This is the first in a series of market snapshots that HVS will be producing every month for a series of key markets. The first to be selected is the Paris upscale and luxury market, which is based on a customised sample provided by STR Global.
A sluggish national economy hasn’t held back growth in Center City Philadelphia, where expansions of business, tourism, and the convention center bring on a need for new hotels.
As both the capital of Texas and the “Live Music Capital of the World,” Austin has businesses and hotels singing a lively tune despite the current economic dirge.
New developments are making the “Walled City” more welcoming than ever, while limited supply allows occupancies to remain strong and average rates to increase tremendously.
This article reviews the main terms of a typical European hotel management contract. Note that the terms and definitions provided below are broad indications and that any of these terms can vary depending on various factors.
HVS International's London office has published a review of the European hotel transactions during 2004. This article provides an overview of hotel transactional activity during 2004 for Spain, France, Italy and the Portugal.
HVS International's London office has published a review of the European single asset transactions during 2003. This article provides an overview of transactional activity during 2003 for Spain, France and Italian hotel markets.