Press Releases

Spring 2009 - Real Estate Finance & Investment

HQuant, and Ithaca, N.Y.-based quantitative advisory company that specializes in the hotel sector, wants to put together the first cash flow swaps on hotels. "The dfining feature of the hotel sector is the uncertainty of the income stream," said Daniel Quan, principal and co-founder.

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Spring 2008 - CMBS World: Lodging Property Derivatives and the HQuant Lodging Index

Lodging properties are widely viewed as one of the riskiest real estate asset classes. Investors must not only face the risk of falling property values, a concern common to all commercial real estate investments, but they must cope with the added risk associated with lodging properties' volatile rental income stream.

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June 7, 2007 - Morgan Stanley: The HLI Index: Hotel Sector Derivatives

Since the publication of our article "Commercial Property Indexes: Choosing from the Menu" (March 2007), there has been another entrant to the array of choices, the HQuant Lodging Index (HLI). HLI provides daily data on average daily rates (ADRs) and RevPAR (revenue per available room) on more than 3 million hotel rooms making up 68% of the US total, according to HQuant. Smith Travel Research (STR) provides the statistics to HQuant.

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May 14, 2007 - Press Release: Real Estate - Finance & Investment

HQuant LLC has launched HQuant Lodging Index, the first commercial real estate index that will allow investors to take long and short positions on the hotel sector. The index will allow investors to buy and sell derivative contracts that are tied to the perfomance of the U.S. hotel industry, said Daniel Quan, co-founder. HQuant is also seeking dealers to assist in the firm in setting up derivatives contracts.

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May 11, 2007 - Commercial Mortgage Alert - www.CMAlert.com

Cornell University professor Daniel Quan has co-founded a firm that is launching an index aimed at helping B-piece buyers and traders gauge the performance of the hotel industry.

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May 10, 2007 - Press Release: Commercial Real Estate Direct.com

Commercial Real Estate Direct Special Report
Dan Quan and Steven Carvell, both of Cornell University, have formed HQuant LLC, to develop a series of indexes that track the hotel sector. Their company is in the process of lining up partners that would execute trades based on the indexes.

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May 9, 2007 - Press Release: Morgan Stanley CMBS New Products:

HQuant LLC announced at the Morgan Stanley CMBS New Products Conference in Manhattan, the introduction of the HQuant Lodging Index (HLI), a new sophisticated investment tool for investors who wish to participate in the future performance of the hotel industry without investing in the underlying real estate. The HQuant Lodging Index, the first of its kind, will provide detailed information on seasonally adjusted hotel average daily rates (ADR) based on data collected on more than 3 million U.S. hotel rooms, or approximately 68 percent of the nation's total.

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