Message from Rod Clough, President - HVS Americas

I hope you are enjoying the summer. We are proud sponsors of The Lodging Conference. Our team of experts from Brokerage & Advisory, Capital Markets, Consulting & Valuation, and Asset Management & Advisory are excited to see you. Meet with us at the JW Marriott Phoenix Desert Ridge by emailing Lizzette Casarin to request a meeting.

As we at HVS consult on thousands of existing and proposed hotels and resorts across the country each year, we get to know markets very well over time. My husband and I have spent much time in the Coachella Valley over the years for both business and pleasure, including hosting our wedding there in 2014, and we’ve found some great spots. Friends and family visiting Palm Springs often turn to us for recommendations, and over time, I have perfected my go-to list that I’m sharing with you here. If you have a trip to Palm Springs planned soon, I invite you to print and start checking off the boxes!

Follow me on LinkedIn to see our latest updates. Thank you again for your ongoing confidence in us.

In Partnership,

Rod Clough

President, HVS Americas

Industry Insights

Quieting the Noise in Economic Impact Estimates

An assessment of the accuracy of traditional approaches to valuing the economic contribution of convention, sports, and entertainment venues reveals significant limitations of economic impact models that tend to produce noisy and sometimes biased estimates. Venue owners and destination market organizations need improved methodologies to estimate the return on public sector investment in capital improvements, marketing and sales, and venue operations.

Convention, Sports & Entertainment Facilities Announcement Submission Due Date: August 3, 2022

Cincinnati, OH Headquarters Hotel RFI Opportunity

The Cincinnati Center City Development Corporation (3CDC), operating in its role of Development Manager on behalf of the City of Cincinnati and Hamilton County, invites developers to submit their qualifications and a statement of interest in the ownership, development, financing, design, construction, equipping, and operation of a Convention Center Headquarters Hotel in Cincinnati, Ohio. Interested developers can find additional information and background, including the official Request for Qualifications and Interest document below.

In-Depth Hospitality Research

HVS Hotel Broker Survey - Spring 2022 Edition

The HVS Hotel Broker Survey is published twice annually and provides an important look at cap rate trends, multipliers, market sentiment, and other key investment metrics by hotel product type for the U.S. hotel industry. HVS reaches out to active hotel brokers in the US to participate in the survey, and their insights provide you with the pulse of the investment market.

HVS Press Releases

HVS Brokerage & Advisory Closes Sale of Best Western Plus I-45 North Inn & Suites in Houston, Texas

Prashant Patel of Bridgewater Hospitality LLC commented, “I appreciate the thought and creativeness that Eric and his team used to get my hotel sold. They were quick to go to the market through a confidential process and targeted the right buyers. I have several family and friends that used them on other projects, and they always bring strong deal execution to the table. I look forward to working with them again.”

HVS appoints Alexander Bock as Director for Germany

Looking to expand in one of Europe’s strongest hotel markets, HVS has appointed Alexander Bock as director for Germany. Based in the Frankfurt area, he will be responsible for the German-speaking markets and expanding HVS’s footprint therein. A German national, Alex has been in the hospitality industry for more than 20 years.

HVS Information Alert!

Speakers

• Kasia Russell at The Lodging Conference
• Rod Clough at the Latino Hotel Association Conference 
• Eric Guerrero at the Latino Hotel Association Conference 

News

• HVS takes on advisory role to help progress Abraham Accords tourism initiatives 
• Lollapalooza ushers in best weekend of the year for downtown hotels, but business travel remains sidelined - 

Events

• The Caribbean Hotel Investment Conference & Operations Summit (CHICOS) on November 9-11, 2022 in the The Hilton La Romana, Dominican Republic. $1495 USD Standard Registration (Increases October 10, 2022)

Did You Know?

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.

HVS.com

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