HVS Continues to Expand Its Presence in Latin America 

HVS CEO Stephen Rushmore Jr. and HVS Americas President Rod Clough are pleased to announce that the firm’s Mexico City practice has assumed responsibility for expanding the HVS presence across Latin America under the leadership of Richard Katzman.

HVS Releases the 2019 Hotel Valuation Index (HVI) 
By Daniel McCoy, MAI

The HVI offers critical information on 38 U.S. hotel markets and the nation, including historical and projected valuation changes and intelligence on market dynamics for primary, secondary, and tertiary hotel markets. Although the HVI cannot tell you what a particular hotel is worth, it does provide excellent “big picture” data, indicating which market areas are experiencing positive trends, and thus may present good investment opportunities. The HVI for the U.S. is a measure of the strength of the lodging industry as a whole and, specifically, the hospitality investment market.

How to Add Value to Your Hotel Asset 
By Carrie Russell

Although it may seem that a hotel’s value is fixed and determined solely by external forces, in actuality there are hundreds of opportunities to make adjustments that result in value enhancements.

Navigate the Pitfalls Motel Valuations – Part 1 
By Rod Clough, MAI

In Part 1 of this series, I discuss the importance of deriving a proper revenue estimate for valuations of independent, budget motels and testing its reasonableness against the norms for the neighborhood and market.

AAHOA 2019 State of the Hotel Industry 
By Kasia Russell, MAI and Tejal Patel

Celebrating its 30th anniversary, the Asian American Hotel Owners Association (AAHOA) convention welcomed nearly 9,000 attendees in its most widely attended event in history. Reportedly, one out of every two hotels in the United States is owned by members of this important association.

Canadian Lodging Outlook Quarterly 2019-Q1 

Absorption of new inventory of rooms across the country is putting downward pressure on national occupancy; average rate continues to grow, albeit at a slower pace.

HVS Industry Statistics Update – Q2 2019 
By Jerod Byrd, MAI

The Quarterly HVS Industry Statistics Update shows key economic metrics that relate to the hotel industry’s recent performance and near-term forecast. The U.S. hotel market achieved 1.5% RevPAR growth for the first quarter of 2019, with economy hotels averaging the highest peak occupancy growth among the six asset classes, while upper-upscale hotels achieved the highest average daily rate (ADR). National RevPAR growth would have only registered 1.1% if San Francisco were to have been excluded from the mix; San Francisco achieved RevPAR growth of 15.9% during the first quarter of 2019, primarily attributed to strong ADR levels.

HVS Market Pulse: Spokane, Washington An Emerging Meeting-and-Group Destination 
By Breanna Smith, MAI and Eileen Bosworth

Spokane is becoming a national meeting-and-group destination following the convention center’s expansion and the opening of a new headquarters hotel in 2015. A greater variety of groups and events are attracted to Spokane, with 2019 tracking to be a record year for the city.

HVS Market Pulse: State of Hawaii 
By John Berean

Hotels in the state of Hawaii reached record RevPAR levels in 2018, supported by continued growth in visitation.

HVS Market Pulse: Houston, Texas 
By J. Carter Allen

The Houston lodging market has experienced significant fluctuations in recent years, driven by increases in supply, an energy recession, a Super Bowl, two MLB post-season runs, and one of the costliest natural disasters of all time. In this article, we look at where we go from here.

HVS Market Pulse: Downtown Omaha, NE 
By Sara Olson, MAI

The landscape of Downtown Omaha continues to evolve as new construction projects within the commercial, hotel, residential, and public sectors move forward.

HVS Market Pulse: Fresno, CA 
By Kirsten Smiley, MAI

From Sacramento to Bakersfield, Central California is known as the “Food Basket of the World.” As the most populated city in the in the Central Valley, Fresno is the epicenter of California’s agriculture industry and the commercial, financial, and cultural hub of the region.

HVS Market Pulse: Asheville, North Carolina 
By Janet Snyder, MAI

Asheville is recognized as a premier tourist destination in the Southeast U.S., and its growing and changing lodging landscape continues to reflect this Blue Ridge city’s popularity.

Investment Opportunity - Downtown Phoenix Hotel Development Site 
By Eric Guerrero and Drew Noecker

HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the fee-simple interest in a 0.32-acre site within the booming Downtown Phoenix submarket. This opportunity presents the possibility to build a vertically structured, 30-story, 375-key, upscale, select-service, dual-brand hotel. Downtown Phoenix continues to undergo economic expansion after an extended post-recession recovery. More than nine million square feet of private office space exists in the Downtown core, with another 1.3 million square feet under construction; demand for office space continues to grow with the recent expansion of the light-rail system. The subject site proximate to a diverse mix of corporate and leisure demand generators including: ASU Downtown, Phoenix Convention Center, Chase Tower, CityScape, Talking Stick Resort Arena, Chase Field, and Banner University Medical Center.

Learn to Use Hotel Valuation Software from Steve Rushmore and the Glion Hotel School 
By Steve Rushmore

HVS is Speaking Near You 

• May 16, 2019: Thomas A. Hazinski at Convention, Sports & Entertainment Facilities Conference in San Diego, CA
• May 22, 2019: Tanya J.Pierson at Minnesota Assessor’s Annual (MAAO) Summer Seminars in St. Cloud, MN
• June 2-4, 2019: Stephen Rushmore Jr., Stacey Nadolny, Suzanne Mellen, Anne R. Lloyd-Jones, and Dorothy Jennings at the 41st Annual NYU International Hospitality Industry Investment Conference in New York, NY
• June 3, 2019: Kasia Russell at Seattle Appraisal Institute Chapter Hotel Forum in Seattle, WA
• June 11, 2019: Kathleen Donahue at the Hotel Association of Tarrant County in Fort Worth, TX
• June 17, 2019: Kasia Russell at Seattle's Annual Hotel Symposium 2019 in Seattle. WA

HVS in the News 

• Trump Organization blames gun violence for revenue decline at Chicago hotel. So, have other Chicago hotels experienced the same phenomenon?
• Construction Boom Doesn't Hurt Downtown Chicago's Hotel Market
• Site picked for proposed performing arts venue in downtown Fargo, but other details still unknown
• Wisconsin Center District hires investment banker for expanding convention center
• Montgomery County mayor proposes plan for new multi-purpose event center in Clarksville
• Modesto officials intrigued with downtown hotel plan, but lots of questions remain
• Sold: Comfort Suites Near Texas Medical Center/NRG Stadium in Houston