Message from Rod Clough, President - HVS Americas

It’s not too late to register for our quickly approaching CHICOS conference, to be held November 13–15, 2024, at the Wyndham Grand Barbados. Register here.

Our MexHIC conference in Mexico City will follow in February 2025; register for this event here.

I recently completed the fall installment of our HVS Broker Survey, which reflects the latest opinions on going-in and exit cap rates, discount rates, RRMs, market sentiments, and more. It provides an insightful look at where we currently are in the market and includes comparisons to the Spring 2024 survey’s results. Pick up your copy here.  

If you are facing a challenge or need assistance with your hospitality sector endeavor, let me connect you with the best HVS leader to help you. We have exceptional consultants to assist you in all aspects, from design, development, and feasibility, to management, asset management, and operational improvements, to valuation and disposition. Our complex asset consulting and litigation teams are also top notch. Please reach out to me if we can assist.

In Partnership,

Rod Clough, MAI

President, HVS Americas

CHICOS 2024 Countdown: We are seven days away!

Join Us November 13–15 in Barbados

Meet with the movers and shakers of the Caribbean hospitality industry in just two weeks at the Wyndham Grand Barbados Sam Lord’s Castle All Inclusive Resort. Barbados will host the 2024 Caribbean Hotel Investment Caribbean Hotel Investment Conference & Operations Summit (CHICOS). Hosting the event will provide significant benefits for the hotel sector and the economy in Barbados. Further details can be found on the conference website, including the full program of events and agenda. There is still time to register!

U.S. In-Depth Hospitality Research

HVS U.S. Hotel Broker Survey, Fall 2024 Edition

The HVS Hotel Broker Survey is published twice annually and provides an important look at cap rate trends, multipliers, and other key investment metrics for the US hotel industry. HVS reaches out to active hotel brokers in the U.S. to participate in the survey, and their insights provide you with the pulse of the market as it relates to discount rates by hotel product type; going-in cap rates by hotel product type; exit cap rates by hotel product type; current rooms revenue multipliers; hotel exposure time and marketing time by hotel product type; selling expenses by hotel product type; effects of liquidation; insights into specific markets, as provided; and market sentiment: cooling, steady, hot.

Industry Insights

Ensuring Your Deal Closes: Three Areas to Focus On

Both buyers and sellers want a seamless hotel transaction closing, but a variety of potential pitfalls can slow a closing. In this article, we review three key areas of a hotel sale that may present obstacles: financing, PIP costs, and property insurance premiums. We also provide recommendations to anticipate and prevent issues. Be sure to read this article if you are close to closing and want to ensure your transaction closes smoothly!

HVS Takeaways – The Lodging Conference

The event was marked by cautious optimism as industry professionals assessed the current state of the U.S. hotel market. With the Federal Reserve lowering interest rates, many believe that the worst effects of rate hikes and inflation are behind us, offering hope for a rebound in hotel transactions after the significant slowdown over the last 18 months. The upcoming election and intensifying geopolitical concerns continue to somewhat balance the rising optimism.

HVS Product Innovation

Maximizing Hotel Success with TrendTrack CompSet

Investors rely on forecasts to make informed decisions about their investment—decisions that can have far-reaching implications beyond the operation of a hotel. The better information an investor has access to, the more compelling a case can be for or against a financing decision. Improved forecasting can also lead to better loan structures that are ultimately best aligned with the property’s earning potential. Additionally, more precise forecasts can help with determining an asset’s net operating income, cash flow, and ultimately its value.

TrendTrack CompSet leverages historical data and market trends and uses predictive modeling to develop an 18-month occupancy and ADR forecast for a competitive set of hotels. Our in-house team of local experts then analyzes those results, providing qualitative insight into our projections. Our tool embraces the power of data analytics while leveraging human insights, which are crucial to the complex process of hotel budgeting.

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. 

MexHIC 2025: Registration Prices Increase December 1

HVS MexHIC, the leading hotel investment conference in Latin America, is pleased to announce its 14th annual event, to be held at the Live Aqua Ciudad de México, Bosques de las Lomas, on February 6, 2025. The conference will bring together hotel owners, investors, developers, operators, and consultants from across the region and beyond. You will have the opportunity to network with industry leaders, learn from experts, and discover new opportunities in the Latin American hotel market. We look forward to seeing you at HVS MexHIC 2025!

HVS Information Alert!

Press Releases

• Barbados to Showcase Investment Opportunities at CHICOS 2024

Speakers

• 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

Did You Know?

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