Message from Rod Clough, MAI, President, HVS Americas: Join us in celebrating our 40th anniversary! 

All of us here at HVS want to wish you Happy Holidays and express how much we appreciate having you as our client. This past year hasn’t been the easiest for our industry, but we’re confident brighter times lie ahead in the coming year!

We are grateful to have the opportunity to support you and to continue to be your business partner. 

Wishing you and your loved ones a very Happy Holiday and a prosperous New Year! 

In Partnership,

Rod Clough, MAI
President, HVS Americas

2021 - A "View from the Top": Hospitality Insights & Strategies 
By Rod Clough, MAI

HVS and The Lodging Conference are hosting a webinar with some of the nation’s top hospitality leaders on January 14, 2021 at 12:00 p,m EST.  Geoff Ballotti, Rod Clough, Dave Johnson, Justin Knight, Heather McCrory, Biran Patel, and Chip Rogers will share their essential insights on what you can expect in 2021, so you can start the year with the optimal strategies for your business.  You won’t want to miss this important discussion.  Sign up now here.

2020 Canadian Hotel Lending Survey – COVID-19 Edition 
By Shu Lin (Sharon) Liu and Carrie Russell

Each year, HVS reviews and analyzes the Canadian hotel lending environment following a comprehensive survey. With the unprecedented change that 2020 has brought, this year’s survey looks to gain clarity on the current lending environment and the overall health of the hotel finance sector across the nation.

Outlook for the Latin American Hotel Industry 
By Richard Katzman, Maxim Gomez and Patricia Badiuk

The COVID-19 pandemic and resulting restrictions on domestic and international travel, economic activity, and individual movement are having an unprecedented impact on the lodging and tourism industry in Latin America. While government authorities across the region work to manage restrictions and phased reopening plans, uncertainty prevails over the duration of the global pandemic.

COVID-19’s Impact on the Seattle Lodging Market 

Seattle effectively closed for business in early March 2020 because of the COVID-19 pandemic. Attempts to reignite the local economy have faced multiple setbacks, compounded by 40+ national convention cancellations, the shuttering of the 2020 cruise season, and the substantial decline in inbound domestic and international travel. The effects of COVID-19 on the Pacific Northwest have been nothing short of catastrophic to the hospitality industry.

HVS Market Pulse: Wyoming & Montana 
By Katy Black, MAI and Lauren Reynolds

Visitor statistics for Yellowstone, Glacier, and Grand Teton National Parks, as well as the related airport data in Wyoming and Montana, reveal surprising lodging trends in light of COVID-19. The scene in the late summer and early fall was far from desolate in the three major national parks in Wyoming and Montana; in fact, Yellowstone, Glacier, and Grand Teton National Parks experienced an increasing number of visitors through the end of the summer, with record visitation for all three parks in October.

Nick Baer Joins HVS as Senior Vice President, Debt Placement & Capital Solutions 

HVS is pleased to announce that Nick Baer has joined HVS as Senior Vice President, Debt Placement & Capital Solutions. In his role, Nick will provide debt & equity solutions for HVS hospitality real estate investment clients.

INVESTMENT OPPORTUNITY - Hampton Inn & Suites Houston-Westchase 

HVS, is pleased to present the opportunity to acquire the 82-key Hampton Inn & Suites Houston-Westchase, a limited-service asset located in the historically strong Houston Westchase submarket. The owner-operated Hotel is currently underperforming the market; the Property is being sold unencumbered by management. A new investor will have the opportunity to “turnaround” operations by improving yield-management strategies, revitalizing sales and marketing initiatives, completing the PIP, and recapturing its competitive advantage. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

INVESTMENT OPPORTUNITY - Best Western Plus Lake Jackson Inn & Suites 

HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the 64-key Best Western Plus Lake Jackson Inn & Suites, a limited-service asset located in Lake Jackson, Texas. Based on current pricing guidance, the Property is priced below replacement cost at $89,000 per key. To construct a similar limited-service asset with comparable amenities, the estimated all-in investment would be a minimum of $100,000 to $110,000 per key. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

INVESTMENT OPPORTUNITY - Holiday Inn Express & Suites Brookshire Katy Freeway 

HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to athe underperforming, 75-key Holiday Inn Express & Suites Brookshire – Katy Freeway, a recently constructed, limited-service asset located in the historically strong Katy Freeway submarket. The Hotel is currently absentee owned and operated by a third-party management company but is being sold unencumbered by management. A new investor will have the opportunity to realize the significant upside of acquiring a recently constructed, absentee owned, underperforming asset at significantly below replacement cost. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

HVS in the News 

• HVS: Value of U.S. Hotels Eroded by Covid-19 Pandemic
• P&L, Forecasts Indicate Hotels not yet on Steady Ground