adam zarczynski
Atlanta CBD Hotel Submarket Continuing to Push Forward
Anne Gompel, Adam Zarczynski | November 9, 2023
By Anne Gompel, MAI, CHIA and Adam Zarczynski, CHIA With the busiest airport in the world and a lower cost of doing business than peer regions, Metro Atlanta is the key inland distribution hub of the Southeast. Metro Atlanta is home to 17 Fortune 500 corporations like The Home Depot, Coca-Cola, Delta Air Lines, and UPS. It also sustains a diverse economy centered around technology, healthcare and health tech, logistics, advanced manufacturing, and now electric vehicles and clean tech. For the 10th consecutive year Area Development Magazine has ranked Georgia the number one state for business. Atlanta's strong economy has been spurred by...
H&LA’s Takeaways From the Hunter Hotel Investment Conference
Adam Zarczynski | March 31, 2023
By Adam Zarczynski, CHIA H&LA’s Adam Zarczynski attended the Hunter Hotel Investment Conference in Atlanta in March. Here are some key highlights from the conference: Optimism could be found, although many leaders cautioned the industry is still facing significant challenges. While hotels continue to achieve strong KPI’s in many markets, inflation and high interest rates have slowed down the construction pipeline in recent months. Additionally, hotel sales activity has also been impacted as sellers continue to search for strong returns and buyers are looking to acquire assets at lower prices due to the issues with financing. O...
An Unexpected Detour: The Cleveland Hotel Market in the Wake of COVID-19
Adam Zarczynski | June 11, 2020
By Adam Zarczynski Coming into 2020, the United States hotel industry was ready to build on the record-setting performances of the past few years. In 2019, RevPAR and ADR reached the highest levels ever tracked by STR. While some experts warned of oversaturation with the number of new properties built in recent years, nobody could have predicted the current state of the industry as a result of the COVID-19 pandemic. For most of April, weekly RevPAR declines of more than 80% year-over-year across the United States were common. While resort destinations such as Hawaii and parts of Florida have seen tremendous decline in hotel performance, th...
Hotel Growth Continues in Major Ohio Markets
Adam Zarczynski | October 30, 2018
By Adam Zarczynski Ohio hotel supply: Benefiting from a strong economy, the United States hotel industry is currently experiencing a boom, which has developers across the country looking for their next opportunity. Many are finding that opportunity in major Ohio markets, as evidenced by significant growth in recent years. The Cincinnati, Cleveland and Columbus MSAs have each seen at least 15 new hotels open since 2016, with more properties currently under construction or proposed. Dayton trails the other MSAs with only six hotels opened since 2016, but all markets boast strong pipelines heading into the future. With all this new develop...
