HVS | Ryan Mark

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Extended-Stay Hotels: One of the Fastest Growing Segments in the U.S.

While several new brands have emerged within the limited- and select-service segments over the past decade, the expansion of extended-stay brands was limited prior to 2021, and many of the U.S. hotels within this segment were dated. However, during the last two years, economy and midscale extended-stay brands have experienced a significant expansion.

May 22, 2023 By Ryan Mark

Hotel Operations , Development & Construction , Economic Trends and Cycles , Hotel Brands , Hotel Franchises , United States , North America

Salt Lake City Development Spurs Additional Investor Interest in This Emerging Hotel Market

Salt Lake City has historically played second fiddle to larger Rocky Mountain cities such as Denver; however, a new convention hotel, a multimillion-dollar airport expansion, and the state's popularity as a leisure destination in both the summer and winter have elevated Salt Lake City's position from a regional to a national player for hotel investment.

December 26, 2022 By Lauren Reynolds , Ryan Mark

Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Salt Lake City , Utah , United States , North America

HVS Market Pulse – Salt Lake City, Utah

Salt Lake City is well positioned for a strong recovery. Several office, hospitality, and residential projects downtown are ongoing and should support a swift recovery and continued growth in a post-pandemic environment. The addition of a convention center headquarters hotel, a potential bid for a future Winter Olympics, a new terminal and expanded airport, a favorable business climate, and proximity to the mountains are factors that are contributing to an overall positive long-term outlook.

September 15, 2021 By Katy Black, MAI , Ryan Mark

Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Salt Lake City , Utah , United States , North America

COVID-19’s Impact on Values

Since mid-summer, we have re-appraised 140 hotels that we valued in the years and months leading up to the onslaught of the COVID-19 pandemic in March 2020. Not every hotel has lost value, but value declines have predominantly fallen in the range of 15% to 30%.

November 5, 2020 By Rod Clough, MAI , Ryan Mark

Hotel Investments & Ownership , Valuations & Market Studies , Economic Trends and Cycles , COVID-19 , North America , United States

In Focus: Denver, CO

Denver’s growth this year reflects what many hotel developers and owners have been witnessing—as a market for jobs, business, and development, Denver continues to outperform.

November 16, 2015 By Ryan Mark

Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Colorado , North America , United States , Denver

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