Industry Focus

Hospitality & Hotels

From Strip resorts to select-service and extended-stay — an operationally intensive asset class.

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Overview

Hospitality in a global destination

As a premier global tourism and convention destination, the Valley supports hospitality from Strip resorts to off-Strip select-service and extended-stay serving conventions, sports, and leisure. Operations and demand drivers make hospitality distinct.

What drives value

  • RevPAR, occupancy and average daily rate (ADR)
  • Brand/flag and management
  • Proximity to demand generators
  • Capital reserves and PIP obligations

Lease & deal structure

  • Franchise agreements and property-improvement plans (PIPs)
  • Management contracts and operating intensity
  • Boutique and extended-stay underwriting differs
  • Sensitivity to tourism cycles

Las Vegas market note

From Strip resorts to airport- and convention-adjacent select-service and extended-stay, hospitality demand tracks conventions, sports, and leisure travel.

How we help

We advise on acquisition and disposition, underwrite flag, PIP and management impacts, and connect the right operators and capital.

Want the numbers for your sector?

We'll pull current, submarket-level data and comparables for your specific asset type — just ask.

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Advising in Hospitality?

Tell us your goals and we'll bring the strategy, the market data, and senior-level attention.

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