|
Message from Rod Clough, President - HVS Americas
September arrived very quickly this year, didn’t it? As we dive into fall, how is your conference and event calendar looking? Ours is busy, and we hope to see you at one or more of the many events we will be speaking at or attending.
Our marquis fall conference, the Caribbean Hotel Investment Conference & Operations Summit (CHICOS), will be hosted on the beautiful island of Curaçao at the Marriott Beach Resort in Willemstad. Join us November 9 through 11!
Our consulting team continues to enjoy helping clients with highly complex real estate consulting needs and out-of-the-box challenges. If you find yourself up against a formidable challenge with your real estate holdings, please reach out to me so that I may connect you with the right person on our Complex Assets team. Let us help you make the best decisions.
Hope to see you soon,
Rod Clough, MAI, CRE, MRICS
President, HVS Americas
| | Canada's hotel industry is very much holding its own! Despite major disruptors on both the economic and geopolitical fronts during the first half of the year, occupancy has remained stable in comparison to 2024, and ADR has increased by roughly $5.00, leading to a RevPAR increase of 2.8%. Domestic demand has greatly contributed to mitigating the current international travel disruptors. Elbows up, Canada! | | |
Galveston’s Lodging Sector Evolves with Cruise Growth, Supply Changes, and Regulatory Shifts
Galveston’s lodging market is being reshaped by capital investments and regulatory changes. Since 2019, more than $400 million has been spent on new cruise terminals, resort redevelopments, and boutique hotel conversions, while cruise passenger counts reached a record 1.7 million in 2024. With new projects underway and new short-term-rental oversights, growth will be affected by shifting supply and demand dynamics.
| | |
Texas Goes All in for Convention Centers
Austin, Dallas, Houston, and Fort Worth are pursuing convention center expansions totaling $7.6 to $7.8 billion, with San Antonio considering an additional $900-million project. These developments are largely enabled by Texas’s innovative financing mechanisms, such as Project Financing Zones. This article examines the scope of these projects and their policy foundations, while analyzing how they shape both Texas’s internal competition and its national positioning in the convention industry.
| | |
Brokerage & Advisory Hotel Listings
Are you looking to acquire or sell hotels? We offer a wide range of asset opportunities and customized financial solutions to meet your specific needs. Notably, we have many price reductions on exclusive hotel investment opportunities and have introduced new deals in Mexico. Despite a slower national transaction market, our team continues to generate strong buyer interest through a competitive, nationwide network. Now is a great time to explore the market and take advantage of these timely offerings. Contact us today to schedule a consultation with our team.
| | |
Event Speakers & Attendees
-
Eric Guerrero, Andrew Frosch, and Matt Almy attending 2025 AAHOA Gulf Hotel Owners Conference and Trade Show
-
Rod Clough, MAI, CRE, MRICS, appearing on It's Personal Stories, A Hospitality Podcast
-
Zabada Abouelhana speaking at AZBEX LMS Panel - Hospitality Developments in Phoenix
-
Suzanne R. Mellen, MAI, CRE, FRICS, ISHC, and Shannon S. Okada, MAI, speaking at the Appraisal Institute Northern California Chapter's 2025 Lake Tahoe Conference
-
Zabada Abouelhana speaking at Hyatt’s Essentials Brands Development Symposium and Franchise Owner Relations Group Engagement Session
-
Rod Clough, MAI, CRE, MRICS, speaking at the 2025 Boutique Hotel Owners Conference
-
Luigi Major, MAI, attending at the Latino Hotel Association 2025 Conference
-
Rod Clough, MAI, CRE, MRICS, and Neil Flavin speaking at The Lodging Conference 2025
- Also attending The Lodging Conference 2025:
-
Consulting & Advisory: Luigi Major, MAI, Kasia Russell, Zabada Abouelhana, and Kirsten Smiley
-
Brokerage & Advisory: Eric Guerrero
-
Asset Management: Marcus Lee
-
Executive Search: Alice Sherman
-
Shannon S. Okada, MAI, attending the Global Gaming Expo (G2E)
-
Eric Guerrero, Matthew Omansky, and James Rebullida attending 2025 AAHOA North Texas Hotel Owners Conference and Trade Show
-
John Lancet, MAI, speaking at the 9th Annual Real Estate Hotel Investment Forum by the Kabani Hotel Group
| |
|
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room and per product type. The 2025 HVS Development Cost Survey reveals key trends in development costs across six hotel categories, highlighting the impact of rising construction expenses and cautious lending on new supply.
| | | | |
| | |
The latest HVS Hotel Broker Survey is here, offering exclusive insights from top hotel brokers across the United States. This twice-yearly report delivers real-world data on cap rates, revenue multipliers, exposure times, and market sentiment—broken down by hotel type. Whether you're buying, selling, or advising, this survey gives you the data-driven edge to make smarter, faster investment decisions.
| | | | |
HVS is the only global consulting firm focused exclusively on the hospitality industry.
We provide comprehensive expertise through every phase of ownership
across a wide range of hospitality assets.
| |
Superior Results through Unrivaled Hospitality Intelligence. Everywhere.
| | Follow us on social media for real-time updates and insights. | | |
Copyrights © 2025; All Rights Reserved by HVS
Privacy Policy
Sent by: HVS Americas
If you would like to change your preferred email format or change your subscribed email address, or you have any comments or suggestions, please contact us at hvs@hvs.com.
| |
| How did you like this email? | | | | | | |
