U.S. Hotel Development Cost Survey 2020
U.S. Hotel Development Cost Survey 2020 — By Luigi Major

HVS · 15 Oct

In 2019, the national lodging market reached new heights, with hotels reporting the highest occupancy and ADR levels ever recorded. Similarly, hotel development continued at a steady pace, with new hotels opening to a burgeoning market and new and exciting projects continuously being moved through the development pipeline. Since the start of the COVID-19 pandemic, government restrictions, travel and group cancellations, and an overall fear of traveling have caused an unprecedented drop in travel and tourism demand in the country and around the world, which has resulted in substantially lower occupancies and average rates.

HVS Musings: Mixed-Use Development - The Most Sustainable Model For Hotels Going Forward
HVS Musings: Mixed-Use Development - The Most Sustainable Model For Hotels Going Forward — By Mandeep S Lamba, Dipti Mohan, Akash Datta

HVS · 14 Oct

Mixed-use development, usually a planned combination of hotels, retail, office or residential space, is a fairly widespread concept globally with several such iconic projects around the world. In the last decade or so, the concept has been gaining ground in India as well, though the combination (two or more elements) of retail, office, and residential spaces have been more popular. However, as investors look to maximize returns through efficient land usage and optimal utilization of FSI, hotels have also been added to the mix.

HVS Asia Pacific Hospitality Newsletter - Week Ending 10 October 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 10 October 2020

HVS · 14 Oct

Singapore to Allow Visitors from Australia and Vietnam from 8 October, Seychelles Review Travel Advisory and Open Borders to All Countries from 2 Oct

HVS Musings: DCF is the most appropriate method of hotel valuations, especially during the COVID era
HVS Musings: DCF is the most appropriate method of hotel valuations, especially during the COVID era — By Dipti Mohan, Akash Datta

HVS · 6 Oct

In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are limited in number, the only viable methodology that remains relevant especially in the current uncertain & volatile market scenario is that of Discounted Cash Flows (DCF). Moreover, the current pandemic has had an unprecedented impact on the hospitality sector, with hotels being temporarily closed and the sector witnessing all-time low performance metrics, by the virtue of which, assessing the value of a hotel on current income fails miserably.

HVS Asia Pacific Hospitality Newsletter - Week Ending 2 October 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 2 October 2020

HVS · 5 Oct

Fantauzzo Art Series Hotel Acquired by Ghassan Aboud's Crystalbrook Collection for AUD75 Million, Japan to Allow Entry for All Non-tourist New Visa A

Evolution of Hotel Management Agreements and Rise of Alternative Agreements
Evolution of Hotel Management Agreements and Rise of Alternative Agreements — By Hala Matar Choufany, Ersin Yildirim

HVS · 30 Sep

Hotels are complicated investments and therefore selecting an appropriate hotel agreement for a property requires exhaustive research and investigation by an investor. The choice of an operator as well as the hotel operating agreement has a significant impact on the cashflow and the potential value of the property. Hotels and the hospitality market are constantly evolving as a result of brands consolidating, owner profiles changing, technology disruption, changing traveler behavior as well as hotel investment trends altering.

Property Taxes Post COVID-19
Property Taxes Post COVID-19 — By Suzanne R. Mellen, Brian F. Bisema

HVS · 29 Sep

After realizing record-high RevPAR levels with over 100 consecutive months of growth, the lodging industry continued to strengthen through 2019, albeit at a significantly more tempered rate. Then, in the first quarter of 2020, COVID-19 struck. The unimaginable pandemic erased years of RevPAR gains virtually overnight, leaving owners and operators scrambling to strategize the forthcoming steps. While logistics pertaining to reopening hotels, new sanitation standards, and controlling variable operational expenses are on the forefront of hoteliers' minds, fixed expenses, particularly an asset's property tax burden, are also key factors that hotel owners should keep on the horizon.

Europe Hotel Transactions Bulletin - Week Ending 18 September 2020
Europe Hotel Transactions Bulletin - Week Ending 18 September 2020

HVS · 21 Sep

Covivio completes acquisition of ex-Boscolo portfolio from Varde Partners, Henderson Park acquires Lagoas Park Hotel in Lisbon from Kildare Partners,

HVS Asia Pacific Hospitality Newsletter - Week Ending 18 September 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 18 September 2020

HVS · 21 Sep

Singapore Increases MICE Event Attendees Limit to 250 from 1 October, South Australia Unveils AUD20 Million Boost for Regional Tourism, South Austral

HVS Monday Musings: Hotel Owners Should Think Like Institutional Owners in the Post-COVID Era
HVS Monday Musings: Hotel Owners Should Think Like Institutional Owners in the Post-COVID Era — By Dipti Mohan, Akash Datta

HVS · 14 Sep

As we all gradually get back to business one of the pertinent questions that is being asked is whether hotels can still be considered a good investment vehicle going forward. We believe the answer to be a big 'yes'. It's true that the demand will be subdued for the near to medium term, but the industry is expected to regain its 2019 glory in the next 2-3 years, and this is perhaps an opportune time to invest in hotels. However, hotel owners need to re-evaluate their investment objectives and don the hat of an institutional investor now more than ever.

Multi-Year Recovery Along with New Opportunities for the Travel and Hospitality Sector, Predicts HVS Global Leadership
Multi-Year Recovery Along with New Opportunities for the Travel and Hospitality Sector, Predicts HVS Global Leadership

HVS · 10 Sep

HVS senior management across the globe hosted a webinar on September 8, 2020, to offer expert perspectives on key hospitality topics including how th

Israel Set to ‘Bounce Back’ From Pandemic as Lessons Have Been Learned Before, Hears Webinar
Israel Set to ‘Bounce Back’ From Pandemic as Lessons Have Been Learned Before, Hears Webinar

HVS · 3 Sep

In a buoyant message to a webinar audience of some 300 hotel operators, investors and owners, held 1 September 2020, Israel's Minister of Tourism was

HVS Monday Musings: Improving Hotel ROI – Thinking Out of Box from Design to Operations
HVS Monday Musings: Improving Hotel ROI – Thinking Out of Box from Design to Operations — By Ajay Mehtani

HVS · 31 Aug

As an industry there is a need to make hotels more viable. The pandemic has taught us to rethink in this direction and develop hotel assets that can drive higher ROI. It can only be done when we look at making changes from Design to Operations. Ideally, we should make changes to the industry status, compliance cost and interest cost, however, as these are policy matters, we cannot do much ourselves.

HVS Asia Pacific Hospitality Newsletter - Week Ending 21 August 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 21 August 2020

HVS · 24 Aug

Vantone Acquired Queen's Hotel in Sai Ying Pun for HKD310 Million at 30% Discount, Singapore Announced Additional SGD8 Billion Covid-19 Support Measu

HVS Monday Musings: Why Professional Asset Management Adds Value to Hotel Investors?
HVS Monday Musings: Why Professional Asset Management Adds Value to Hotel Investors? — By Dipti Mohan, Ajay Mehtani

HVS · 24 Aug

The role of a professional Asset Manager has traditionally been underplayed in India, even though the expertise brought in by a quality Asset Manager can yield great results for Investors. This is already a proven fact in several mature markets where Hotel Investors extensively use their services. The role of the Asset Manager has become even more crucial in the current times of uncharted waters.How do professional Asset Managers add value to Hotel Investors? Asset Managers work with owners to maximize the asset value and potential by optimizing operational efficiencies to deliver better ROI.

HVS Asia Pacific Hospitality Newsletter - Week Ending 14 August 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 14 August 2020

HVS · 17 Aug

Tayrona Obtains Majority Stake in Harbour City Project in Malacca from Hatten Land as Part of USD323M Deal, Kiên Giang to Build a New Central Square

HVS Asia Pacific Hospitality Newsletter - Week Ending 7 August 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 7 August 2020

HVS · 10 Aug

Green Lane Travel between Singapore and Malaysia to Commence on 17 August, Bali’s “Golden Triangle” Port to Open in 2021, Itami Airport in Osaka Comp

HVS Asia-Pacific Hotel Law Guide
HVS Asia-Pacific Hotel Law Guide — By Daniel J. Voellm, Eunice Wong

HVS · 3 Aug

The Hotel Law Guide helps serve hotel real estate owners, developers and operators as a reference for experienced and well-known lawyers and attorneys with a track record in Asia Pacific region. Each law firm highlights their representative attorneys with the type of services offered and notable projects.

HVS Asia Pacific Hospitality Newsletter - Week Ending 17 July 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 17 July 2020

HVS · 20 Jul

Weave Co-Living Expands into Singapore with SGD500 Million Joint Venture, Singapore and Malaysia Aim to Commence Cross-Border Travel From 10 August,

Hotel Operators Must Be Flexible, Be Lean and React Quickly to Change, says HVS Webinar Panellists
Hotel Operators Must Be Flexible, Be Lean and React Quickly to Change, says HVS Webinar Panellists — By Russell Kett

HVS · 10 Jul

The issue of financing the cost of reopening the hotel sector was the hot topic tackled in the second hotel webinar organised by global hotel consultancy HVS, legal firm Bird & Bird, EP Hospitality and AlixPartners, which was held yesterday [8th July].

Europe Hotel Transactions Bulletin - Week Ending 26 June 2020
Europe Hotel Transactions Bulletin - Week Ending 26 June 2020

HVS · 29 Jun

KKR buys Roompot for approximately $1.1 billion, Henderson Park and Hines acquire Greek Portfolio, Renzo Rosso buys the Hotel Ancora in Cortina, Ital

HVS Asia Pacific Hospitality Newsletter - Week Ending 26 June 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 26 June 2020

HVS · 29 Jun

2020: Hotel Valuation Index (Asia Pacific - Select Markets), W Hotel in Melbourne’s CBD Acquired by Daisho Development, Daylesford’s Bellinzona Resor

HVS Asia Pacific Hospitality Newsletter - Week Ending 19 June 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 19 June 2020

HVS · 22 Jun

Singapore to Start Phase 2 Re-opening of the Economy from 19 June, Japan to Ease Travel Restrictions from Four Countries, Philippines Government to G

The Case for Targeted Federal Aid to DMOs and Tourism Agencies
The Case for Targeted Federal Aid to DMOs and Tourism Agencies — By Thomas A. A. Hazinski, Joseph Hansel

HVS · 5 Jun

The COVID-19 pandemic has placed at risk the substantial investment of state and local governments in the tourism and hospitality industries. Publicly funded destination marketing organizations ("DMOs"), tourism agencies, and convention centers face budget shortfalls, staffing reductions, and growing financial uncertainty. Targeted federal aid is urgently needed to support DMOs, tourism agencies, and convention centers whose work is critical to the recovery of vital sectors of the US economy.

HVS Design and JN+A Release 2020 Hotel Cost Estimating Guide
HVS Design and JN+A Release 2020 Hotel Cost Estimating Guide

HVS News · 2 Jun

HVS Design and Jonathan Nehmer + Associates, Inc. (JN+A), leading Architecture, Interior Design, and Project Management firms specializing in the hos

HVS Asia Pacific Hospitality Newsletter - Week Ending 22 May 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 22 May 2020

HVS · 25 May

Travellers Allowed to Transit through Changi Airport from 2 June, Revitalisation Enters Final Stage in Shibuya, Japan, Thailand Tourism Announced Pla