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Hotel & Leisure Advisors

Hotel & Leisure Advisors

14805 Detroit Avenue
Suite 420

Cleveland, Ohio 44107

Phone(216) 810-5800

Website https://hladvisors.com

► Contact Hotel & Leisure Advisors

Expert WitnessLitigation SupportSpeaker
Hotel & Leisure Advisors is a hospitality consulting firm specializing in appraisals, feasibility studies, impact analyses, economic impact studies, and litigation support for hotels, resorts, waterparks, casinos, conference and convention centers, golf courses, ski resorts, amusement parks, and other leisure real estate.

Services

Hotel & Leisure Advisors offers the following services:

- Market Feasibility & Financial Analysis
This study is prepared for proposed projects or for existing properties being considered for significant changes. Our study makes financial projections and determines the feasibility of the project.

- Hotel and Waterpark Appraisals
H&LA utilizes sophisticated hospitality valuation models that provide detailed analysis of a market to determine the value of a property. Our analysis considers all three approaches to value.

- Impact Analysis
H&LA works with major hotel brands to examine the effects of a franchise hotel entering a market where a same brand hotel is already in operation.

- Economic Impact Study
An economic impact study analyzes temporary and permanent effects on the local economy from the development and operation of a new hotel or resort.


Litigation Support Services

Hotel & Leisure Advisors offers expert witness testimony in litigation cases involving the hospitality industry. Our consultants have testified in multiple states concerning hotel, waterpark, and hospitality-related projects. As expert witnesses, we provide specialized hospitality experience and proven research strategies. Our consultants are available to testify at any state or federal court, Board of Revision, Board of Tax Appeal, zoning hearing, or other legal proceeding.

Areas of Expertise

Additional Expertise:

Leisure Real Estate

Profile

H&LA's expertise is in the feasibility analysis, appraisal, and valuation of hotels, resorts, indoor waterpark resorts, waterparks, amusement parks, conference centers, ski resorts, casinos, land, and golf courses. He has completed studies on more than 2,000 existing and proposed properties in more than 46 states. He has prepared hotel studies for all chain scales, including economy, limited service, full-service, extended-stay, upper upscale, luxury, and resorts, and indoor waterpark resorts.

Consulting Practice

All States

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Professional Experience

David J. Sangree, MAI, CPA, ISHC is President of Hotel & Leisure Advisors, Cleveland, Ohio. Other positions include:

• Director of Hospitality Consulting and Principal, US Realty Consultants, Inc., Cleveland, Ohio, 2001-2005

• Director of Hospitality Consulting, US Realty Consultants, Inc., Columbus, Ohio, 1992-2001

• Financial & Training Consultant, Malawi National Credit Union League (US Peace Corps), Malawi, Africa, 1989-1991

• Senior Consultant in the Hospitality Group, Pannell Kerr Forster, Chicago, Illinois, 1987-1989

• Management positions with Westin Hotels and Resorts in Cincinnati, Chicago, New York, and Fort Lauderdale, 1983-1987


Licenses

Our consultants hold certified general real estate appraiser licenses in Ohio, Illinois, Kentucky, New York, Michigan, Pennsylvania, Texas, and Wisconsin. Temporary licenses are available in all other states.


Affiliations

• Appraisal Institute, MAI (Former President, Northern Ohio Chapter)
• Cornell Hotel Society (Past Treasurer – Chicago, IL chapter)
• Cornell University Real Estate Council
• International Association of Amusement Parks and Attractions
• International Society of Hospitality Consultants
• National Golf Foundation
• National Ski Areas Association
• Ohio Hotel and Lodging Association
• The School of Hospitality Business at MSU Real Estate & Development Advisory Council
• The Appraisal Journal Review Panel
• Urban Land Institute
• World Waterpark Association
• National Association of RV Parks and Campgrounds


Qualifications

Litigation Assignments Involving Expert Testimony

Board of Revision of Cuyahoga County (2020)
Re: Hampton Inn Brooklyn, Ohio

Board of Revision of Cuyahoga County (2019)
Re: Doubletree Cleveland, Ohio

Board of Revision of Medina County (2019)
Re: Fairfield Inn & Suites, Medina, Ohio

State of Wisconsin Circuit Court (2019)
Re: American Transmission Company LLC vs Helugus, LLC, Sauk County, Wisconsin

District Court of Moore County (2018)
Re: Holiday Inn Express, Dumas, Texas

Ohio Board of Tax Appeals & BOR (2018, 2015, 2013)
Re: Thistledown Racetrack, Warrensville Heights, Ohio

Boone County Board of Revision (2015)
Re: Turfway Park, Florence, Kentucky

Lancaster County Common Pleas Court (2014)
Re: Sight and Sound Theater, Strasburg, PA

Somerset County Common Pleas Court (2013)
Re: Hidden Valley Resort, Somerset, PA

Ohio Board of Tax Appeals (2013)
Re: Shoreby Club, Bratenahl, Ohio

Ohio Board of Tax Appeals (2013)
Re: Maui Sands Hotel, Sandusky, Ohio

Hamilton County Board of Revision (2012)
Re: Five Seasons Country Club, Cincinnati, Ohio

Cuyahoga County Board of Revision (2012)
Re: 3 McDonald's Restaurants in Cuyahoga County, Ohio

U.S. Bankruptcy Court (2012)
Re: Holiday Inn Express Houston, Texas

Franklin County Board of Revision (2012)
Re: Hilton Garden Inn & Comfort Suites Columbus, Ohio

State of Tennessee Administrative Court (2012)
Re: Embassy Suites Murfreesboro, Tennessee

Clark County District Court (2012)
Re: Stallion Mountain Country Club, Las Vegas, Nevada

State of Michigan Tribunal (2011)
Re: Radisson Hotel, Kalamazoo, Michigan

Franklin County Board of Revision (2011)
Re: Sheraton Suites, Columbus, Ohio

Nebraska Tax Equalization and Review Commission (2011)
Re: LaVista Conference Center, LaVista, Nebraska

State of Virginia Circuit Court (2011)
Re: Keswick Club, Charlottesville, Virginia

Licking County Board of Revision (2010)
Re: Cherry Valley Lodge and CoCo Key Indoor Waterpark, Newark, Ohio

Ohio Board of Tax Appeals (2010)
Re: Doubletree Hotel, Independence, Ohio

Ohio Board of Tax Appeals (2010)
Re: Courtyard Hotel, Willoughby, Ohio

San Diego Superior Court (2010)
Re: La Costa Resort and Spa, Carlsbad, California

Board of Revisions Tax Appeal (2010)
Re: Crowne Plaza and Fairfield Inn, Sharonville, Ohio

United States Bankruptcy Court (2010)
Re: Peek ‘n Peak Resort, Findley Lake, NY

Board of Review Tax Appeal, Lake Delton, Wisconsin (2009
Re: Great Wolf Lodge Wisconsin Dells

Board of Revisions Tax Appeal (2008)
Re: Residence Inn, Cleveland, OH

Marion County Indiana Superior Court (2008)
Re: Indiana Stadium and Convention Building Authority vs. Michael A. Maio

New York Supreme Court, Niagara County (2008)
Re: Splash Outdoor Waterpark

State of Virginia Circuit Court (2005 and 2008)
Re: Keswick Club, Charlottesville, Virginia

Board of Revision Tax Appeal (2006)
Re: Five Seasons Country Club, Cincinnati, Ohio


Awards & Honors

Recognizing David Sangree as an industry leader, Aquatics International twice named him, most recently in 2019, in their “Power Issue” of the most powerful people in the aquatics industry. In 2016 the World Waterpark Association honored him with their Executive Board Award. Both of these awards signify David's commitment to the waterpark industry and identify him as helping to shape some of the latest trends.


Seminars & Training

“Global Valuation,” International Society of Hospitality Consultants webinar, June 2020

“Waterpark Resorts Market/Feasibility Analysis and Appraisal” presentations at the World Waterpark Association annual conventions in 2003 through 2019

“Virtual Reality Entertainment in Hotels,” InfoComm Annual Conference, 2019

“Hotel Valuation Techniques,” Institute for Professionals in Taxation annual Property Tax Symposium, 2018

“Ohio Lodging Overview,” Ohio Hotel & Lodging Association Annual Meeting, 2017

“Hotels & Waterpark Industry – Insights, Trends and Valuation Keys” May 2016 at the Appraisal Day Seminar by the International Right-of-Way Association, Columbus, OH

“Revenue Management-to Do List” Nov. 2014 at NATHIC Hotel Investment Seminar, Chicago, IL

“The Food Revolution” Nov. 2013 for NATHIC Hotel Investment Seminar, Chicago, IL

“Waterparks and Resorts Outlook” April 2013 for Aquatics International webinar

“Hotel Valuation Seminar” October 2012 at the Integra Realty Resources appraiser training, Las Vegas, NV

“Suburban Hotels Panel” July 2012 at the Midwest Lodging Investors Summit in Chicago, IL

“Overview of Cleveland Lodging Market” April 2012 at the Ohio Hotel and Lodging Association Cleveland Lodging Council Meeting, Cleveland Ohio

“Cleaning up Hotel Distress” July 2011 at the Midwest Lodging Investors Summit, Chicago, IL

“Valuation Issues Affecting Hotel Properties in the Current Real Estate Economy” August 2010 at the Institute for Professionals in Taxation in Cleveland, OH

“Indoor Waterpark Resorts: Where Are the Opportunities?” July 2010 at the Midwest Lodging Investors Summit, Chicago, IL

“Opportunities for Innovation” April 2010 at the Cornell University School of Hotel Administration's Hotel Ezra Cornell (HEC) conference, Ithaca, NY

“Case Study Presentation on Performing a Market Feasibility Study” October 2009 at the International Society of Hospitality Consultants annual conference, Québec City

“Insights into 2010 Market Performance” October 2009 – a video segment on Hotel News Network interviewing Mr. Sangree along with other leading ISHC consultants

“Hotel Financing Track – Taking Advantage of Distress: Where are the Opportunities?”, July 2009 at the Midwest Lodging Investors Summit, Chicago, IL

“Seminar on Hospitality Industry” February 2008 at the Northern Ohio Chapter of the Appraisal Institute quarterly meeting, Cleveland, OH

“Challenges of Obtaining Financing for Indoor Waterpark Resorts,” November 2007 at the World Resort Leadership and Development Conference, Orlando, FL

Port Clinton Ohio City Council Meeting, Provided description of resort feasibility study and economic impact study performed for the city council and attendees in September and October, 2007

“Water Park Wars” An in depth news segment on Good Morning America on June 23, 2007 featured Mr. Sangree as an interviewee

“Feasibility Analysis for Indoor Waterpark Resorts,” October 2006 at Cornell University's School of Hotel Administration Development Class


Publications

“COVID-19 Impact on U.S. Waterparks,” Hotel Online, August 2020
“Waterpark Financing Fundamentals,” World Waterpark Association, June 2020
“U.S. and Canada Waterpark and Resort Trends in 2020,” World Waterpark Magazine and Hotel Online, April 2020
“Diving into Waterpark Growth Trends in 2019,” World Waterpark Magazine and Hotel Online, April 2019
“Waterparks: What's on Deck in 2018?” World Waterpark Magazine and Hotel Online, April 2018
“2017 Waterpark Forecast: Continued Growth,” World Waterpark Magazine and Hotel Online, April 2017
“2016's Waterpark Forecast: Bigger is Better,” Hotel News Now and World Waterpark Magazine, March 2016
“2015 Indoor and Outdoor Waterpark Supply Continues Growth as Surf Simulators Take Center Wave,” Hotel News Now, April 2015


Education

Bachelor of Science, Hotel Administration, Cornell University, 1984
Various International Society of Hospitality Consultants, Appraisal Institute, & Certified Public Accountant (CPA) continuing education courses




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