HVS Americas Research Source | July 2021 (July 22, 2021)

Message from Rod Clough, MAI, President, HVS Americas 

We are excited to be sponsors at ALIS's 20th-anniversary edition. The HVS team begins with Suzanne Mellen moderating the General Session "Evolving Hotel Management Challenges" at ALIS Law. She will also moderate the panel "Boardroom Outlook: Operations Panel - Enhanced efficiencies that maximize guests’ comfort levels and loyalty will be the name of the game" at ALIS

Our Brokerage & Advisory Team will be holding meetings at the Lobby on July 26 and 27 from 8:00 am to 5:00 pm; if you are interested in meeting with us, reach out to Eric Guerrero. The team is ready to help you navigate the waters of Acquisitions, Dispositions, Acquisition and Construction Financing, Refinancing, Exit Strategies, and Broker Opinions of Value. Emil Iskandar will be moderating the panel Money Morning: New Money.

Thank you for your ongoing confidence in us. We are looking forward to seeing you and enjoying a brighter year ahead for the hospitality industry.

In Partnership, Rod Clough, MAI
President, HVS Americas

The Timeshare Industry's Road to Recovery 
By Gary Johnson

The impact of the COVID-19 pandemic on the timeshare industry was significant. However, a survey conducted by HVS Shared Ownership Services, as well as other sources for the industry, indicate a generally optimistic outlook for a recovery and rebound.

America's Great Restaurant Rebound 
By Rod Clough, MAI

Like elsewhere, the United States’ restaurant sector has had a tough time responding to the seemingly endless challenges posed by COVID-19. However, interesting trends are emerging.

Impact of Gallagher Amendment Repeal on Property Taxes for Colorado Hotels/Motels 
By Bethany Cronk

Colorado’s 2020 repeal of the Gallagher Amendment could reduce property taxes for hotels and motels. The regulation had limited the total taxable value of residential property, resulting in increasingly higher nonresidential property taxes for the last 40 years.

Tucson Lodging Market – Recent Trends and Outlook 
By Brittany Hart and Michael Smithson

The Tucson lodging market was reaching new heights before the negative effects of the COVID-19 pandemic set in. What trends did the market experience during the COVID-19 pandemic? What factors are contributing to the recovery?

COVID-19’s Impact on the Greater Kansas City Lodging Market 

Since early March 2020, Greater Kansas City hotels have suffered unprecedented declines in demand, similar to most cities in the United States, because of the COVID-19 pandemic. How much of an impact has the market experienced, and how quickly can this market recover?

HVS Expands Capital Markets Team, adding Daniel MacDonnell as Managing Director in Los Angeles 

HVS welcomes Daniel MacDonnell as Managing Director, Capital Markets. In this role, he will focus on providing a full suite of debt/equity financing and investment sale advisory solutions for HVS hospitality real estate investment clients nationally and in key international markets.

INVESTMENT OPPORTUNITY - La Quinta Inn & Suites by Wyndham Houston Cypress 

This offering represents an ideal opportunity to acquire a recently built asset located in the growing suburban Cypress submarket of the Houston MSA at a price well below replacement cost. The property was built as a La Quinta by Wyndham Del Sol prototype and opened in 2016. Current ownership has maintained the asset well; it is in overall excellent physical condition. A minimal PIP is expected during the change-of-ownership transfer. Property tours will be held on July 29th and 30th and on August 3rd and 4th by APPOINTMENT ONLY. Please contact James Rebullida to schedule at [email protected] or +1 (713) 955-5580. Please do not contact the hotel directly or visit the property without scheduling a site tour with the brokerage team.

INVESTMENT OPPORTUNITY - Quality Inn & Suites Houston NRG Park – Texas Medical Center 

The property is situated on 2.95 acres (128,502 square feet) of land, presenting a rare opportunity for a developer with flexibility to reposition or redevelop the site into a different asset type. The property has a strong location along the frontage road of the Interstate 610 Loop and Kirby Drive interchange, which is in the vicinity of the Texas Medical Center and NRG Park. Property tours will be held on July 22 and 23 by APPOINTMENT ONLY. Please contact James Rebullida at +1 (713) 955-5580 to schedule.

INVESTMENT OPPORTUNITY - Homewood Suites by Hilton Houston West-Energy Corridor 

This offering presents an excellent opportunity for a private investor to enter the Hilton brand family with a highly sought after extended-stay product at a price well below replacement cost.
At the peak of the COVID-19 pandemic in 2020, extended-stay hotels performed significantly better than other asset types. This hotel provides a new investor with the security of owning a recession resistant product. The all-suite design promotes guest independence, which yields to lower housekeeping costs and potentially higher profits. Please visit our listings or contact Eric GuerreroJames Rebullida, or Fadi Rawashdeh for more information.

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