Global Hospitality Report (June 6, 2016)

Resort Real Estate Market Trends | Western Ski Markets 

For the US Mountain region, and mountainous areas of the Pacific States, ski resort real estate markets are among the most luxurious in the country. The report provides an overview of 10 year trends in sales, pricing and values as of the end of 2015.

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HVS Spring 2016 Broker Survey Reflects Virtually Equal Buy/Sell Sentiment 

In the HVS Spring 2016 Broker Survey, brokers reported a significant hold sentiment, with a roughly equal distribution remaining between a buy-and-sell sentiment. Influencing this sentiment was a cautionary outlook on forward twelve-month projections relative to the trailing-twelve-month performance, which was leading to some spread between buyer and seller expectations. This was further reflected in the U.S. and Canadian hotel brokers surveyed levels of going-in and exit cap rates, rooms revenue multipliers, and marketing times. Cap rate differences reflected roughly one-point intervals across product type categories of limited-service/economy, select-service, full-service, and luxury/upper-upscale. For limited-service hotels, where a multiplier is relevant, opinions were gathered on RRMs, with the report reflecting a relatively wide range of responses, while the median and average fell close to what would be expected for this product type. Similar results across the varying product type categories were gathered for marketing times and broker fees. For insights into liquidation effects, the report studies the differences between a 30-, 60-, and 90-day liquidation. The HVS Spring 2016 Broker Survey presents these and more insights from top hotel brokers.

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HVS to Host Inaugural THINC Africa Conference in Cape Town, This September  

A year after the successful opening of their Cape Town office, HVS is delighted to announce the launch of their conference – THINC Africa 2016. The acronym THINC (Tourism, Hotel Investment & Networking Conference) could not be more apt for a conference focusing on the rapidly expanding African hotel market. With an increase in interest in hotel development throughout the continent, the conference will bring to fore the significant benefits of investing in hotels in Africa. The risks and challenges of investment will be acknowledged whilst discussing ways to mitigate these. Africa can offer some very interesting opportunities and a session exploring hotels as a way of hedging currency risk in a wider portfolio will be one of the many highlights of this year’s conference. The event will be held on 6 and 7 September at the Radisson Blu Waterfront Hotel in Cape Town. REGISTER NOW FOR EARLY BIRD DISCOUNT.

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Mandai to be Transformed into an Integrated Nature and Wildlife Destination 

The Mandai nature precinct will be home to two new wildlife parks - a Bird Park and Rainforest Park, adding to the existing attractions comprising of the Singapore Zoo, River Safari and Night Safari. The Singapore government is also considering the addition of hotels, leisure amenities and F&B establishments in Mandai as part of its strategic plan to develop the area as a nature tourism hub. The hospitality scene in Singapore is set to evolve with the forecasted increase in tourism arrivals and the provision of a wide range of eco-accommodation options, such as permanent tented structures, cottages and family rooms for visitors to have a more holistic wildlife experience. Subject to approvals, the new developments at Mandai will be completed in phases from 2020 onwards.

HVS APAC HOSPITALITY NEWSLETTER.
The Hotel Investment Community will Meet in London in September  

The Hotel Investment Conference Europe (Hot.E) is Europe’s most focused hotel investment conference, with specific sessions on the capital markets and investment opportunities in Europe. Taking place at the Hilton London Bankside on 26-27 September 2016, the event attracts delegates from more than 30 countries. With chairmans, chief executive officers, presidents and owners making up almost 40% of the 2015 attendees, and more than one in three of the companies represented being leading debt, equity and development firms, Hot.E is the place to meet with leaders in the hospitality investment community. HVS Hodges Ward Elliott (HVS HWE) is a platinum sponsor of the conference and several members of our team will be in attendance. Additonally, HVS HWE's Charles Human, managing director; Puneet Kanuga, director; and Chris Martin, senior director, will also be speaking at the event. Visit the Hot.E website (www.EuropeHotelConference.com) for additional information and to register.

HVS EMEA HOSPITALITY NEWSLETTER.

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