterey County features one of California’s most pristine coastlines, and outdoor leisure and event travel drives the local economy. However, Monterey County is still facing some effects of the COVID-19 pandemic given the slow recovery of the San Francisco Bay Area and the market’s high barriers to entry.

Looking Ahead to the 2026 NFL Draft in Pittsburgh and Its Impact on the Hotel Market

With Pittsburgh recently announced as the host city for the 2026 NFL Draft, we take a look at the impact of previous drafts on both the host cities and area hotels.

Jacksonville, FL Supports a Robust Hotel Development Pipeline

Despite Economic Uncertainty

While many U.S. markets have experienced a slowdown in hotel development amid rising construction costs, increasing financing costs, and general uncertainty, the greater Jacksonville market area has continued to support a robust hotel development pipeline. This article details some of the recent and upcoming hotel projects in Jacksonville.

Sports and Conventions Support Hotel Industry in Cincinnati, OH

The Cincinnati lodging market is gearing up for an influx in demand fueled by the renovation of the Duke Energy Convention Center. Moreover, recent success and changes in the city’s diverse sports scene are drawing visitors from near and far.

Revamping Fort Lauderdale: Convention Center Expansion and Omni Hotel Development

Fort Lauderdale, a staple South Florida beach destination, is shifting its focus beyond leisure tourism with a $1.3-billion investment in the Broward County Convention Center and adjoining Omni Hotel. Following this project, Fort Lauderdale will position itself as both a vacation destination and a commercial city.

Hotel Investment Opportunities: Brokerage Listings

Brokerage & Advisory Hotel Listings

Are you looking to acquire or sell hotels? We can help with an array of asset opportunities and financial solutions tailored to meet your specific needs. Despite a slower transaction market, our team continues to create a competitive marketplace for our listings from a nationwide buyer pool. Twenty transactions closed last year, with buyers from across the country. We have several more hotels under contract and over twenty active listing engagements. 

CHICOS 2024: Register Now!

November 13–15 in Barbados

This year's conference will take place in beautiful Barbados at the brand-new Wyndham Grand Barbados Sam Lord's Castle All Inclusive Resort over November 13–15. As the premier event in the region, CHICOS promises to deliver opportunities for networking and knowledge sharing. In partnership with Barbados Tourism Marketing Inc., we look forward to welcoming our attendees for an unforgettable experience in Barbados. Don't miss this opportunity to save on registration and reserve your ticket before prices increase. 

HVS Information Alert!

Speakers

• Brain Arevalo at the Illinois Hotel Lodging Association 2025 Hotel Forecasting Session
• Rod Clough, MAI at the 2024 Boutique Hotel Owners Conference by BLLA
• Luigi Major, MAI at the Latino Hotel Association Conference
• Rod Clough, MAI at The Lodging Conference
• Luigi Major, MAI at The Lodging Conference
• John Lancet at the 8th Annual Real Estate Hotel Investment Forum
• Kristina D'Amico at the Caribbean Hotel Investment Conference & Operations Summit 2024 (CHICOS)
• John Lancet at the Caribbean Hotel Investment Conference & Operations Summit 2024 (CHICOS)
• Parris Jordan at the Caribbean Hotel Investment Conference & Operations Summit 2024 (CHICOS)
• Marcus Lee at INSPIRE Luxury Hospitality Conference

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