Hotel Online  Special Report

David J. Sangree Forms New National Hospitality
Consulting Firm: Hotel & Leisure Advisors
Hotel & Leisure Advisors is a hospitality consulting and appraisal firm focused on hotels, indoor waterpark resorts, outdoor waterparks, resorts, and the leisure real estate market. President David J. Sangree, MAI, CPA, ISHC, is an experienced appraiser and recognized expert in the hospitality field.


CLEVELAND, OCT. 1, 2005 - David J. Sangree, MAI, CPA, ISHC announces the formation of hospitality consulting firm Hotel & Leisure Advisors. 

Based in Cleveland, Hotel & Leisure Advisors (H&LA) specializes in appraisals, feasibility studies, and impact analysis for the hospitality industry including hotels, resorts, indoor and outdoor waterparks, golf courses, amusement parks, conference centers, and other leisure properties. A national firm, H&LA provides expert hospitality consulting and appraisal services to owners of leisure properties, developers, lenders, management companies, attorneys, real estate consultants, and other interested parties. 

All consultants have degrees in hospitality management, coursework in real estate analysis, and appraisal experience. They have performed studies on hotels and other leisure properties in more than 40 states and on over 1,000 properties.  The consultants have more than 50 years of combined hospitality consulting and hotel experience.   The staff includes David J. Sangree, President; Joseph Pierce, Senior Associate; Laurel Keller, Associate; Kyle Mossman, Researcher; and Laura Sangree, Business Manager.

The consultants have performed appraisals and feasibility studies on more than 100 indoor waterpark resorts in the United States and Canada and have visited nearly all open indoor waterpark resorts.   David Sangree will be a speaker at the World Waterpark Association international conference in Las Vegas in October, at the International Association of Amusement Parks and Attractions conference in Atlanta in November, and at the America's Lodging Investment Conference in Los Angeles in January, 2006, focusing on hotels and indoor waterparks resorts.  He has written numerous articles for, and is frequently quoted in, magazines and newspapers covering the hospitality and waterpark fields.

David Sangree, President, was the Director of Hospitality Consulting with US Realty Consultants in Cleveland and Columbus.  Previously, he worked for Pannell Kerr Forster in Chicago, and Westin Hotels in Chicago, New York, Fort Lauderdale, and Cincinnati.  Mr. Sangree received his Bachelor of Science degree from Cornell University School of Hotel Administration in 1984.  He became a certified public accountant in 1989, an MAI in 1995 and a member of the International Society of Hospitality Consultants in 1996. 

Since 1987, Mr. Sangree has provided consulting services to banks, hotel companies, developers, management companies, and other parties involved in the lodging sector throughout the United States, Canada, and the Caribbean. 

Joseph Pierce, Senior Associate, joins H&LA from US Realty Consultants where he was a hospitality consultant and appraiser.  He has a wide range of experience in operations, accounting, and management in hotels and resorts including Clarion Hotel Cleveland Airport West; Renaissance Cleveland Hotel; South Bend Marriott; The Talbott Hotel, Chicago; and Westin Hotels in Rosemont, Illinois and Detroit, Michigan.  Mr. Pierce received a Master of Business Administration in Hospitality Management from Michigan State University in 1981 and a Bachelor of Science in Accounting from State University of New York at Brockport in 1978.

Laurel Keller, Associate, joins H&LA from US Realty Consultants where she was a hospitality consultant and appraiser.  Prior to that Ms. Keller held management positions with Sheraton Airport Hotel and Sheraton City Center Hotel, Cleveland, Ohio and Avon Oaks Country Club, Avon, Ohio.  Ms. Keller earned a Bachelor of Science in Hospitality Management from Purdue University in 1997.

Kyle Mossman, Researcher, investigates various hospitality related topics for the firm and performs reviews and math checks of reports. His previous research experience is with US Realty Consultants of Cleveland.  He is obtaining his Masters in Library and Information Science from Kent State University.

Laura Sangree, Business Manager, holds an MBA from the University of Chicago and was previously employed by Information Control Corporation, National Church Residences, and Continental Bank. 




David J. Sangree, MAI, CPA, ISHC 
Hotel & Leisure Advisors 
  14805 Detroit Avenue, Suite 420
  Cleveland, Ohio 44107-3921
Phone: 216-228-7000
  Fax: 216-228-7320
  Web Site:

Also See: Hotel Capitalization Rates Drop Further / May 2005
Cleveland’s Lodging Market: A Slow Climb Back / David J. Sangree & Joseph Pierce/ February 2005
Indoor Waterpark Resorts Continue Impressive Growth in ‘05; a Viable Segment of the Travel / David J. Sangree / January 2005
Indoor Waterpark Resorts Expand Nationwide / David J. Sangree / April 2004
Appraisal and Financing of Indoor Waterpark Resorts / David J. Sangree / October 2003
Cleveland Lodging Market at Bottom with Improvement Predicted / US Realty Consultants, Inc. / January 2004
Hotel Capitalization Rates Drop Again / David J. Sangree, MAI, CPA, ISHC / April 2004
Hotel Capitalization Rates Drop / David J. Sangree, MAI, CPA, ISHC / February 2003

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