National and Denver Hotel Market · 2016. 12. 7. · National and Denver Hotel Market - 2 - - 3 - Growth in U.S. Hotel Values ... $122. 25 $129. 48 YTD 2015 YTD 2016 ADR $96.2 8 $99.4

Brett Russell | [email protected]

Director of Business Development, Partner

@HVS_Consulting

National and Denver Hotel Market

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Growth in U.S. Hotel Values is SlowingSource: HVS and STR

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National Hotel Performance YTD thru OctoberSource: STR

78.8%

76.8%

YTD 2015 YTD 2016

Occupancy

2.5%

$122.25

$129.48

YTD 2015 YTD 2016

ADR$96.2

8

$99.45

YTD 2015 YTD 2016

RevPAR

5.9%3.3%

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Hotel Values Will Continue to Grow in Most U.S. MarketsChange in Value 2016-2019, Top 10

HuntsvilleLos Angeles/Long Beach 26% 21%

San Francisco/San Mateo

Las Vegas 24% 20%

Sacramento Winston-Salem 23% 20%

Boston Oakland 22% 20%

San Diego Charlotte 21% 20%

Source: HVS/STR Hotel Valuation Index

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Hotel Values Will Continue to Grow in Most U.S. MarketsChange in Value 2016-2019, Bottom 10

New York Cleveland12% 1%

Tallahassee Denver 12% 2%

Miami-HialeahMinneapolis/St. Paul 8% 4%

Hartford Milwaukee 3% 4%

Salt Lake City/Ogden Atlantic City 1% 4%

Source: HVS/STR Hotel Valuation Index

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Record Year for Major Hotel Transactions

Source: Real Capital Analytics (RCA)

YearNumber of

HotelsNumber of

Rooms

Average Price per

Room2006 723 143,835 190,3152007 753 160,108 174,3692008 286 49,089 175,9922009 80 16,999 121,1332010 241 50,332 184,7212011 450 91,106 192,3072012 377 74,654 189,1022013 488 109,159 196,0982014 749 127,723 208,6102015 762 134,970 249,316

2015/2016 Sep. 553 108,701 212,902

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Average Hotel Sales Price Per Room at Record Level

Source: Real Capital Analytics (RCA)

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

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Denver Market Overview

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2016 Denver & Colorado Sales

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Denver Available vs. Occupied Room NightsSource: STR, HVS

6,000,000

8,000,000

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AVAILABLE SOLD

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Denver Area New SupplySource: HVS

2016

2017

2018

2019

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Denver Occupancy ForecastSource: HVS, STR

75.7%

74.2% 72.8% 72.2%

72.6%

2015 2016f 2017f 2018f 2019f

- 14 -

Denver RevPAR ForecastSource: HVS, STR

$91.40 $93.68 $95.07

$93.42

$94.81

2015 2016f 2017f 2018f 2019f

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Denver’s Values Expected to Decline

- 16 -Superior results through unrivalled hospitality intelligence. Everywhere

Brett Russell

Director of Business Development, Partner

[email protected], +1 (720) 877-1376

@hotelskigolf

@HVS_Consulting