Steve Rushmore, founder of HVS Consulting delivered a presentation at the NYU International Hospitality Industry Investment Conference today that laid out an incredibly rosy near future for the hotel industry.

After the dismal 2006-2009 period when the value of an typical U.S. hotel room dropped from $99,000 to $56,000, the industry waited for the numbers return to pre-crash values. In 2012, the value reached $94,000 and 2013 should finally see the 2006 mark surpassed with a $106,000 average value; by 2015 this is project to rise to $133,000.

The industry will also see some shifts in major cities over the next three years, as New York will slip down in the rankings of value per room.

New York$320,000Oahu$665,000
San Francisco$306,000San Francisco$606,000
Washington, D.C.$255,000New York$565,000
Miami$226,000Los Angeles$314,000
Los Angeles$164,000Austin$259,000
San Diego$148,000San Diego$252,000
Denver$133,000San Jose$247,000

It’s not just about existing hotels, though: Rushmore pointed to record lows for hotel mortgage interest rates. He finished his presentation with the assessment: “Today is the best opportunity to buy, sell or develop hotels since 1991”

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