FOR IMMEDIATE RELEASE
Hotel Performance and Transactions Trends Stabilize in the Northeast; U.S. Hotel Appraisals Opens Hotel Consulting and Valuation Offices in Boston and Wilmington

New offices in Boston and the Delaware Valley bring state certified appraisal expertise to limited- and select-service hotels throughout New England and the Northeast.

March 11, 2011: As the national economy continues to emerge from the recent recession, performance trends for hotel markets in the Northeastern U.S. are beginning to settle. The stabilization of occupancy and average rate, the increased traffic from major demand drivers, and the widening of financing avenues is expected to generate a new stream of hotel builds, renovations, and transactions. To meet demand for hotel consulting and valuation services for the limited- and select-service sectors of the industry, U.S. Hotel Appraisals has opened two new offices in Boston and Wilmington.

“Our new office in Boston gives hotel stakeholders throughout New England a resource to help them move forward following the recession,” said Managing Director Brian Bisema. “This includes services such as appraisals and feasibility studies needed for the financing and refinancing of hotels. Our services are cost-effective while setting the standard for the industry, providing hotel owners and investors leverage now as well as down the road.”

“Wilmington, Philadelphia, and the entire Delaware Valley are poised for a resurgence,” said Jerod Byrd, Managing Director of the Wilmington office. “While a return to pre-recessionary performance may take some time, the trend toward stabilization has come sooner than some expected. U.S. Hotel Appraisals is staying on top of market performance and supply/demand trends to advise on where and when hoteliers should take action. To anyone considering a move in the limited- or select-service arena in Delaware, Pennsylvania, or New Jersey: call us—we know the region and are eager to help.”

The U.S. Hotel Appraisals offices in Boston and Wilmington help owners, developers, and investors with state certified expertise. Products and services include appraisals, market studies, and feasibility studies for limited- and select-service hotel assets. Both offices also collaborate with other U.S. Hotel Appraisals offices nationwide to conduct portfolio assignments.

U.S. Hotel Appraisals is the nation's largest hotel appraisal firm dedicated to the limited- and select-service sectors of the hotel industry. Please visit us at www.ushotelappraisals.com to learn how we can help with your next hotel venture.

• 
  Contact
  
  Jerod Byrd
  Managing Director, Wilmington
  1601 Concord Pike, Suite 70
  Wilmington, DE 19803
  Phone: (901) 481-3058
  Email: jbyrd@ushotelappraisals.com
• 
  Contact
  
  Brian Bisema
  Managing Director, Boston
  572 Boston Road, Unit #21
  Billerica, MA 01821
  Phone: (781) 454-8930
  Email: bbisema@ushotelappraisals.com