benjamin levin
HVS 2020 Hotel Transaction Outlook
Benjamin A. Levin | January 27, 2020
With the strength of the U.S. economy, hotel transaction activity should remain strong in the near term; however, as we look further out, things become a little less optimistic. Before we discuss the future, let’s take a quick dive into what happened in the past As expected, hotel transaction volume fell to a historic low during the peak of the Great Recession in late 2009, a drop that began roughly 24 months earlier at the end of 2007. Similar to the rebound in performance, transaction activity among economy hotels recovered rapidly, but soon declined as investors shifted their focus to midscale and upscale hotels, which recovered more ...
HVS Market Pulse: Atlanta, Georgia
Benjamin A. Levin | February 21, 2019
Benjamin A. Levin and Janet L. Snyder While several high-profile projects have been completed in Atlanta over the past several years, including the completion of Mercedes-Benz Stadium and SunTrust Park, the conversion of Turner Field into the new Georgia State football Stadium, and the opening of NCR's new global headquarters in Midtown, the construction boom in Atlanta is showing no signs of slowing down. Several high-profile projects are currently underway in Atlanta, with the some of the biggest projects in the city's history expected to break ground in the coming months. Aerotropolis Development Hartsfield-Jackson Atlanta Internatio...
HVS Market Pulse: Birmingham, AL
Benjamin A. Levin | April 11, 2018
By Benjamin A. Levin Birmingham's economy is largely driven by the healthcare sector, with top employers such as the UAB Health System, Baptist Health System, and St. Vincent's Health System, whose hospitals and clinics are expected to change their name to Ascension. The name change is part of a greater effort to coordinate healthcare efforts across the entire Ascension system, which is the largest chain of Catholic hospitals in the world. The UAB Healthcare System is also undergoing some changes. U.S. News & World Report's top ranked hospital in Alabama added seven operating rooms to the Callahan Eye Hospital in April 2017, whi...
HVS Market Pulse: Atlanta, GA
Benjamin A. Levin | February 2, 2017
A significant amount of work is underway in Atlanta, with new expansions and builds promising to bring in more tourists, commercial travelers, and group demand for the city's hotels. The highest-profile projects include a $6-billion expansion of Hartsfield-Jackson Atlanta International Airport, which is expected to span the next two decades, and Mercedes-Benz Stadium, which will host Super Bowl LIII in 2019. This HVS Market Pulse report gives a brief look into the timelines and potential impact of these and other developments on hotel supply, demand, and performance in Atlanta. Hartsfield-Jackson Atlanta International Airport: Still th...
