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/per product type.
As of 1 October, the U.S. opened 521 properties accounting for 55,395 rooms between the beginning of March and end of September.
Mixed-use developments are going to be the most sustainable model for hotels going forward as they leverage the best of each asset class, while diversifying the risks for the investors and enhancing the overall experience for the guests. Read on to know more.
JLLs Hotel Investor Sentiment Survey provides a perspective on the current state of the lodging industry and highlights investor expectations related to investment activity and hotel performance.
Travel Channel's Anthony Melchiorri and hotel industry expert and No Vacancy podcast host Glenn Haussman speak to our President & CEO, Stephen Rushmore, Jr. about some critical hotel investment related topics. Topics include valuation trends, marketplace opportunities, independent vs. branded hotel investments, how banks perceive the hotel business and more.
Hotel owners need to don the hat of institutional investors now more than ever as creating a well-thought and well-researched development-growth-exit strategy for their projects will become critical in capitalizing the asset in the post-COVID world.
HVS compiled the Q2 2020 performance statistics of brands reported by public companies. The data reflect the resiliency of economy, extended-stay brands during the first months of the pandemic.
The latest Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) states that the global hotel construction pipeline stands at 14,779 projects/2,412,736 rooms. Year-over-year (YOY) the pipeline increased 5% by projects and 4% by rooms with several stages of the pipeline hitting their peaks by project and rooms counts.
In the coming months, a true gem of a site in the heart of Hong Kong will be sold. Located in front of its iconic skyline, Site 3 measures 4.76 hectares between Jardine House (the one with the round windows) and the Star Ferry pier. We take a look at what could be accomplished here.
According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometricss (LE) state at the end of the second quarter of 2020, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms.