Justin Westad

Vice President at HVS Minneapolis

Justin WestadAs a Vice President with HVS Minneapolis, Justin Westad has extensive experience throughout Upper-Midwestern markets. In addition to his work in Minneapolis, Justin focuses on appraisal and market/feasibility assignments in Kansas City, Des Moines, and St. Louis. These assignments have ranged from rural, budget motels to luxury/trophy assets in downtown districts. Justin’s past work in hotels and hospitality real estate includes positions with Marcus & Millichap’s National Hospitality Group in Chicago, where he specialized in disposition and advisory services for hotels across 13 states, and at the Trump Tower in Chicago. Justin graduated magna cum laude from the School of Hospitality at DePaul University with a BS in Lodging and Revenue Management. Following graduation, Justin has taken part in many speaking and mentoring engagements for the School of Hospitality Leadership at DePaul. He holds a Certification in Hotel Industry Analytics (CHIA) and is a licensed appraiser in multiple states.

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Insights by Justin Westad (6)

HVS Market Pulse - Minneapolis-St. Paul

Prior to the COVID-19 pandemic, the greater Minneapolis-St. Paul region experienced significant increases in new supply and high levels of demand attributed to major one-time events such as Super Bowl LII in 2018 and the NCAA Men's Final Four Basketball Tournament in 2019.

HVS Market Pulse: Minneapolis-St. Paul Lodging Market Perceptions

For this article, we will focus on three major submarkets within the Twin Cities metro area: Minneapolis, St. Paul, and Bloomington. These three cities host the largest inventory of hotel rooms, and each offer their own unique amenities and demand generators necessary for the successful operation of a hotel.

HVS Market Pulse: Rochester, MN – Medicine at the Forefront of Development

The healthcare sector is the cornerstone of the Rochester market, represented largely by entities such as the Mayo Clinic, Saint Mary's Hospital, and Rochester Methodist Hospital, which is visited by over 1.

HVS Market Pulse: Minneapolis - After the Super Bowl

Surrounded by the beauty of lakes and the Mississippi River, Minneapolis is home to many Fortune 500 companies and more than 11,000 hotel rooms. High quality of life, diversity of employers, and leisure attractions continue to entice demand and an ensuing level of hotel development to the area.

Market Pulse: Minneapolis - St. Paul, MN

Some 3.6 million residents, 16 Fortune 500 companies, and attractions like the Guthrie Theater and Mall of America drive the economy in the Minneapolis-St. Paul MSA, which includes the Minneapolis, St.
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