2013 Manhattan Hotel Market Overview

By Roland deMilleret/HVS

2013 Manhattan Hotel Market OverviewNew York – 03 June 2013 – HVS Global Hospitality Services, in cooperation with New York University’s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, is pleased to present the 16th annual Manhattan Hotel Market Overview. As of March 2013, there were a total of 348 hotels in the Manhattan market encompassing approximately 82,000 rooms. During the 12-month period ending March 2013, these hotels achieved an overall occupancy of 86.7 percent at an average rate of approximately $280.00, compared to an occupancy level of 61.6 percent at an average rate of $107.00 for the nation.

PDF download: http://www.hospitalitynet.org/file/152005110.pdf

Roland de Milleret, MAI is Senior Vice President of the New York office. Since joining HVS in January of 1999, he has provided consulting and appraisal services to over 1,200 hotels and resorts in the United States, Mexico, and the Caribbean. His industry expertise includes market studies, feasibility analysis, appraisals, development consulting, and negotiation of management agreements. Roland specializes in the Manhattan lodging market and has worked on more than 160 assignments in Manhattan alone in the last three years. He has completed assignments on some of Manhattan’s most prestigious hotel projects including the Four Seasons Wall Street, the Standard, the Gansevoort Park, the Mondrian, the Gramercy Park, the London NYC, the Trump SoHo and the Shangri-La. Roland has appraised all the recent major transactions that occurred in New York, including the Mandarin Oriental, the W Union Square, The Plaza, the Waldorf=Astoria, the Hilton Towers, and the Doubletree Times Square. Roland is a Designated Member of the Appraisal Institute (MAI) and a state certified general appraiser. He is an adjunct professor at NYU School of Continuing and Professional Education where he has been teaching a course on hotel development every spring semester since 2007.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s