Atlanta - Success Stories

From Natixis to UBS – Lenders Turn to HVS Atlanta For Single Asset and Portfolio Appraisals

"As a hospitality specific mortgage broker we enjoy working with a group that understands the needs of the lending community and is able to turn around projects in a timely and professional fashion on a regular basis. The staff at HVS is second to none and each individual there exudes professionalism in every assignment we've ever done."

Stan Kozlowski,
Principal,
Forestpark Capital

Project
Transaction activity remains highly active in the hotel industry in 2007, as equity return requirements remain relatively low despite rising interest rates. Lenders, owners, and developers continue to turn to HVS to service their hotel appraisal needs during this busy year, and HVS continues to assist with consulting on virtually every major deal.

The HVS Assignment
Lenders look to HVS Atlanta to complete appraisals in a short three- to four-week timeframe, and often utilize appraisal content and findings for credit decisions well in advance of closings. Key players which rely on us include UBS, Columbus Bank & Trust, and Natixis, among others. We appreciate that there is limited lead time in today’s deal environment, so HVS Atlanta must be able to quickly respond to client requests.

Results
Together with our sister offices in Dallas and Mexico City, we consult on over 1,000 assets each year; in 2007, we continue to consult on an average of 100 hotels per month. We strive to maintain a three-week completion time frame for our clients, and maintain state certification and licenses in virtually every state, which contributes to our ability to mobilize quickly. Rod Clough, MAI, Mike Brophy, and HVS Atlanta are highly committed to clients' timing needs and works as a team to insure credible, high-quality appraisals are delivered on time. We strive to exceed client expectations and continually improve our service and consulting product.


In 2007, HVS Atlanta handled many resort asset projects, such as Fort Lauderdale’s Pelican Beach Resort	In 2007, HVS Atlanta completed the appraisal of the convention-oriented, 1,226-room Atlanta Hilton