HVS Alumni Website
March 2010 Sign up to automatically receive HVS mailings
WELCOME MESSAGE
Dear Alumni,

2010 brings a new ray of hope for us in the hospitality industry.

As governments around the world collaborate and introduce measures to stabilize and stimulate the financial markets, a brighter global economy is anticipated for 2010. According to the latest EIU report, a turnaround in GDP from -2.5% in 2009 to +2.5% is projected in 2010 for the world’s largest economy (the U.S.). Similarly, for Japan, GDP is forecast at +1.4% in 2010 after suffering a -5.5% adjustment the year before. China’s economy is expected to continue to propel forward, by +9.6% in 2010 after a stellar +8.7% last year.

HVS partners from around the world met recently in San Francisco to discuss the firm’s strategy going forward. Despite having just gone through one of the most challenging years, the partners’ summit was a remarkable experience. It was characterized by a high level of energy, commitment, and determination to bring HVS to greater heights, and enhance its reputation as a leading hospitality consultancy firm worldwide. Much enthusiasm was in evidence to share and embrace best practices, and a relentless spirit to pursue excellence pervaded the gathering.

As an international firm with a global perspective, the quest to expand our presence and leadership in various parts of the world continues. We are pleased to mark the 30th anniversary with 30 HVS offices around the world. In 2009, two offices were established: HVS Lima in Peru, led by Graciana Garcia Iribarne, and HVS Bahamas in the Caribbean, headed by Parris Jordan. These events were made possible through the vision of the firm’s Founder and President, Steve Rushmore, who continues to motivate aspiring associates to establish long-term careers with HVS and to grant them the opportunity to become partners through the establishment of new offices and services.

Cross-border experiences have also played a role in career development opportunities for HVS associates. As Managing Director of HVS Singapore, I have fond memories of numerous associates joining us in Asia from other parts of the world. They have included our alumni, Nevius Glussi, previously with HVS New York and HVS Singapore, and now a partner of Limetree Capital Hong Kong; Hala Matar Choufany, now Managing Director of HVS Dubai following her stint with HVS London and HVS Shanghai; Marc Kramer (ex-HVS London), Director and Head of the HVS Consulting & Valuation division based in Singapore; Dan Voellm (ex-HVS New York), Director of HVS Hong Kong; Adeline Phua (ex-HVS Singapore), Associate Director of HVS Shanghai; and Michael Schwarz (ex-HVS London), Associate Director of HVS Beijing.

May I wish all HVS alumni and colleagues a brilliant New Year!

Sincerely,

David Ling
Managing Director
dling@hvs.com
 
 
HVS CELEBRATES 30 YEARS!
Please join us around the world this year as we celebrate 30 years of leadership in the hospitality industry!
 
 
30TH ANNIVERSARY BRINGS OUR 30TH OFFICE: LIMA, PERU
Arturo García Rosa, an industry specialist in the region with more than 30 years of experience and leadership in South America’s hospitality and tourism sectors, who serves as President of HVS Buenos Aires and now HVS Lima, has appointed Graciana García Iribarne as Managing Director of the HVS Lima office.

Utilizing the extensive consulting experience she has gained managing the Buenos Aires office of HVS, Graciana will now also be responsible for the operations of the Lima office. HVS Lima will specialize in valuation, consulting work, and development assistance for new hotels, resorts, and related mixed-use projects in Peru, working closely with the Buenos Aires office in the rest of the Latin American markets. Graciana holds a Bachelor’s Degree in Hotel Management from the Universidad de Belgrano.
 
 
HVS ONCE AGAIN SPONSORS NEW ORLEANS ANNUAL ROADFOOD FESTIVAL SCHEDULED
FOR MARCH 26 - 28, 2010

The 2nd annual New Orleans Roadfood Festival, scheduled for the weekend of March 26-28, 2010, will transform 5 blocks of Royal Street in the French Quarter into a Foodie’s Paradise. HVS, the leader in global hospitality consulting and services, will again sponsor the Food-Lover’s Festival.

Twenty vendors from among Louisiana’s best restaurants and destination Roadfood restaurants around the country will serve legendary dishes, in affordable sample-size portions. Festival-goers can enjoy:

  • Real Texas barbecue from Louie Mueller’s
  • Seafood chowder from the Maine Diner
  • Shrimp Uggie made by Anthony and Gail Uglesich – coming out of retirement for the Festival!
  • Tucson Tamale Company’s hot tamales
  • Tony Luke’s Philadelphia cheese steaks
  • Boudin sausage from T-Boy’s slaughterhouse
  • And MORE!

The excitement kicks off Friday, March 26 with a VIP Opening Party, where Roadfood.com will present the inaugural Blue Plate Award, honoring men and women who embody the best of America’s regional cuisine, to Anthony and Gail Uglesich. The New Orleans Roadfood Festival will also host:

  • The creation of the World’s Longest Po’Boy
  • A beignet eating contest
  • A Saturday evening crawfish boil and pig roast
  • Strolling brass bands

“You can travel for miles and months around the country and never discover all the great dishes that Roadfood Festival goers will indulge in during one weekend,” Rushmore says. “This weekend presents the best opportunity for passionate foodies to discover and enjoy the best specialties that define American food at its most flavorful.”

The New Orleans Roadfood Festival is free. Proceeds from the sales of food and beverage will go back to participating restaurants, including New Orlean’s Café Reoncile, which gives at-risk youth the opportunity to learn about the food service business. Last year’s inaugural Festival attracted more than 15,000 visitors. For more information, visit the Festival at Facebook and Twitter.

 
 
UPCOMING INDUSTRY EVENT
Hotel Investment Conference South Asia
The sixth Hotel Investment Conference South Asia (HICSA) organized by HVS India is scheduled for April 7 - 8, 2010 and will be hosted at Grand Hyatt Mumbai. Over the past five years the conference has played host to 30 global CEOs, over 2,200 delegates, and has had a wide range of attendees from owners, real estate developers, operators, bankers, architects and consultants. This exclusive event promises to once again line up some of the best known global faces of the hospitality industry. The conference has been regarded by many as the best networking opportunity in the region and a must attend for all associated to the hotel industry.
http://www.hicsaconference.com/
 
 
STRAIGHT FROM THE SOURCE
Jared Muenks
Analyst, Global Analysis & Capital
Financial Planning & Analysis
Hilton Worldwide


As for my job/title, I am essentially doing financial analysis at a corporate level. I am looking at financial statements of the company as a whole and figuring out where to save Hilton money at a company level and a hotel level. Also, my department is in charge of capital expenditures, so we analyze and approve capital that hotels want to spend. Since the department was created/restructured as part of the move, we are expected to get a lot more finance related projects and initiatives over the next several quarters, so I am sure my job description will be ever changing for a while. So far it is really interesting seeing how a major multi-billion dollar company runs from the inside, however, it is pretty different from what I was doing before, which is a nice change. The majority of what I am doing now is finance related and not so hotel related, but who knows, that could easily change in the near future.
   
Gustav Bjoern
Vice President
Aareal-Bank


Alex gave birth to the most handsome, sweet little baby boy (his name is Niels - after his grand dad). He was born on November 17th at 3.30pm in Copenhagen, weighing 3.6kg at 51cm. He's now 9 weeks old and has put on a lot of weight. He has a mild temper and sleeps 4 hours straight every night - a true copy of his proud father (except he has more hair).
   
Bernard Forster
VP Asset Management, Africa & Indian Ocean
IFA Hotels & Resorts


Once upon a time (12 years ago to be precise) I joined the HVS London team. I had so many great experiences in my time there: from eating cane rat in the Ivory Coast, to wine tasting in Cape Town and fighting off hordes of bed bugs in Munich. My greatest experience at HVS was, of course, meeting Jane Clarke, my future wife, in 2005. My ten years of loyal service at HVS came to an end when I decided to make a move back to Africa, joining IFA Hotels and Resorts as VP of Asset Management for the Africa and Indian Ocean region.

With Jane’s support, I moved to South Africa and now use those skills I honed at HVS in a wide range of areas: from the creation of Home Owner Associations to the implementation of sales and marketing initiatives, ‘greener’ operational practices at property level, challenging current practices amongst major international hotel chains, and even buying Zebras! Working round the clock is a habit I’ve never managed to break.

It has also been important for me to spend time with family over the past two years. Moving to Zimbali brought me much closer to my mother’s house in Namibia and Jane and I were married on 23 May 2009. We were joined on the day by a number of long-time colleagues from HVS, and now old friends, including my best man Hadrien Pujol; most of these fine people had travelled thousands of miles to share our joy on the day and it was great to see them. Hadrien certainly did not miss out on the opportunity to talk about some of my more questionable field work habits!

Our next port of call is Dubai, where I’ll continue in the same role for IFA but with increased resposibilities while Jane, following her success in the organisation of our beautiful wedding, has started an event and wedding planning course with a view to turning her event-organisation skills into a career! Although moving to Dubai means we’ll miss the World Cup in June, I have thoroughly enjoyed South Africa, which is a fantastic country with so much to do, and I am looking forward to taking on a new challenge supported by a great team.
   
Serena Lim
Vice President
Starwood Hotels


I have been with Starwood’s Singapore office for over 13 years and oversee the company’s development efforts in Thailand, Vietnam, Cambodia, Laos and Philippines. I am married to Mark, a dermatologist, and have two girls, Kyla and Keisha. My work brings me to exotic, far flung locations and I am very happy to provide any recommendations on exciting travel destinations in this part of the world!
 
 
GUESS WHO?
Do you recognize these former HVSers? If so, email Kelly at kfitzpatrick@hvs.com and give her your guess. If correct, you will be credited in the next Alumni Newsletter!
 


 
December Newsletter “Guess Who” Answer:
Sourav Ghosh, formerly with HVS NY and now with Host Hotels and Resorts, and Nikos Hadjos, also formerly with HVS NY and now with Real Estate Services Group . Winning by about five minutes, Alexandre Sogno sent an email with the correct answer. Alexandre was with the HVS NY office from 2000 to 2003 and is currently a Managing Director at Global Asset Solutions. Thanks, Alexandre!
 
 
 
HVS FLASHBACKS
Do you have a funny story or experience from your days at HVS? Several anecdotes have been passed down through HVS generations but we would love to hear first-hand some of the funny stories people have from their days as consultants. For example: How many speeding tickets have you acquired? Have you ever been chased off a property? Please email Kelly at kfitzpatrick@hvs.com with your experiences.
 
 
ALUMNI OUTREACH
We appreciate your help in keeping HVS alumni connected, and we welcome you to share new information from your personal and professional lives through the site. Please send your comments and updates to alumni@hvs.com. We value your feedback and look forward to your assistance in connecting with HVS colleagues around the globe.

We’d love to hear from you if there are any upcoming alumni events or gatherings in your city that you know of or are participating in. Please send us details, and we will post them on our website to reach our fellow HVS alumni from the world.
 
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HVS
Joan Raffetto
369 Willis Avenue
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Tel: +1 (516) 248-8828 ext. 231
 
Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS Singapore.

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