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Author

Marcus R Lee

Vice President, Los Angeles

Marcus Lee

Marcus Lee, a Vice President with the HVS office in Los Angeles, has worked on numerous hotel consulting and valuation assignments throughout the west. He gained hands-on knowledge of luxury hotel operations at properties across the District, as well as international markets including London and Singapore. Marcus’ background in hospitality includes management positions with premier luxury hotels in the nation’s capital. He was formerly one of the Front Office Managers of The Jefferson Hotel, a historic boutique hotel in Washington, D.C, and he served in rooms management and guest-relations roles at the Capella (now Rosewood) and Ritz-Carlton hotels in Georgetown. In addition, he has worked for the Four Seasons, Mandarin Oriental, and Novotel hotel brands. Marcus earned a BA in International Relations and History from Boston University and a Masters of Tourism and Hospitality Administration from The George Washington University.

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Insights by Marcus R Lee (4)

COVID-19’s Impact on the San Diego Lodging Market

Amid a worldwide pandemic, the lodging industry is facing a downturn that is greater than the past two lodging-market declines combined. During the Great Recession, the greater San Diego[1] area's occupancy fell roughly six points from 70% in 2008 to 63% in 2009; this year, we forecast occupancy to drop from the 2019 benchmark of roughly 77% to 49%, reflecting a 36-point decline.

HVS Market Pulse: San Diego, CA

San Diego benefits from a diverse mix of demand generated by local corporations, government entities, meeting and group business, and leisure-related activity. Compression resulting from large conventions held at the San Diego Convention Center produces a significant number of room nights in the market on an annual basis.

Market Pulse: Annapolis, MD

Annapolis, Maryland's capital, is a historic seaport located 30 miles south of Baltimore and 30 miles northeast of Washington, D.C. Annapolis relies on tourism, state and local government activity, and renowned institutions of higher education for its economic livelihood.

HVS Market Pulse: Richmond, VA

Richmond, the state capital of Virginia, thrives on economic energy primarily driven by entities in the fields of law, finance, and tourism. Home to the Fourth Circuit of the U.S. Court of Appeals, the Federal Reserve Bank, and nearly a dozen Fortune 500 companies, Richmond's hotel demand generators also include tourism draws such as craft breweries and world-class museums of art and science.
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