HVS Americas Research Source | September 2019 (September 19, 2019)

U.S. Hotel Development Cost Survey 2018/19 
By Luigi Major

Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.

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How Many Rooms Is Too Many?: Per-capita Demand and the Hotel Cycle 
By Adam Lair

It pays to be mindful of how a decline could affect individual markets and where unaccommodated demand might pop up in the ensuing recovery.

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Taking the Pulse of the Nation’s Largest Hotel Markets 
By Rodney Clough

HVS C&V leaders offer the pulse of their markets heading into the fall season. Out of 23 markets discussed, ten are rated as hot, nine are rated as mild, and the remaining four are rated as cooling.

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2019 in the Caribbean Region: 'Cause Every Little Thing Gonna Be Alright  
By Kristina D'Amico

Along the lines of the Bob Marley song, the Caribbean is “alright” despite lingering issues such as post-Hurricane rebuilding, new supply, and Sargassum. Resiliency continues as hoteliers have focused on crisis management and innovative product types to drive tourism and investment in the region.

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The Growth of Micro Hotels in North America 
By Sirinthorn Ramchandani

This article provides insight into the unique design of micro hotels, where demand is growing, and why these properties are a favourable investment to meet the growing demand of millennial travellers.

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HVS Market Pulse: Columbia, South Carolina 
By McKenna Luke

Columbia’s hospitality industry and overall economy are expected to continue to be spurred by a recent tax incentive, strength of area businesses, and growing tourism.

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HVS Completes Acquisition of Residence Inn Downtown, Montreal, on Behalf of Private Client 

On behalf of a private Middle Eastern client, HVS Vancouver, with support of HVS Asset Management, has completed the acquisition of the Residence Inn Downtown, Montreal, Quebec, Canada.

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HVS Brokerage & Advisory Closes Sale of the Candlewood Suites Port Arthur/Nederland 

HVS Brokerage & Advisory announced that it has closed on the sale of the 65-key Candlewood Suites Port Arthur/Nederland located at 2125 US-69, Nederland, TX, for an undisclosed amount.

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CHICOS Shares Support for the People of the Bahamas; Rotary Foundation of the Caribbean to Help with Relief & Recovery  

The Rotary Foundation, which has a history of operating in the region with nations impacted by hurricanes, is working to provide impacted countries with necessities such as water, canned food, and clothing.

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HVS Brokerage & Advisory Closes Sale of the Homewood Suites Houston West-Energy Corridor 

"The HVS team demonstrated an extensive knowledge of the market, property, and pricing. They executed a thorough marketing process and found a local buyer that closed the transaction in less than 60 days," commented Sanjay Desai, Park 10 Lodging Group.

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HVS Brokerage & Advisory Announces the Sale of the Hampton Inn Houston NASA-Johnson Space Center 

HVS Brokerage & Advisory announced today that it has closed on the sale of the 70-key Hampton Inn Houston NASA-Johnson Space Center located at 3000 NASA Road One in Seabrook, Texas, for an undisclosed amount.

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REDUCED PRICING - Investment Opportunity - Hampton Inn & Suites Katy, TX 

HVS, as the sole and exclusive advisory firm, is pleased to present the opportunity to acquire ahe 69-key Hampton Inn & Suites by Hilton. The seller is highly motivated and would like to transact quickly, all offers are encouraged. Including the PIP, this opportunity presents an investor the ability to acquire the Property at a price well below replacement cost. Contact Drew Noecker or Eric Guerrero for more information.

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Investment Opportunity - Quality Inn & Suites by the Parks Near Walt Disney World 
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 113 room, limited-service asset located in the historically strong market of Kissimmee, FL. The Property is favorably located along U.S. Highway 192, a short drive from the area’s top demand generators, including Walt Disney World Resort, Margaritaville, and the ESPN Wild World of Sports. This opportunity presents an investor the ability to acquire the Property at a price well below replacement cost. 

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

Steve Rushmore- Founder of HVS, has launched an on-line training course: Hotel Market Analysis and Valuation Using Hotel Valuation Software. This software developed by Steve and HVS is designed to perform hotel market studies, forecasts of income and expense, and hotel valuations. Steve has partnered with the famous Glion Hotel School in Switzerland to produce the course which will quickly bring you up the learning curve to fully understand how the three software models work. Using a combination of videos, readings and interactive exercises with the actual software, you will be able to complete the course in your free time. The professors at Glion, along with the other students taking this course, will be available to answer your questions and help you finish the program. Upon completion, you can keep the software and you will receive a certificate from the Glion Hotel School which can be an important enhancement to your resume. If you enroll now, as a special gift from Steve - you will receive a 10% discount on this course by entering the Discount Code: HVSTEV10 during the enrollment process.

Click Here to watch a video describing the course.

If you have any questions about my course- contact me- Steve Rushmore- [email protected]

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