HVS HOTEL DEVELOPMENT COST SURVEY 2010

In challenging real-estate investment periods, land is often the development component that experiences the greatest decline. A 2010 publication of the Federal Reserve that analyzed land prices in 23 MSAs across the United States described ... With the improvement in the hotel fundamentals in 2010, planning for new hotel construction is gaining momentum. Once again, hotel construction is expected to compete with other real-estate development and, by the end of 2011, ...

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