Hotel & Leisure Advisors (H&LA), the well-known hospitality market research and consulting firm that tracks and reports on the waterparks industry, has been acquired by Architectural Design Consultants (ADCI), a Cleveland-based architecture and design firm.
H&LA will retain its existing brand and operation, with its president and founder, David Sangree, continuing in his role.
“This partnership… aligns two firms with distinct strengths to deliver a more comprehensive suite of services across the hospitality, leisure, and entertainment sectors,” the company said. “H&LA will continue to operate under its existing brand while leveraging ADCI’s creative and operational resources. “The firms will share strategic resources and explore new ways to deliver enhanced value through integrated project planning, feasibility, and design services.”
The companies expect new resources from ADCI to enhance the H&LA’s offerings, Sangree said.
“I look forward to continuing to serve the hospitality and leisure industries through this exciting new partnership, which will provide us with new sources of data, creativity, and facility planning to enhance our work product,” he said.
Added Justin Nagel, Vice President of Business Operations, ADCI: “Combining H&LA’s analytical rigor with our design innovation … allows us to approach every project from both an artistic and strategic perspective, ensuring our clients receive not only a beautiful design but a project concept that is both market-supported and financially feasible.”