Europe Hotel Transactions Bulletin - Week Ending 10 January 2020
Europe Hotel Transactions Bulletin - Week Ending 10 January 2020

HVS · 13 Jan

Covivio buys eight-hotel ex-Boscolo portfolio from Värde Partners, UBM forward-sells two hotels in Poland to Union, Atom Hoteles acquires its first N

Keeping Mobile Tech in Hotels Secure with Biometrics
Keeping Mobile Tech in Hotels Secure with Biometrics — By Court Williams

HVS · 8 Jan

A big question currently facing the hotel industry is how to keep guests, employees, and data safe in our increasingly connected world. While mobile technology provides a vehicle for much of the progress, it can also provide the security methods needed to safeguard them in the form of mobile-based biometrics.

HVS Asia Pacific Hospitality Newsletter - Week Ending 3 January 2020
HVS Asia Pacific Hospitality Newsletter - Week Ending 3 January 2020

HVS · 6 Jan

Hana Financial Investment and Hotel Lotte to Acquire The Hotel at The Mark for USD175 Million, Silkari Acquires Management Rights of Oaks Lagoon in P

HVS Asia Pacific Hospitality Newsletter - Week Ending 27 December 2019
HVS Asia Pacific Hospitality Newsletter - Week Ending 27 December 2019

HVS · 30 Dec

PAG and Inmark Acquire Grand Hyatt Seoul for KRW560 Billion in Korea, Japan’s Haneda Airport to Open Haneda Airport Garden Mixed-use Complex in 2020,

HVS Asia Pacific Hospitality Newsletter - Week Ending 13 December 2019
HVS Asia Pacific Hospitality Newsletter - Week Ending 13 December 2019

HVS · 16 Dec

Accor to Sell Half its Stake in Huazhu for USD451 Million, Giarn Family Acquires Hotel Cairns in Queensland, Australia for AUD11 Million, Myanma Tour

Europe Hotel Transactions Bulletin - Week Ending 13 December 2019
Europe Hotel Transactions Bulletin - Week Ending 13 December 2019

HVS · 16 Dec

M&G sells portfolio of six UK Travelodges to Investra, Pestana Delfim Beach & Golf Hotel in Portugal sold to BPI pension fund, PFA buys Zleep hotel d

Key Takeaways from the 2019 Western Canadian Lodging Conference
Key Takeaways from the 2019 Western Canadian Lodging Conference — By Shu Lin (Sharon) Liu

HVS · 13 Dec

HVS was the Platinum Sponsor for the 2019 Western Canadian Lodging Conference (WCLC) that was held in Vancouver on November 25 and 26, 2019. The event welcomed more than 400 delegates, the highest attendance in the history of the conference. The main takeaways from the conference are briefly summarized in this article.

2019 U.S. Hotel Franchise Fee Guide
2019 U.S. Hotel Franchise Fee Guide — By Kasia M. M. Russell, Bomie Kim

HVS · 26 Nov

The HVS U.S. Hotel Franchise Fee Guide provides a comparative review of various hotel franchises based on their applicable franchise fees. The selection of an appropriate franchise affiliation affects a property's ability to compete in its local market, generate profits, and achieve a distinguished image and market orientation. Because the success of a hotel is based primarily on the cash flow generated, owners and lenders must weigh the benefits of a brand affiliation against the total cost of such a commitment.

Equity Yield Rates on the Decline
Equity Yield Rates on the Decline — By Rodney G. Clough, Katy Black

HVS · 25 Nov

HVS continually tracks the rates of return on the assets on which we consult. In our most recent review, we found that equity yield rates, on average, have shown a continued trend of decline in the full-service and luxury hotels sector, as well as the lower-tier limited-service sector, with the select-service and upscale limited-service sector showing stability.Equity yield rates were notably lower for full-service and luxury hotels, averaging 16.4% for the year-to-date 2019 period, which is 140 basis points (bps) below the 17.8% most recent peak level recorded in 2017.

HVS Asia Pacific Hospitality Newsletter - Week Ending 22 November 2019
HVS Asia Pacific Hospitality Newsletter - Week Ending 22 November 2019

HVS · 25 Nov

Jerry Schwartz Acquires Paradise Resort in Surfers Paradise in Australia for AUD43 Million, Moelis Australia Acquiring Beach Hotel in Byron Bay in Au

The Current Impact of Brand PIP Requirements on Hotel Sales
The Current Impact of Brand PIP Requirements on Hotel Sales — By Eric Guerrero

HVS · 22 Nov

The most consistent issue HVS Brokerage & Advisory has encountered during transactions is whether a group is budgeting sufficient capital for prospective asset acquisitions that require PIP renovations. An incorrect estimate means buyer groups must increase their capitalizations or request a price reduction on a dollar-for-dollar basis relative to their cost increases. This ultimately changes many metrics late in acquisition processes and lowers IRRs because any extra capital is drawn entirely from equity and not a blend of equity and debt. Recent observations are detailed below. The lesson is that accurate PIP estimating is vital in successfully acquiring hotels today.

The Evolution of Hotels: Conference Summary
The Evolution of Hotels: Conference Summary

HVS · 5 Nov

More than 125 people attended our seminar on 29 October on The Evolution of Hotels, which HVS London co-hosted with lawyers Bird&Bird, the European H

HVS Asia Pacific Hospitality Newsletter - Week Ending 25 October 2019
HVS Asia Pacific Hospitality Newsletter - Week Ending 25 October 2019

HVS · 29 Oct

Marina Mandarin Singapore to be Rebranded as PARKROYAL on Marina Bay, Two New TAT Campaigns Aim to Generate 400 Million Baht, Korean Air to Launch Ne

Europe Hotel Transactions Bulletin - Week Ending 25 October 2019
Europe Hotel Transactions Bulletin - Week Ending 25 October 2019

HVS · 28 Oct

Pandox acquires hotels in The Hague and Hannover from Grape Hospitality, Grape Hospitality forward funds the Mama Shelter Rome, Reuben Brothers acqui

HVS Asia Pacific Hospitality Newsletter - Week Ending 18 October 2019
HVS Asia Pacific Hospitality Newsletter - Week Ending 18 October 2019

HVS · 21 Oct

HVS Executive Search Promotes Haydn Lam and Appoints Jens Busch in Asia Pacific, HVS Executive Search Relaunches in New Delhi with Ajay Mehtani, Radh

Per Diem Rates: Current & Historical Trends
Per Diem Rates: Current & Historical Trends — By Chelsey Leffet

HVS · 21 Oct

Government per diem rates are set for a number of locations, many applying to multiple regions or localities in each state. A per diem rate is made up of three components: a lodging allowance, meals allowance, and incidental expense allowance[1]; however, this article and the data presented below focus solely on the lodging allowance. The per diem lodging rates, which provide a maximum amount that a federal traveler can reimburse, are based on the costs of mid-priced hotels and are set annually by the U.S. General Services Administration (GSA). The following article examines the per diem trends of the top 24 lodging markets, as defined by STR, which reportedly make up roughly 32%[2] of the total number of hotel rooms across the country. Hawaii is typically included in this list of top lodging markets; however, it has been excluded because the per diem rates are only set for the continental states.

2019 HVS Lodging Tax Report - USA
2019 HVS Lodging Tax Report - USA

HVS · 7 Oct

State and local governments charge lodging taxes on the short-term stays at hotels, motels, bed-and-breakfasts, and other lodging accommodations. The

HVS Asia Pacific Hospitality Newsletter - Week Ending 4 October 2019
HVS Asia Pacific Hospitality Newsletter - Week Ending 4 October 2019

HVS · 7 Oct

AXA IM to Acquire 2,300-Key Europe-based Portfolio for EUR531 Million, ABH Hotel Group Acquires Airlie Beach Hotel for AUD22 Million in Queensland, A

Europe Hotel Transactions Bulletin - Week Ending 04 October 2019
Europe Hotel Transactions Bulletin - Week Ending 04 October 2019

HVS · 4 Oct

AXA buys pan-European portfolio of 11 hotels from Principal, Union Investment forward-funds Y-Towers in Amsterdam, Sofitel Gatwick North sold to Schr

U.S. Hotel Development Cost Survey 2018/19
U.S. Hotel Development Cost Survey 2018/19 — By Luigi Major

HVS · 23 Sep

In 2018/19, the national lodging market continued to climb to new heights, albeit at a more moderate pace than in previous years. In 2018, hotels in the United States operated at the highest occupancy and average rates ever recorded, with both metrics registering additional growth during the year-to-date July 2019 period. While the pace of new hotel development and the entrance of new supply has remained tamed when compared with the previous cycle, this pace has been accelerating, as evidence by increases in supply in 2018 and 2019, as well as the number of hotel rooms under construction as of mid-year 2019.

HVS Brokerage & Advisory Closes Sale of the Candlewood Suites Port Arthur/Nederland
HVS Brokerage & Advisory Closes Sale of the Candlewood Suites Port Arthur/Nederland

HVS News · 9 Sep

HVS Brokerage & Advisory announced that it has closed on the sale of the 65-key Candlewood Suites Port Arthur/Nederland located at 2125 US-69, Ne

Europe Hotel Transactions Bulletin - Week Ending 06 September 2019
Europe Hotel Transactions Bulletin - Week Ending 06 September 2019

HVS · 6 Sep

MGM Resorts acquires stake in Sydell Group, Corinthia sells Panorama Hotel in Prague to S + B Gruppe, LXI forward-funds three budget hotels in the UK

HVS Completes Acquisition of Residence Inn Downtown, Montreal, on Behalf of Private Client
HVS Completes Acquisition of Residence Inn Downtown, Montreal, on Behalf of Private Client

HVS News · 28 Aug

On behalf of a private Middle Eastern client, HVS Vancouver, with support of HVS Asset Management, has completed the acquisition of the Residence Inn

HVS Brokerage & Advisory Announces the Sale of the Hampton Inn Houston NASA-Johnson Space Center
HVS Brokerage & Advisory Announces the Sale of the Hampton Inn Houston NASA-Johnson Space Center

HVS News · 27 Aug

HVS Brokerage & Advisory announced today that it has closed on the sale of the 70-key Hampton Inn Houston NASA-Johnson Space Center located at 30

HVS North America Announces Expansion of its Brokerage & Advisory Division in Denver
HVS North America Announces Expansion of its Brokerage & Advisory Division in Denver

HVS News · 27 Jun

HVS, the leader in global hospitality consulting, is pleased to announce expansion of its North America Brokerage & Advisory division with the ad