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 · 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 · 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
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 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 · 25 May
Travellers Allowed to Transit through Changi Airport from 2 June, Revitalisation Enters Final Stage in Shibuya, Japan, Thailand Tourism Announced Pla
HVS · 18 May
Sorrento's Continental Hotel Sold to Trenerry Property for AUD14.5 Million, Hanison Construction Holdings to Acquire Travelodge Hotel in Hong Kong, I
HVS · 18 May
AXA investment vehicle to acquire Lagrange Apart`Hotel in Mulhouse, France, Holiday Inn Express Castle Bromwich Ground Rent Sold, Landmark Scores Hot
HVS · 12 May
With the advent of the COVID-19 pandemic in the U.S. in early to mid-March 2020, hotel owners and managers watched demand for their rooms suddenly evaporate. Since then, tough decisions have been made regarding whether to remain open or temporarily suspend operations. Hotels that have temporarily suspended operations now need to decide when to reopen. This article addresses the considerations to be weighed in this process and provides one example of the calculus for a hypothetical hotel.
HVS · 7 May
HVS ANAROCK spoke about ancillary revenues in early 2019 and the concept of focusing on Revenue Per Square Feet at our HOPE conference again in Bengaluru in August last year - thus, initiating a dialogue with the industry on the concepts of Total Revenue Management.When the times are good, Ancillary Revenues seem very small and we let the opportunity pass by, as the effort does not add up to the return!
HVS · 30 Apr
A recently published article by several of my colleagues at HVS forecasts the expected pattern of decline, and the subsequent recovery, in the market value of hotels in the United States under "best case," "most likely case," and "worst case" scenarios. And while they further acknowledge a variety of factors that will also influence the ultimate value impact realized by a hotel under each of these scenarios, the decline in asset value under the "most likely" scenario is expected to average 26% in 2020, with 2019 market values not being fully recovered until 2023, at which time they are anticipated to surpass 100% of the 2019 market value.
HVS · 20 Apr
As a result of the current COVID-19 pandemic, the HVS Team has received many questions about when U.S. hotel transaction volume will return to reasonable, pre-pandemic levels. While we do not have a definite answer, as these circumstances are evolving daily, we have tried to use past events to provide some insight on the factors that would affect a possible rebound. We see the anticipated volume declining because of COVID-19.
HVS · 20 Apr
Japan Government to Include Tourism Campaign in Stimulus Plan, Airports of Thailand Announced Upgrade to Don Mueang Airport, USD258 Million Relief Fu
HVS · 17 Apr
HVS modeled the anticipated RevPAR declines during the COVID-19 pandemic. Based on patterns of recovery following the two most recent recessions, we projected the lodging tax revenues of 24 urban markets in the United States. Comparing these projections to a baseline scenario without the pandemic, HVS estimates combined losses of 24 major U.S. markets could range from $4.0 to $5.5 billion of lodging tax revenues. Lodging tax losses of this magnitude will force bondholders, destination marketing organizations, and other stakeholders to consider steps such as debt refinancing or seeking alternative revenue streams until the hospitality industry recovers from this pandemic.
HVS · 14 Apr
The COVID-19 pandemic and the related restrictions on travel, business activity, and individual movement are having an unprecedented impact on our industry and economy. Hotel owners, operators, lenders, and investors are all facing greater challenges than ever anticipated, as they grapple with plummeting occupancy, average rate (ADR), and RevPAR and seek solutions to mitigate the impact on EBITDA. Owners and operators are dealing with the current crisis day-to-day, making hard decisions regarding staffing, continuing or suspending operations, and having difficult conversations with their management companies, franchisors, lenders, and investors.
HVS · 6 Apr
HTL Announces Sale of Australia Hotel Properties Worth AUD35 Million, S Hotels & Resorts Pushes Forward with Business Expansion.
HVS · 30 Mar
Ability Group acquires Hampton by Hilton Bristol Airport from CIMC Capital, Helvetic Investment acquires Dorint Parkhotel Mönchengladbach, Germany, B
HVS · 30 Mar
Devonport Waterfront Hotel Sold for AUD40 Million in Australia, Mandarin Orchard to Rebrand as Largest Hilton Hotel in Asia Pacific, Singapore Govern
HVS · 23 Mar
Quest Macquarie Park Sold for AUD46 Million, Craig's Royal Hotel Ballarat Sold for More Than AUD12 Million, Banyan Tree Holdings and Htoo Hospitality
HVS · 21 Mar
As of February 2020, the market remained strong, with low-interest rates continuing to attract investors despite some softening in the outlook for the industry. It's a whole different world just a few weeks later. The coronavirus (COVID-19) has directly impacted the hotel industry through the expeditious cancellations or postponements of large events and business travel across the country.
HVS · 20 Mar
The coronavirus (COVID-19) pandemic is having a profound impact on the hospitality industry, as travel restrictions, limits on large gatherings, the closure of restaurants and bars and, perhaps most influential, fear of the virus, have brought travel—and most other aspects of hospitality—to a virtual halt. According to Chip Rogers, president and CEO of the American Hotel and Lodging Association (AHLA), "The impact to our industry is already more severe than anything we've seen before, including September 11th and the Great Recession of 2008 combined."
HVS · 10 Mar
In the course of each year my colleagues and I see a huge number of hotel P&Ls and, within them, there are often wide variances in performance, even in like-for-like situations - whether it is better or worse revenue generation, cost control or effectiveness. Some hotel management companies don't produce an adequate return on their owners' investment by doing as much as they possibly can to increase revenues, reduce operating costs and improve bottom-line profits and cash flow. Only when given a 'kick' from the owner or from a third-party asset manager acting on behalf of the owner does the optimisation of a hotel's performance - and therefore its value - often become a reality.
HVS · 2 Mar
HVS Hodges Ward Elliott acts for KKH on the sale of The Madrid EDITION to Archer Hotel Capital, Foncia acquires Belgian Portfolio, The Mark Hotel Ber
HVS · 2 Mar
Indonesia Government Announces IDR298.5 Billion Budget to Lift Tourism Business, Trepang Hotel Group Acquires Kimberley Sands Resort and Spa in Broom
HVS · 24 Feb
Daewoo E&C and Korean Financial Institutions to Jointly Invest USD388 Million in Property Development Project in Hanoi, Vietnam, 'Harry Potter' Theme
HVS · 17 Feb
Fattal acquires Golden Tulip Hotel Bucharest from Atlas Estate, M-Square Hotel Budapest sold to Fattal Hotels, Cristina Hotel in Gran Canaria, Spain