NEW YORK HVS International, a hospitality consulting firm, has released its annual list of top markets in the U.S. for buy/build opportunities, selling opportunities, as well as a list of predictions for the near future of the industry.
According to HVS, the top three buy/build markets include Detroit, Los Angeles and Tampa while the top three sell markets include Salt Lake City, Phoenix and Albuquerque, NM. The companys predictions for the near future include the assertion that multi-brand franchise companies will start selling off some of their brands because of massive lawsuits due to disgruntled owners and impact issues. HVS also believes that luxury brands will emerge in the next several years, that the present consolidation of hotel companies will stop and that U.S. hotel companies will focus on foreign expansion. (1/11/01)