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Seventh Annual ALSD Design & Build Conference Highlights Hunden’s Data-Driven Predictions in Major League Sports Facilities
CHICAGO, August 8, 2023 (Newswire.com)
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Hunden Partners (Hunden), a full-service, national real estate development advisory practice, presented its latest State of the Industry findings at the 2023 Association of Luxury Suite Directors (ALSD) Design & Build Conference, which took place July 9-11, 2023, at the JW Marriott in Indianapolis. Hunden’s annual State of the Industry report highlights data-driven predictions and trends in major league sports facilities.
Rob Hunden, Hunden’s President & CEO, presented the findings to attendees, including statistics on facility development and renovation expenditures, specific profiles of all new and proposed major league facilities, and cost trends. Globally, the spectator sports market is a $185.34 billion industry in 2023, and premium seating and experiences are an essential contributor to revenue generation for pro and college teams.
“Premium seating directors are charged with managing one of the most crucial revenue sources at major venues, and it’s imperative that they stay abreast of trends, opportunities, and challenges affecting sports facilities and event hospitality,” says Hunden. “We’ve enjoyed our partnership with the ALSD and will continue to share our expertise to support its members’ success.”
Highlights from Hunden’s State of the Industry report include:
Hunden also presented insights on mixed-use district trends and the increasing role they play in funding and development models for new major league venues. Mix-used districts have been proposed or initiated in several major league efforts, including:
“Team owners see a diversified asset base of real estate as key to estate planning, especially if the team is their primary asset,” explained Hunden. “More important, these districts create a sustainable mixed-use neighborhood model if well-conceived and executed, as well as a basis for new tax funding streams for any public investment in the area.”
Rob Hunden’s full presentation, State of the Industry 2023, is available for download at https://hunden.com/downloads/
About Hunden Partners
Hunden Partners is a leading real estate and destination development consulting firm, with professionals in Chicago, San Diego, and Minneapolis. The firm offers a full range of advisory, market and financial feasibility, economic and impact analyses for specialty destination assets such as sports facilities, mixed-use, and entertainment districts, convention and expo centers, hotels, entertainment venues, theme parks, recreation facilities, and other economic development projects.
In addition, Hunden also provides the developer solicitation and selection experience to move projects from concept to funding and execution. Hunden’s clients include cities, states, universities, DMOs, authorities, and private developers. Hunden has worked on more than 1,000 studies and has had a hand in the development of more than $20 billion in open or underway projects around the world.
For more information, please visit: https://hunden.com
Contact Information:
Laura Sportiello
Vice President, Business Development
312-643-2500
Original Source:
Hunden Partners Presented State of the Industry Findings to Association of Luxury Suite Directors 2023
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GIMME Beauty's Aug. 7-11 sale, with a promotion for a free hair band, offers a wide variety of hair bands and brushes to fit every need.
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MagnaCaddy.com is thrilled to announce the launch of its groundbreaking innovation for golf enthusiasts – its cutting-edge phone holder designed to elevate the golfing experience
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The post Introducing MagnaCaddy, a Revolutionary Phone Holder for Golfers on the Green That Provides an Enhanced Golfing Experience first appeared on RSVTV news.
The post Introducing MagnaCaddy, a Revolutionary Phone Holder for Golfers on the Green That Provides an Enhanced Golfing Experience appeared first on IGP Beauty.
