Rod Clough
ALIS 2024 HVS Takeaways: Upbeat, Optimistic, and an Eye on Innovation
Rod Clough | January 26, 2024
By Rod Clough, Marcus Lee, John Berean, Eric Guerrero, Alice Sherman HVS was a proud sponsor of this year’s ALIS conference, and both our HVS Los Angeles leader Kirsten Smiley and our HVS San Francisco leader John Berean moderated educational and engaging panels at the event. Given that hotel performance metrics remain strong in most markets and difficulties persist in the office and multi-family sectors, both investors and lenders are finding hotels to be a particularly attractive asset class for 2024. Sentiment at the ALIS conference was upbeat, with participants and analysts buoyed by the improved lending economics as of Q4...
HVS Global Hotel Industry: 2023 Recap and 2024 Outlook
HVS | December 5, 2023
As 2023 draws to a close, regional HVS leaders across the globe take a look back at how the global hotel industry fared this year and opine on the outlook for next year. While the U.S. experienced muted 2023 RevPAR growth relative to 2022 gains, most other global markets recorded extraordinary RevPAR growth, well above 10%, primarily fueled by strong ADR gains. While transaction activity cooled across the Americas and Europe, the Asia Pacific saw a significant strengthening as this region’s markets moved beyond pandemic-era restrictions. United States By Rod Clough, President – Americas As 2023 ends, we look back on a year where hot...
HVS Conference Takeaways: The Lodging Conference 2023
Rod Clough | September 25, 2023
By Rod Clough With contributions from Eric Guerrero, Josh Williams, Neil Flavin, Zabada Abouelhana, James Rebullida, and Aleisha Smith Harry Javer and team executed another stellar Lodging Conference at the beautiful JW Marriott Desert Ridge, where over 2,700 attendees gathered to ponder and map the future of our great industry. We were thankful to sponsor such an important meeting, and I was honored to take the main stage at its start to share my perspectives on the direction of cap rates, discount rates, and values. Here are our takeaways from the conference: There is a notable disconnect at present between buyer and sel...
Hotel Operators Get Creative to Enhance Guest Revenue Capture
Rod Clough, MAI | July 21, 2023
By Rod Clough As HVS associates travel nationwide and experience new hotels, or newly renovated and revitalized properties, we are seeing many owners creating innovative ways to generate revenue. Here are just a few ways we’ve recently come across: Golf Offerings Ryan Mark, Director in our Denver office, shared that he consulted on a Courtyard by Marriott that had converted its indoor swimming pool into golf simulator bays (given the hotel’s location near a popular golf course), with food service available from the hotel’s Bistro. Golf bay rentals and an increase in Bistro revenue were significant enhancements to the P&...
Sustainable Business Travel: Our Partnership for a Greener Future
Jack Mahan | July 5, 2023
By Jack Mahan, Rod Clough, Janet Ott At HVS, we take sustainability seriously. It is an important topic for us as a firm and also for the hospitality industry as a whole. As consultants to hotels and hotel operators, we spend much time traveling to meet our clients and conducting site inspections at hospitality properties across the country and globe. Travel is an essential component of what we do as a firm. More broadly, business travel represents nearly one-fifth of all global travel. In 2019, U.S. residents alone took more than 460 million business trips, according to Sustainable Travel International. Unfortunately, business travel al...
HVS Takeaways from the NYU Hospitality Conference
Rod Clough | June 8, 2023
By Rod Clough with contributions from Stephen Rushmore, Roland deMilleret, McKenna Luke, Eric Guerrero, Janet Ott, Patricia Shih, Cole Masler, Raymond Parejo, and Caroline Dioso This week marked the 45th Annual NYU International Hospitality Industry Investment Conference, with the industry’s leaders descending on the Marriott Marquis Times Square to discuss the future of lodging. Conversations were optimistic when it came to extending the current rise in top-line revenues, while less positive topics included managing (or waiting out) the challenges of inflation, high interest rates, labor, and financing constraints, as well a...
Hotel Conversions to Residential Use Heat Up
Rod Clough | April 12, 2023
By Rod Clough, Koby Kearney As economy and budget hotels are nearing the end of their economic life, some properties are finding new capital for renovations from buyers seeking to convert properties to residential use. We have compiled a sample list of hotels that have gone through this metamorphosis, illustrated at the bottom of this article. These transactions reflect the following range of prices per room. Price Per Key for Hotel to Residential Conversions Source: HVS We want to caution buyers, particularly municipalities that may not be savvy hotel buyers, not to overpay for these assets, as these dated hotels should be avai...
Hunter Conference Takeaways – A Well-Performing Hotel Industry Lives Through a Tough Financing Environment
Rod Clough | March 27, 2023
By Rod Clough With contributions by Eric Guerrero, Neil Flavin, Brian Bisema, Marc Greeley, James Rebullida, and Brett Testa Another exceptional Hunter Conference is in the rearview mirror, with much thanks to Lee Hunter and his team, as well as the Atlanta Marriott Marquis, for pulling off a terrific event. Never a dull moment in the hotel industry, which is why many of us never leave the sector, with attendees having such varied opinions on how this year may play out. The Industry’s Performance Continues Its Upward Climb Early 2023 comparisons continue to look favorable, due in large part to the early weeks of 2022 ...
