Luigi Major

Vice President, Houston at HVS

Luigi Major

Luigi Major, MAI has worked on appraisal and consulting assignments for more than 1,000 hotels and resorts throughout the U.S., Latin America, and the Caribbean, including work on several large-scale, international hotel portfolios and mixed-use developments. His work has helped build hotels, secure loans for hotel renovations and transactions, and guide plans for a wide variety of hotel ventures. His conclusions have held up under scrutiny, and many of his recommendations have come to fruition, attesting to Luigi’s standards for objectivity, organization, and analysis. His passion for the business of hotels speaks for itself, and you can rest assured that this complement of qualities will deliver the most comprehensive, insightful, and well-supported assistance on your next acquisition and development venture.

Luigi graduated from the University of Houston’s Conrad N. Hilton College of Hotel and Restaurant Management. He joined the HVS Dallas office in 2007 and also worked jointly with the HVS Mexico City office for a couple of years before transitioning to the HVS Houston office in 2012. In addition, Luigi has authored multiple articles on performance trends and dynamics of hotel markets. Luigi focuses on debt and equity financing for hotels. He is a Designated Member (MAI) of the Appraisal Institute.

In his free time, Luigi enjoys practicing yoga, CrossFit, and meditation, as well as learning French; he also loves to read. Living in Venezuela as a child left Luigi with an appreciation of Latin culture (as well as an undying accent), and travel continues to fulfill his desire to learn about new places and meet new people.

More about Luigi Major

Insights by Luigi Major (16)

COVID-19’s Impact on the Los Angeles Hotel Market

The Los Angeles hotel market, along with the rest of the world, experienced an unprecedented drop in demand in 2020 following the start of the COVID-19 pandemic. Hotel occupancy declined to 49% in 2020, compared to 80% in 2019, while average daily rate (ADR) decreased to $139 in 2020 from $181 the previous year.

U.S. Hotel Development Cost Survey 2020

In 2019, the national lodging market reached new heights, with hotels reporting the highest occupancy and ADR levels ever recorded. Similarly, hotel development continued at a steady pace, with new hotels opening to a burgeoning market and new and exciting projects continuously being moved through the development pipeline.

Impact of COVID-19 on the Tucson Hotel Market

As with the rest of the country, the Tucson lodging market has been negatively affected by the ongoing COVID-19 pandemic. After reaching an all-time peak in performance in 2019, following eight years of nearly year-over-year growth, hotel performance came to a screeching halt in early March when travel restrictions began to take place around the country.

Impact of COVID-19 on Los Angeles & Southern California Hotel Markets

Since December 2019, outbreaks of coronavirus (COVID-19) have led to global economic disruptions as cities and countries attempt to slow the spread of the disease by implementing lockdowns and social distancing measures.

U.S. Hotel Development Cost Survey 2018/19

In 2018/19, the national lodging market continued to climb to new heights, albeit at a more moderate pace than in previous years. In 2018, hotels in the United States operated at the highest occupancy and average rates ever recorded, with both metrics registering additional growth during the year-to-date July 2019 period.
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