11.0% 9.0% 9.0% 8.9% 8.6% 8.3% 7.0% 8.0% 7.9% 5.0% 3.0% $200 $180 $163 $150 $156 $100 $110 $108 $102 $50. Houston, TX South Region National 80% 70%
|
|
- Barbara Blair
- 6 years ago
- Views:
Transcription
1 % 73.5% % 70.9% $110 $102 $108 $156 $180 $ % % 8.9% 8.6% $200 $50 $
2
3 71.3% 73.3% 73.4% % $105 $104 $175 $151 $ % 8.1% 7.9% 8.8% 8.5% $200 $50 $
4
5 69.4% 72.8% 72.9% 68.2% 68.3% 70.5% $105 $97 $103 $148 $175 $ % 7.9% 8.8% 8.9% 8.5% $200 $50 $
6
7 2015 Mid-Year Integra Realty Resources Houston David R. Dominy, MAI, CRE, FRICS Senior Managing Director 5 Riverway, Suite 200 Houston, TX Phone: ddominy@irr.com Houston, TX Lodging Lodging Snapshot GOING IN CAP RATE (%) 1 8% 6% 4% 2% % % Market Commentary The prediction for hotels is that they will moderate in Even with the slump in oil prices, Houston will have less direct exposure to the energy industry, and hotel performance in this market will be less affected by oil and gas workforce reduction. Houston may see a downturn in line with lower corporate spending, but the presence of major medical facilities that draw visitors from around the world will avert a greater erosion of room demand. AVERAGE ANNUAL CHANGE IN VALUE DISCOUNT RATE (%) 12% % 10.1% 9.8% 10.2% Time Lodging Lodging Previous 36 Months Increase 2% - 3.9% Increase 2% - 3.9% 8% 6% Previous 12 Months Increase.1% - 1.9% Increase.1% - 1.9% 4% 2% Future 12 Months Increase.1% - 1.9% Remain Steady - no change Future 36 Months Remain Steady - no change Increase.1% - 1.9% LODGING RATE ($/ROOM) $200 $50 $ $ Legend $105 OCCUPANCY RATE (%) Lodging $144 $95 Lodging $ % 71.9% % 6 TOP SEVEN CAP RATE FACTORS Property income growth Supply/demand Availability of financing Risk premium of private real estate Interest rates Local economy, job growth, unemployment National economic conditions/gdp growth Tillman Fertita, billionaire CEO of Landry s, is developing The Post Oak. This is a 650,000 square foot tower featuring 240 luxury hotel rooms, 120,000 square foot boutique office and 22 apartments. It will include a pool, two-story spa and salon, and multiple signature restaurant and retail offerings. Tillman Fertitta is dropping one million dollars to transplant large specimen oak trees to the site. The new development will sit on 10 acres along West Loop South in the Galleria.
8 2015 Mid-Year Integra Realty Resources Houston David R. Dominy, MAI, CRE, FRICS Senior Managing Director 5 Riverway, Suite 200 Houston, TX Phone: ddominy@irr.com Houston, TX Lodging HOUSTON 12 MONTH FORECASTS Categories Lodging Lodging Going In Cap Rate Remain Steady - no change Remain Steady - no change Discount Rate Remain Steady - no change Remain Steady - no change Lodging Rate Change (%) Expense Change (%) Construction (Rooms) 2,000 Years to Balance 1 2 Market Commentary (continued) Adjacent to the tower, Tilman Fertitta is building a 30,000 square foot ballroom and conference center. A 16,000 square foot main ballroom will be the largest in the area. The ballroom will feature the unique decorations of Bentley and Rolls-Royce cars. These will be displayed by Post Oak Motor Cars. The Post Oak, master designed by Gensler and built by Tellepsen, will deliver in the fall of For the outlook on investments in the lodging industry, new brands will encourage greater consideration of dispositions in the year ahead, providing investors opportunities to purchase existing properties with in-place demand drivers. About IRR Integra Realty Resources (IRR) is the largest independent commercial real estate valuation and consulting firm in North America, with over 200 MAI-designated members of the of the Appraisal Institute among over 900 professionals based in our 66 offices throughout the United States and the Caribbean. Founded in 1999, the firm specializes in real estate appraisals, feasibility and market studies, expert testimony, and related property consulting services across all local and national markets. Our valuation and counseling services span all commercial property types and locations, from individual properties to large portfolio assignments. For more information, visit or blog.irr.com. Disclaimer While the great majority of data and content contained herein is proprietary to IRR, this publication includes data provided by third parties, and while the available data is presumed to be accurate, no representation or warranty is made regarding the accuracy of the information contained in this publication. This publication does not render legal, accounting, appraisal, counseling, investment or other professional advice. Should such services or other expert assistance be needed, it is recommended that the services of a competent person or firm, having access to the details of the situation, be employed.
9 2015 ANNUAL Integra Realty Resources Houston David R. Dominy, MAI, CRE, FRICS Senior Managing Director 5 Riverway, Suite 200 Houston, TX Phone: ddominy@irr.com Houston, TX Lodging Lodging Snapshot GOING IN CAP RATE (%) 1 8% 6% 4% 2% % 8.3% 8.1% 8.8% Market Commentary The hotel market in Houston is booming, due largely to its keeping up with demand in a city whose economy is prospering, driven chiefly, at the moment, by the oil and gas industries. A total of 66 hotels will be built over the next two years, most of which will be major brand-name hotels. North Houston will see a lot of this construction activity and the Woodlands area alone will double its room count over the next two years, despite it already having a solid base of supply. AVERAGE ANNUAL CHANGE IN VALUE DISCOUNT RATE (%) 12% 1 8% 6% 4% 2% $170 Legend 10. Lodging 10.3% 10.8% 9.9% Lodging 10.4% LODGING RATE ($/ROOM) $200 $50 $0 OCCUPANCY RATE (%) $95 $91 $144 $ % % $ % Time Lodging Lodging Previous 36 Months Increase 2% - 3.9% Increase 2% - 3.9% Previous 12 Months Increase.1% - 1.9% Increase.1% - 1.9% Future 12 Months Increase.1% - 1.9% Future 36 Months TOP SEVEN CAP RATE FACTORS Property income growth Supply/demand Interest rates Availability of financing Remain Steady - no change Risk premium of private real estate Local economy, job growth, unemployment National economic conditions/gdp growth Remain Steady - no change Increase.1% - 1.9% Given that most of the major brand names have been spoken for, a big push of boutique hotels is predicted. The Galleria, Downtown, Energy Corridor, and the Woodlands are saturated and so boutique hotels will need to fill the gap. For example, Midway Companies is working on Hotel Alessandra, slated to open in late 2016 in Downtown. Boutique hotels are slower and riskier projects to build that require experienced developers but are also typically more successful in appealing to the younger generation.
10 2015 ANNUAL Integra Realty Resources Houston David R. Dominy, MAI, CRE, FRICS Senior Managing Director 5 Riverway, Suite 200 Houston, TX Phone: ddominy@irr.com Houston, TX Lodging HOUSTON 12 MONTH FORECASTS Categories Lodging Lodging Going In Cap Rate Remain Steady - no change Remain Steady - no change Discount Rate Remain Steady - no change Remain Steady - no change Lodging Rate Change (%) Expense Change (%) Construction (Rooms) 6,000 Years to Balance 1 2 Market Commentary (continued) With the boom of new construction, the existing hotels are staying in the game with various renovations. The following hotels have experienced either minor or major renovations recently: Hotel Derek, Royal Sonesta, Wyndham Houston West Energy Corridor, Westin Houston Downtown, Lancaster Houston Hotel, and the Sam Houston Hotel. Houston continues to have double-digit RevPAR growth, and this trend will continue further into the future with the expansion of businesses, jobs, and population in the city. As long as the energy sector keeps it bearings and all signs indicate it should Houston s lodging market is going full speed ahead, and hotel stakeholders with interest in the area should keep an ear to the ground for new opportunities. About IRR Integra Realty Resources (IRR) is the largest independent commercial real estate valuation and consulting firm in North America, with over 200 MAI-designated members of the of the Appraisal Institute among over 900 professionals based in our 66 offices throughout the United States and the Caribbean. Founded in 1999, the firm specializes in real estate appraisals, feasibility and market studies, expert testimony, and related property consulting services across all local and national markets. Our valuation and counseling services span all commercial property types and locations, from individual properties to large portfolio assignments. For more information, visit or blog.irr.com. Disclaimer While the great majority of data and content contained herein is proprietary to IRR, this publication includes data provided by third parties, and while the available data is presumed to be accurate, no representation or warranty is made regarding the accuracy of the information contained in this publication. This publication does not render legal, accounting, appraisal, counseling, investment or other professional advice. Should such services or other expert assistance be needed, it is recommended that the services of a competent person or firm, having access to the details of the situation, be employed.
10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 8.8% 8.5% 8.8% 8.1% 7.9% 7.8% Dallas, TX South Region National $200 $150 $157 $151 $140 $100 $104 $100 $50
73. 73.3% 73.4% 70.6% 69. 70.8% $75 $104 $140 $151 $157 7.8% 8.1% 7.9% 8.8% 8.8% 8.5% 10. 9. 8. 7. 6. 5. 4. 3. $200 $150 $50 $0 8 7 6 5 4 72.9% 72.8% 72.9% 70.1% 68.3% 70.5% $73 $97 $103 $138 $148 $153
More information11.0% 9.0% 8.9% 8.8% 8.6% 7.0% 8.0% 7.9% 7.8% 5.0% 3.0% Fort Worth, TX South Region National $200 $150 $163 $156 $140 $100 $108 $102 $50 $77 80% 70%
71. 68. 74.2% 73.5% 69.7% 70.9% $77 $102 $108 $140 $156 $163 7.8% 8. 7.9% 8.8% 8.9% 8.6% 11. 9. 7. 5. 3. $200 $150 $50 $0 8 7 6 5 4 70.5% 66.8% 73.3% 73.4% 69. 70.8% $76 $104 $138 $151 $157 7.8% 8.1%
More information2012: Month OCCUPANCY ROOM RATE REV PAR Location (% Chg/Prior Yr) (% Chg/Prior Yr) (% Chg/Prior Yr)
HOTEL SMARTbrief 2012 TRANSACTIONS The national headlines contain news of slow activity in transactions, particularly versus year-to-date last year. Deals are happening, but they are taking longer as buyers
More informationQuarterly Report Doha Hotels Q Doha Q Review. Hotel Market
Quarterly Report Doha Hotels Q2 2016 Doha Q2 2016 Review Hotel Market Doha SUPPLY Doha saw an influx of 538 hotel keys in Q2 2016. The most recent openings included properties such as the Moevenpick Al
More informationSLOW BUT SUSTAINED GROWTH FOR 2014 FORECASTS REMAIN POSITIVE FOR THE HOTEL SECTOR, WITH A CAUTIOUS EYE TOWARDS CONSTRUCTION
HOTEL MARKET REPORT: 4Q2013 SLOW BUT SUSTAINED GROWTH FOR 2014 FORECASTS REMAIN POSITIVE FOR THE HOTEL SECTOR, WITH A CAUTIOUS EYE TOWARDS CONSTRUCTION DEMAND: Demand trends continue to slow, but remain
More informationHOSPITALITY REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS
HOSPITALITY REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS By: Jeff A. Greenwald, MAI, SRA, AI-GRS, ASA, FRICS, Senior Managing Director/Principal, IRR - San Diego Hotel markets brace for change
More informationHotel Association of North Texas. Karrie Keen Director, Destination and Trend Operations
Hotel Association of North Texas Karrie Keen Director, Destination and Trend Operations To view this presentation, go to HotelNewsNow.com and click on Industry Analysis then Hotel data presentations. Agenda
More informationPost Oak Blvd & San Felipe St
MEMORIAL PARK RIVER OAKS UPTOWN PARK FREEWAY WEST LOOP FOUR OAKS PLACE ASTORIA CONDOS BELFIORE CONDOS FOUR LEAF TOWERS BHP BILLITON HQ FRESH MARKET WESTBRIAR LANE 1.6 ACRE DEVELOPMENT SITE STREET FELIPE
More informationREASONS FOR HOTELIERS TO ACT NOW
MAY 2014 PRICE $500 IN FOCUS: REASONS FOR HOTELIERS TO ACT NOW Russ Rivard Managing Partner - HVS Dallas www.hvs.com HVS Dallas 2601 Sagebrush Drive, Suite 101, Flower Mound, TX 75028 With increasing demand,
More informationIndustrial Market Report
CLIENT FOCUSED. RESULTS DRIVEN. Lubbock Industrial Map Statistics The Lubbock industrial market continues to expand Southwest with the majority of new construction being in this sector followed by the
More informationThe Hotel Industry Outlook U.S. Hotel Transactions
The Hotel Industry Outlook U.S. Hotel Transactions Suzanne R. Mellen, MAI, CRE, FRICS, ISHC Senior Managing Director Hotel and Casino Consulting & Valuation HVS San Francisco, Las Vegas, Los Angeles 415-268-0351
More informationASIA PACIFIC SIGNIFICANT GROWTH OPPORTUNITIES FOR HOTEL CHAINS
JANUARY 2012 ASIA PACIFIC SIGNIFICANT GROWTH OPPORTUNITIES FOR HOTEL CHAINS Zhang Jiahao, ASSOCIATE HVS Singapore David Ling, CHAIRMAN HVS China & Southeast Asia www.hvs.com HVS Global Hospitality Services
More informationAn outdoor waterpark is a facility offering three or more waterslides and other aquatic facilities.
Methodology for Feasibility Studies for Waterparks By David J. Sangree, MAI, CPA, ISHC Before a developer or an organization considers constructing a new indoor or outdoor waterpark at a resort or standalone,
More informationTampa Bay Area Lodging Investment Update: As Good As It Gets HCHMA Trends & Forecasting Forum
Tampa Bay Area Lodging Investment Update: As Good As It Gets HCHMA Trends & Forecasting Forum Presented by Lou Plasencia July 26, 2018 PRESENTED BY Disclaimer We are presenting information today regarding
More informationQUARTERLY UPDATE 31 MARCH 2017
AUSTRALIAN PROPERTY OPPORTUNITIES FUND QUARTERLY UPDATE 31 MARCH 2017 The Australian Property Opportunities Fund (APOF I or the Fund) is pleased to provide this update for the March quarter 2017 (Q1 2017)
More informationIRR Viewpoint. Caribbean Hospitality Market Update 2 nd Quarter 2018 Report. By James V. Andrews MAI, CRE, FRICS, ASA/BV
IRR Viewpoint Caribbean Hospitality Market Update 2 nd Quarter 2018 Report By James V. Andrews MAI, CRE, FRICS, ASA/BV Caribbean Hospitality Market Update 2 nd Quarter 2018 Report By James V. Andrews,
More informationMARRIOTT BRANDS PERFORMANCE UPDATE
MARCH 14 PRICE $500 IN FOCUS: MARRIOTT BRANDS PERFORMANCE UPDATE Rod Clough, MAI Senior Managing Director www.hvs.com HVS Denver 413 S. Howes Street, Fort Collins, Colorado 521 ( ) eandrevpar AverageRat
More informationInvestor Briefings First-Half FY2016 Financial Results
Cedar Woods Properties Limited Investor Briefings First-Half FY2016 Financial Results 26 February 2016 Cedar Woods Presentation 2 Snapshot of Achievements in FY2016 Extensive portfolio of residential estates
More informationBenchmark. Middle East hotel benchmark survey report
Benchmark Middle East hotel benchmark survey report May 215 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationU.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND
MAY 2015 U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND Susan Furbay Vice President of Business Development HVS 369 Willis Avenue, Mineola, NY 11501, USA Years of rising average daily rates and demand,
More informationSTARWOOD BRANDS PERFORMANCE UPDATE
FEBRUARY 14 PRICE $500 IN FOCUS: STARWOOD BRANDS PERFORMANCE UPDATE Rod Clough, MAI Senior Managing Director www.hvs.com HVS Denver 413 S. Howes Street, Fort Collins, Colorado 521 ( ) eandrevpar AverageRat
More informationQuarterly Report Egypt Hotels Q Egypt Quarterly Review & Forecast 4 Key Cities
Quarterly Report Egypt Hotels Q1 2016 Egypt Quarterly Review & Forecast 4 Key Cities Contents Cairo... 3 Sharm El Sheikh... 4 Hurghada... 5 Alexandria... 6 2 Cairo SUPPLY Forthcoming pipeline in Cairo
More informationBenchmark. Middle East hotel benchmark survey report June 2015
Benchmark Middle East hotel benchmark survey report June 215 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationThere are currently 5,100 residential units approved or under construction within three miles
The average household income in The Galleria s primary trade area is $77,981 and more than 23% of the households have incomes over $100,000. Primary trade area residents are welleducated with 37% having
More informationMARKET AND OPERATIONS STUDY OF THE FOUR SEASONS BARBADOS HOTEL PROJECT
MARKET AND OPERATIONS STUDY OF THE FOUR SEASONS BARBADOS HOTEL PROJECT FRESHWATER BAY, BARBADOS Prepared For: INTER-AMERICAN DEVELOPMENT BANK November 4, 2011 Prepared by: Jones Lang LaSalle Hotels 2333
More informationPOLO FESTIVAL. In the Heart of Winnipeg s Busiest Retail Node, Polo Park Empress Street, Winnipeg, Manitoba AMPLE PARKING
In the Heart of Winnipeg s Busiest Retail Node, Polo Park P BUSY RETAIL NODE STRONG DAYTIME POPULATION GREAT ACCESS AMPLE PARKING WINNIPEG: GATEWAY TO THE WEST Winnipeg has a strong and diversified economy
More informationHotel Capitalization Rates Drop Again
Hotel Capitalization Rates Drop Again by: David J. Sangree, MAI, CPA, ISHC The Winter 2004 USRC Hotel Investment Survey of hotel investors indicates that discount rates and capitalization rates for both
More informationMichael Cahill Lodging Investment Industry Council SESSION 6
Michael Cahill Lodging Investment Industry Council SESSION 6 SESSION 6 1 2 3 4 5 6 7 8 9 10 SESSION 6 1 2 3 4 5 6 7 8 9 10 Mike Cahill CEO and Founder HREC - Hospitality Real Estate Counselors www.hrec.com
More informationPRESENTERS. Cliff Risman. Allen R, Wolff, Esq. Partner, Gardere. Executive Vice-President, Valencia Group
PRESENTERS Cliff Risman Partner, Gardere Cliff advises clients in the development, acquisition, financing, and operation of domestic and international hotel, resort, and mixed-use properties and the negotiation
More informationhotels our business & passion
hotels our business & passion ABOUT US Herbert Mascha ME Martin Schaffer MRP hotels supports owners, investors, developers, banks and hotel operators with a comprehensive range of consulting services for
More informationWESTPORT FESTIVAL. Retail, Hotel, Restaurant and Theatre Opportunity 3977 Portage Avenue, Winnipeg, Manitoba SUBSTANTIAL PARKING
Retail, Hotel, Restaurant and Theatre Opportunity P STRONG RETAIL NODE DOMINANT SIGNAGE GREAT ACCESS SUBSTANTIAL PARKING 233,000+ TRADE AREA EXCITING NEW DEVELOPMENT IN SPORTING AND RECREATIONAL HUB! In
More informationHospitality Firing on All Cylinders in 2016
Research & Forecast Report LAS VEGAS HOTEL Q4 2016 Hospitality Firing on All Cylinders in 2016 > > Visitor volume and gaming revenue are on track to hit new highs in 2016 Economic Indicators > > Room inventory
More informationCHEYENNE, WYOMING IN FOCUS: Sara Olson Senior Project Manager, HVS Denver. Katy Black Associate, HVS Denver.
APRIL 2014 PRICE $500 IN FOCUS: CHEYENNE, WYOMING Sara Olson Senior Project Manager, HVS Denver Katy Black Associate, HVS Denver www.hvs.com HVS Denver 413 S. Howes Street, Fort Collins, CO 80521 Cheyenne,
More informationThe Economic Impact of Tourism on Galveston Island, Texas
The Economic Impact of Tourism on Galveston Island, Texas 2017 Analysis Prepared for: Headline Results Headline results Tourism is an integral part of the Galveston Island economy and continues to be a
More information4.5 ACRES AT AIRPORT ROAD AND ROUTE 22- LEHIGH VALLEY
4.5 ACRES AT AIRPORT ROAD AND ROUTE 22- LEHIGH VALLEY 2940 AIRPORT ROAD BETHLEHEM, PA 18017 Joseph Genay, CCIM, LEED-AP Senior Advisor 484.245.1031 joseph.genay@svn.com SVN IMPERIAL REALTY 1611 POND ROAD,
More informationBurlington Colchester, Vermont OFFERING SUMMARY
Burlington Colchester, Vermont OFFERING SUMMARY the offering Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to offer, on an exclusive basis, the fee simple interest in the 187-room Hampton Inn Burlington
More informationWinnipeg Market Report
Winnipeg Market Report New hotel development in Winnipeg is picking up again By Bryce Witherspoon, Stevenson Advisors The opening of the Mere Hotel on Waterfront Drive (2013), the Homewood Suites by Hilton
More informationCORRAL CENTRE. BRANDON, manitoba
CORRAL CENTRE CORRAL centre Western Manitoba s Retail Destination Anchored by Walmart, Home Depot and Safeway, Corral Centre attracts national/ regional retailers and strong local merchants such as Future
More informationHVS Market Pulse: Salt Lake City, Utah
HVS Market Pulse: Salt Lake City, Utah January 3, 2017 By Katy Black, Ryan Mark Salt Lake City, Utah s capital and most populous city, dates its founding back to 1847. Since then, the city has realized
More informationMID ATLANTIC REGIONAL EDUCATION SESSION
MID ATLANTIC REGIONAL MEETING MID ATLANTIC REGIONAL EDUCATION SESSION CO-HOSTED BY QUESTEX Prepared by and republished with the express permission of Questex Thank You to Our Sponsors: Disclaimer AAHOA
More informationAcceleration of tourism
Belgrade 217 Tourism & Hotel Outlook Regulated by RICS Tourism & Hotel Market Outlook 217 LeRoy Realty Consultants 1 The growth of travel & tourism industry considerably outperforms that of the local economy
More informationMARKETBEAT RETAIL SNAPSHOT
Bil US$ MARKETBEAT RETAIL SNAPSHOT LAS VEGAS, NV A Cushman & Wakefield Research Publication Q4 2014 NATIONAL ECONOMIC OVERVIEW Like Floyd Mayweather in the final round of a championship match, the U.S
More informationThe Economic Impact of Tourism in Jacksonville, FL. June 2016
The Economic Impact of Tourism in Jacksonville, FL June 2016 Highlights Visitor spending surpassed $2.0 billion in 2015, growing 4.4%. As this money flowed through Duval County, the $2.0 billion in visitor
More informationHospitality Stays Strong
Research & Forecast Report LAS VEGAS HOTEL Q1 2016 Hospitality Stays Strong > > Visitor volume hit a new record in 2015, and is off to a good start in 2016 > > Gaming revenue continued to lag, but is becoming
More informationTotal Supply by Location, Q Existing Supply
CB RICHARD ELLIS Phuket Hotel www.cbre.co.th Second Quarter 29 Quick Stats Occupancy (%) Supply ADR RevPar Change in Q1 9 Change in Q2 9 The major factor in Q2 29 is the reduction in occupancy rates. Occupancy
More informationThe Economic Impact of Tourism in Buncombe County, North Carolina
The Economic Impact of Tourism in Buncombe County, North Carolina 2017 Analysis September 2018 Introduction and definitions This study measures the economic impact of tourism in Buncombe County, North
More informationFOR GROUND LEASE OR REDEVELOPMENT
9533 I- (KATY FWY) HOUSTON (HEDWIG ), TX 77024 F GROUND LEASE BUNKER HILL RD N PRIME INTERSTATE LOCATION Redevelopment opportunity Located directly on I- in Hedwig Village, the 3.65 acre property provides
More informationTHE PARK AT CANYON RIDGE
THE PARK AT CANYON RIDGE 272 UNITS NEAR DTC & FITZSIMONS DENVER, COLORADO EXECUTIVE SUMMARY HFF is pleased to present the opportunity to acquire The Park at Canyon Ridge ( Property ), a 272-unit, garden-style
More informationHospitality Market Snapshot Nairobi & Its Suburbs. June 2016
Hospitality Market Snapshot Nairobi & Its Suburbs June 2016 Kenya Nairobi In this issue 3 Nairobi Economic Overview Current Room Supply & Outlook 3 4 4 4 5 CBD 6 Westlands & Surrounds & Surrounds 7 Upper
More informationIRR Viewpoint. Caribbean Hospitality Market Update 1 st Quarter 2018 Report. By James V. Andrews MAI, CRE, FRICS, ASA/BV
IRR Viewpoint Caribbean Hospitality Market Update 1 st Quarter 2018 Report By James V. Andrews MAI, CRE, FRICS, ASA/BV Caribbean Hospitality Market Update 1 st Quarter 2018 Report By James V. Andrews,
More informationTOURISM AND HOSPITALITY IN ASIA PACIFIC. February 2018
TOURISM AND HOSPITALITY IN ASIA PACIFIC February 2018 AGENDA Trends in the hospitality sector in SE Asia / Global Demand Occupancy and room rates Supply Infrastructure Challenges & opportunities of hotels
More informationQuarterly Report Egypt Hotels Q Egypt Quarterly Review & Forecast 4 Key Cities 1 Hot Spot City
Quarterly Report Egypt Hotels Egypt Quarterly Review & Forecast 4 Key Cities 1 Hot Spot City Contents Cairo... 3 Sharm El Sheikh... 4 Hurghada... 5 Alexandria... 6 Hotspot: Ain El Sokhna... 7 2 Cairo Performance
More information2201 Lake Woodlands Drive Office Opportunity The Woodlands, Texas
PROPERTY FEATURES LOCATION FEATURES Freestanding, 2-story office building Building Size: ±24,000 RSF Typical Floor: ±12,000 RSF Single tenant or multi-tenant opportunities Parking: 3.5/1,000 RSF Concierge
More informationTHE VISION IS REALIZED
OCTOBER 2013 CLEARWATER BEACH THE VISION IS REALIZED Kristina D Amico Associate www.hvs.com HVS Miami 8925 SW 148 th Street Suite 216 Miami, Florida 33176 # of Visitors Per Year ('000s) Florida s West
More informationEconomic & Real Estate Outlook
Economic & Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentations at NAR Legislative Meetings Washington, DC May 17, 2018 Very Long Economic Expansion
More information3707 E Southern Ave 3707 E. Southern Ave., Mesa, Arizona 85208
For Lease Class B Office Building Up To 59,301 SF 3707 E Southern Ave 3707 E. Southern Ave., Mesa, Arizona 85208 Property Features Entire building (± 59,301 SF) available for single-user tenant Floor 1
More informationKitsap County Assessor
Narrative for Countywide Model Tax Year: 2018 Appraisal Date: 1/1/2017 Property Type: Lodging - Regular Stay, Stay, and Meeting Rooms Updated 5/22/2017 by CM27 Area Overview Countywide models are for properties
More informationNABHOOD 2018 SUMMIT AGENDA *Subject to Change
NABHOOD 2018 SUMMIT AGENDA *Subject to Change TUESDAY, JULY 24 Dress Code: Business 02:00pm-05:00pm Corporate Suite Set up. WEDNESDAY, JULY 25 07:00am -11:00am HBCU Golf Tournament Miami Beach Golf Club
More informationRenaissance ClubSport:
Renaissance ClubSport: The Concept of the Upscale Hotel/Health Club Unification By Kevin Patel, Senior Associate HVS San Francisco Business travelers in recent times have expressed a greater desire to
More informationThank you for participating in the financial results for fiscal 2014.
Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots
More informationHotel Retail-Mixed Use
Hotel Retail-Mixed Use Moderator: Jim Butler, Chairman, Global Hospitality Group Panelists: John Alderson, Development Director, Westfield Corporation Bruce Baltin, Senior Vice President, PKF Consulting
More informationRisk Mapping Technical Services. Asset Management. Aircraft Valuations Analysis. Member of ISTAT UK CAA Approval No. UK.MG.
Asset Management Risk Mapping Technical Services Aircraft Valuations Analysis Market Intelligence P2F Advisory Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Established in 1988, IBA is a
More informationSAN ANTONIO SELECT-SERVICE PORTFOLIO
O FFE R IN G S UMMA RY Hampton Inn Hampton Inn & Suites / Fairfield Inn & Suites NE/ INVESTMENT OVERVIEW Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp a Texas licensed real estate
More informationTOURISM AS AN ECONOMIC ENGINE FOR GREATER PHILADELPHIA
TOURISM AS AN ECONOMIC ENGINE FOR GREATER PHILADELPHIA 2015 Visitation and Economic Impact Report FINAL REPORT SUBMITTED TO: VISIT PHILADELPHIA 30 S. 17 th St, Suite 2010 Philadelphia, PA 19103 FINAL REPORT
More informationRisk Mapping Technical Services. Asset Management. Aircraft Valuations Analysis. Member of ISTAT UK CAA Approval No. UK.MG.
Asset Management Risk Mapping Technical Services Aircraft Valuations Analysis Market Intelligence P2F Advisory Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Established in 1988, IBA is an
More informationInventory Down, Occupancy Up
Research & Forecast Report LAS VEGAS HOTEL Q2 2015 Inventory Down, Occupancy Up > > Southern Nevada s hospitality market continues to re-tool for a new generation of visitors > > Room inventory is shrinking,
More informationDowntown Houston Hotels are losing their Sparkle Sometimes Bigger Isn t Always Better By Bruce H. Walker
Downtown Houston Hotels are losing their Sparkle Sometimes Bigger Isn t Always Better By Bruce H. Walker Houston s not hot, at least for hotel developers. We re oversupplied, and the market will not correct
More informationBUILDING INDUSTRY OUTLOOK 2018
BUILDING INDUSTRY OUTLOOK 2018 Welcome to the 2018 edition of Master Builders Building industry outlook, a snapshot of the state of Queensland s building and construction industry. Contents Foreword...3
More informationstimuli Breakfast Presentations Back to the Future: The Renaissance of Hotel-Retail and Other Mixed-Use
stimuli Breakfast Presentations Back to the Future: The Renaissance of Hotel-Retail and Other Mixed-Use Moderator: Jim Butler, Chairman, Global Hospitality Group Panelists: Guy Maisnik, JMBM Slide 3 Les
More information60 acres. Brazos Valley, walkable urban destination. work shop play connect. that redefine. creating a
page 00 60 acres that redefine Brazos Valley, creating a walkable urban destination where people congregate from across the region to work shop play connect page 2 Building a community destination for
More informationAloft - Element. By Marriott & starwood Hotel. SeaWorld Orlando, Florida
Aloft - Element By Marriott & starwood Hotel SeaWorld Orlando, Florida CONFIDENTIALITY AND DISCLAIMER The potential investments identified herein, if available, would be available only to an accredited
More information1.2% 3.5% 13.2% Inflation May 2017 y-o-y. Retail Sales, May 2017 y-o-y
City Report Q2 2017 1.2% 3.5% 13.2% GDP Growth Q1 2017 y-o-y Inflation May 2017 y-o-y Unemployment rate Q1 2017, Belgrade 489 11.1% 6.2% Net Salary May 2017, Belgrade Retail Sales, May 2017 y-o-y Industrial
More informationFlorida Hotels. Q Market Report. Accelerating success.
Q3 Florida Hotels Q3 2017 Market Report www.colliers.com Accelerating success. Florida Transaction Trends Hotel transaction volume in Florida has declined substantially since its post-recession peak in
More informationRIP REYNOLDS VP, Leasing & Commercial Land
PROPERTY FEATURES LOCATION FEATURES 66-acre mixed-use development on Lake Woodlands with retail, restaurants, five Class A office buildings, Embassy Suites by Hilton, One Lakes Edge luxury apartments and
More informationOFFICE FOR SALE. GINO VINCENT Vice President TURNKEY PROFESSIONAL OFFICE BUILDING
OFFICE FOR SALE GINO VINCENT Vice President 702.954.4113 gvincent@logiccre.com TURNKEY PROFESSIONAL OFFICE BUILDING PROPERTY OVERVIEW PROPERTY DETAILS Address: 1424 S. Jones Blvd., Las Vegas, NV 89146
More informationCrown Resorts Limited
Crown Resorts Limited Annual General Meeting 20 October 2016 1 Presentation Outline F16 Year in Review 2 Crown Resorts Limited Group Result F16 Normalised $m F15 Normalised $m Variance F/(U) F16 Actual
More informationTRENDS IN THE HOTEL Edition
TRENDS IN THE HOTEL INDUSTRY SA M PL E 2017 Edition TABLE OF CONTENTS Publisher s Message... i Credits... v Note to Readers... 1 Financial Tables... 2 Financial Summary... 37 State of the U.S. Spa Industry,
More informationRick S. Kirkbride. Los Angeles. Practice Areas. Admissions. Education. Partner, Real Estate Department
Rick S. Kirkbride Partner, Real Estate Department rickkirkbride@paulhastings.com Rick Kirkbride is a partner in the Real Estate practice of Paul Hastings and is based in the firm s Los Angeles office.
More informationUpscale Mixed-Use Development Along West Main Street
Upscale Mixed-Use Development Along West Main Street For more information, contact: JOHN PRITZLAFF Senior Vice President 434 234 8416 john.pritzlaff@thalhimer.com JENNY STONER Associate 434 234 8417 jenny.stoner@thalhimer.com
More informationFRED S STORE 12-YEAR / NN Kershaw, SC
FRED S STORE 12-YEAR / NN Kershaw, SC * Rendering of Actual Location * * Actual location not shown * Brand New - Upgraded Construction Pharmacy Location (Relo) Rent Commenced: October 2017 Located in Charlotte,
More informationBenchmark. Middle East Hotel Benchmark Survey Report June 2013
Benchmark Middle East Hotel Benchmark Survey Report June 213 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationOffices at the Crossing at Telfair 300 Promenade Way, (Highways 6 & 90) Sugar Land, TX 77478
Offices at the Crossing at Telfair 300 Promenade Way, (Highways 6 & 90) Sugar Land, TX 77478 Last Updated 8/6/2018 Work & play at this dynamic mixed-use development Multiple restaurants at your door-step
More informationThe Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2015
The Economic Impact of Tourism in North Carolina Tourism Satellite Account Calendar Year 2015 Key results 2 Total tourism demand tallied $28.3 billion in 2015, expanding 3.6%. This marks another new high
More informationFor Sale - NNN. 76 Gas Station with Car Wash & Auto Repair 750 N Escondido Blvd Escondido, CA Duane R. Bernard. Exclusively Offered By:
For Sale - NNN 76 Gas Station with Car Wash & Auto Repair 750 N Escondido Blvd Escondido, CA 92025 Exclusively Offered By: Senior Associate Property Overview Price $8,350,000 Lease Type NNN GLA 27,112
More informationERW. 022/ ACC003/ th February Subject: Management's Discussion and Analysis period ending 31 st December 2012
ERW. 022/ ACC003/56 26 th February 2013 Subject: Management's Discussion and Analysis period ending 31 st December 2012 Attention: The President, The Stock Exchange of Thailand Dear Sir, The Erawan Group
More informationThe Lazy Summer LAS VEGAS HOTEL Q Research & Forecast Report. Economic Indicators +3.8% Market Indicators
Research & Forecast Report LAS VEGAS HOTEL Q3 2017 The Lazy Summer > > Hospitality sales rebounded in the third quarter of 2017, but remained light overall > > Visitor volume continued to lag just behind
More informationUpscale and Boutique Trends
Upscale and Boutique Trends month, day year ascendcollection.com Economic Forecast: Modest Growth and Improving into 2014 Full-year 2013 GDP forecast range: +1.5% to +1.7%* Low chance of recession, with
More informationRestaurant Opportunities in Hughes Landing THE WOODLANDS, TX
Restaurant Opportunities PROPERTY FEATURES LOCATION FEATURES 66-acre mixed-use development on Lake Woodlands with retail, restaurants, five Class A office buildings, Embassy Suites by Hilton, One Lakes
More informationThe Economic Impact of Travel in Minnesota Analysis
The Economic Impact of Travel in Minnesota 2013 Analysis Overview 2013 Highlights Traveler Spending Traveler spending of $10.3 billion generated $17.6 billion in total business sales in 2013 as travel
More informationIntelligence Investment guidance. Managing aircraft. Delivering value Analysis. Member of ISTAT UK CAA Approval No. UK.MG.
Managing aircraft Intelligence Investment guidance Delivering value Analysis Technical expertise Operating globally Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Established in 1988, IBA
More informationState of the Economy St. John's Metro
State of the Economy St. John's Metro Published by: Department of Economic Development, Tourism & Culture City of St. John's Email: business@stjohns.ca Although every effort has been made to ensure the
More informationTransaction volume increases in 2017 amid steady regional hotel performance
MARKETVIEW Asia Pacific Hotels, H2 2017 Transaction volume increases in 2017 amid steady regional hotel performance US$103.4 220 bps US$73.5 US$11.7 Bn* Including deals worth more than USD 10m each, and
More informationThis document provides a summary of the Deloitte Access Economics Tourism and hotel market outlook. To access the complete edition or to discuss how
2014 Tourism and hotel market outlook Executive summary edition, July 2014 This document provides a summary of the Deloitte Access Economics Tourism and hotel market outlook. To access the complete edition
More informationTHE ENERGY OF AUSTIN.
A 25 ACRE MIXED-USE DEVELOPMENT THE ENERGY OF AUSTIN. THE LIFE ON THE LAKE. OPEN 2014 The Arboretum The Domain 2nd Street District Southpark Meadows Cypress South Shore Pointe Site The Waterfront Amli
More informationRED ROOF INN LACKLAND 6861 W US Highway 90 San Antonio, TX 78227
6861 W US Highway 90 San Antonio, TX 78227 1 EXECUTIVE SUMMARY VITAL DATA 2016 YEAR 1 Net Operating Income $382,858 $670,797 Loan Type All Cash Total Return 0.00% / $382,858 0.00% / $670,797 Ownership
More informationjenics CENTRALLY LOCATED Travelodge Bradford Central Valley Road Bradford BD1 4AF
To jenics Let 0161 832 2201 FREEHOLD INVESTMENT OPPORTUNITY CENTRALLY LOCATED Travelodge Bradford Central Valley Road Bradford BD1 4AF Purpose built 69 room Travelodge Hotel 25 year lease, 5 yearly uncapped
More informationFRED S STORE 12-YEAR / NN McDonough, GA
FRED S STORE 12-YEAR / NN McDonough, GA * Actual location shown * * Rendering of Actual Location * All Brick - New Construction 12-Year Lease Term Pharmacy Location Average Daily Traffic Count: 18K 62,749
More informationLender Ordered Sale Commercial Site +/- 56 Acres in Dawson County
Lender Ordered Sale Commercial Site +/- 56 Acres in Dawson County P of 9 Table of Contents For more information, please contact: Darrell Chapman V.P. The Industrial Group (404) 876-1640 x 111 DChapman@BullRealty.com
More informationAerCap Holdings N.V. Aengus Kelly, CEO. January 2017
AerCap Holdings N.V. Aengus Kelly, CEO January 2017 Industry Update Looking Back PASSENGER TRAFFIC GROWTH Air traffic growth in 2016 remained robust, short-haul at 5.6% and long-haul at 6.4% 1 CHINA SLOWING
More informationBenchmark. Middle East Hotel Benchmark Survey Report April 2014
Benchmark Middle East Hotel Benchmark Survey Report April 214 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More information