courtney vris
Hunter Conference 2024 Takeaways
Josh Williams | March 25, 2024
By Josh Williams, Courtney Vris, Eric Guerrero The Atlanta Marriott Marquis was bustling this week with another successful Hunter Hotel Investment Conference. Kudos to the Hunter and Marriott teams for executing an extraordinary event! Some key takeaways from the HVS brokerage and consulting staff members who attended the conference are summarized as follows: There is still a material gap on bid/ask in brokered deals, but buyers are nevertheless active and looking increasingly toward deals outside of the top 25 MSAs, which may produce better yields. Fewer listings in general were launched at Hunter than at ALIS. Several buyers men...
Outpacing and Evolving: Metro Atlanta Hotel Supply Growth
Courtney Vris | March 19, 2024
By Courtney Vris, Brett Testa According to Lodging Econometrics’ Q4 2023 US Construction Pipeline report, Atlanta ranked second nationally in the number of hotel openings in 2023, third in the number of hotels actively under construction, and second in the number of projects in the pipeline. Below, we provide an overview of the market’s hotel demand and its notable new supply, both recently opened and on the horizon. Metro Atlanta comprises the city of Atlanta and eleven surrounding counties, with a vast network of submarkets that include the following: The CBD, home to the Georgia World Congress Center, Mercedes-Benz Stadi...
Charleston, SC: Making & Preserving History
Courtney Vris | November 29, 2023
By Courtney Vris Europeans first settled in the city that would become Charleston over 350 years ago.[1] Charleston’s rich history is one of the drivers of its thriving tourism sector, which tallied 7.68 million visitors in 2022. In the hospitality industry, Charleston continues to make history, while local initiatives are also making strides to preserve it. Demand Peaks & Historic Milestones The global renown of Charleston as a tourist destination continued in 2023 with its rank as the #1 city in the United States for the eleventh year in a row, according to Travel + Leisure readers. In 2023, Charleston gained a spot among Tra...
Charlotte, North Carolina: Queen City on the Rise
Janet Snyder | July 7, 2023
By Janet Snyder, Courtney Vris While growth in the life sciences, energy, education, and manufacturing industries is contributing to Charlotte’s rise, it’s the financial services/fintech industry that gives the city its power to the throne. Bank of America, Truist Financial, and Wells Fargo all have either a headquarters office or a regional hub in the Queen City. As of 2023, financial firms in the Charlotte-region MSA support over 100,000 jobs, which is more than ever recorded before, even prior to the pandemic. Yes, this sector’s return to the office was slow following the pandemic depths and the uncertain climate precipitated ...
