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Mr. Richard D. Williams, MAI

Service: Consulting & Valuation, Food & Beverage Services
Office: Denver
Email: DWilliams@hvs.com
Address: 7883 S. Locust Court
Centennial, CO, 80112-2426
Phone: +1 (303) 771-4104 (Work)
+1 (303) 290-6533 (Fax)
Languages: English

Consulting Experience

Richard Williams, MAI is the Managing Director and Founder of HVS Food & Beverage Services, and operates internationally from his office in Centennial, Colorado. During his two decades as an appraiser, Mr. Williams has focused his practice on hotels, conference centers, restaurants, and banquet facilities. He has extensive experience in performing appraisals for ad valorem property tax proceedings, bankruptcy and restructuring, income and estate tax returns, and litigation, as well as for financing and sales of hospitality properties.

Dick focuses on special projects that require his personal attention in inspecting the property, analyzing the local market conditions, projecting income and expenses for the asset, valuing the property or testing feasibility of the project, writing the appraisal or market study report, and providing litigation support and court testimony.

Notable recent assignments include the Gaylord Palms Hotel & Convention Center, Gaylord National Hotel & Convention Center, Cipriani 42nd Street and Wall Street, the proposed 21c Museum Hotel in Cincinnati and Proof Restaurant, Flatirons Golf Course food & beverage operations, Crest Hollow Country Club, Westgate Planet Hollywood condominiums, and the Carefree Resort.

Mr. Williams has provided litigation support services and testimony in several jurisdictions on a variety of hotel and restaurant issues.

Mr. Williams' property tax expertise is founded on two decades of appraising hotels as well as serving as a property tax hearing officer and arbitrator for several counties in the Denver area. Additionally, Mr. Williams' staff includes an experienced tax professional who has worked in the property tax, income tax, and estate tax arena for 30 years.

Mr. Williams has a sub-specialty in the area of historic properties, having assisted clients with market studies, feasibility studies, appraisals, and on-going consulting needs for several historic restaurants and hotels. In the public arena, Mr. Williams has performed feasibility studies and consulting assignments for universities and municipalities.

Dick is a graduate of the Cornell University School of Hotel Administration, is a certified general appraiser and a licensed real estate broker, and holds the MAI designation of the Appraisal Institute. Mr. Williams has owned and operated several restaurants in the Denver area. After serving a two-year apprenticeship under a Swiss chef at the Café Promenade, Dick became the Executive Chef at the Chateau Pyrenees Restaurant. Subsequently, he moved into front-of-the house management as the Managing Partner at two restaurants. Undoubtedly, his most well-known venture has been the revitalization of the world famous Buckhorn Exchange Restaurant in Denver, which is noted for its excellent steaks and wild game, and having Colorado liquor license #1. Dick has been an owner of the Buckhorn Exchange since 1978. The Buckhorn's walls are adorned with a collection of over 235 game trophies, 500 mounted birds, 125 antique guns, and other artifacts of the "Old West."

Education

CORNELL UNIVERSITY
Bachelor of Science, Hotel and Restaurant Administration
(1970)

UNIVERSITY OF COLORADO - DENVER
Post Graduate Courses Completed:
BUSN 6000 Accounting for Managers
BUSN 6020 Quantitative Business Analysis
BUSN 6040 Human Behavior in Organizations
BUSN 6060 Marketing Management
BUSN 6080 Management of Operations
BUSN 6100 Management of Information Systems

APPRAISAL INSTITUTE
Appraisal Institute Classes Completed:
Course 1A1 - Real Estate Appraisal Principles
Course 1A2 - Basic Valuation Procedures
Course 1BA - Capitalization Theory and Techniques, Part A
Course 1BB - Capitalization Theory and Techniques, Part B
Course 540 - Report Writing and Valuation Analysis
Course 550 - Advanced Applications
Course SPP - Standards of Professional Practice, Part A & B
Course 410 - Standards of Professional Practice, Part A
Course 420 - Standards of Professional Practice, Part B
Course 430 - Standards of Professional Practice, Part C
Course 520 - Highest and Best Use, and Market Analysis
Course 800 - Separating Real & Personal Property from Intangible Business
Assets
Course 400 - USPAP Update 2003, 2005 & 2007, Standards & Ethics
Course 510 - Advanced Income Capitalization
Course 310 - Basic Income Capitalization
Introduction to Valuing Green Buildings
Case Studies in Partnership and Common Tenancy Valuation
Appraisal Curriculum Overview (2-day General)
Busines Practice and Ethics

State Certification

Certified General Appraiser, Colorado and New Mexico

Licensed Real Estate Broker, Colorado

Affiliations

Appraisal Institute - Member (MAI)

Cornell Hotel Society, Rocky Mountain Chapter
Board of Directors, 1982 to 2006
Cornell Club of Colorado
President, 1986 to 1994
Board of Directors, 1986 to 1998

Colorado Restaurant Association

Hyatt Mountain Lodge
Board of Directors, 2008 to present
Vice President, 2008 to present

Clients

Arapahoe County, Colorado
Archer & Greiner, P.C.
Baker & Hostetler LLP
BB&T
Beneficial Savings Bank
Capmark Finance, Inc.
Chart House, Inc.
Cherokee County, Georgia
Cipriani USA, Inc.
Citicorp
City of Boulder, Colorado
City and County of Denver, Colorado
Cit of Greensboro, North Carolina
City of Salem, Virginia
Columbia Sussex Corporation
Crescent Real Estate
Deutsche Bank
Douglas County, Colorado
El Paso County, Colorado
Equity Inns
Evans & Petree
Faulkner USA
Firstar Bank
First Rockford Group, Inc.
Gaylord Entertainment Company
GE Real Estate
GMAC Capital Corporation
GMAC Commercial Mortgage
Harp Group
Hilton Hotels Corporation
Host Marriott
Jeffer, Mangels, Butler & Marmaro LLP
Jefferson County, Colorado
Marriott International
MONY Capital Services
NC State University
New York Community Bancorp
North Fork Bank
Novack and Macey LLP
Paragon Development
Pennsylvania Business Bank
Perkins & Coie LLP
Piper Jaffray & Co.
Proctor & McKee, P.A.
Quaintance-Weaver Hotels & Restaurants
Shaner Hotel Group
Shinsei Bank
Shreck Brignone
South Suburban Park & Recreation District
SpiritBank of Tulsa
Starwood Resorts & Hotels Worldwide
Stonebridge Companies
Suitt Construction
SV Capital
Texas Tech University
The Banff Centre
THR
UBS AG
University of Arizona Science & Technology Park
University of Arkansas
University of Delaware
University of Missouri - Kansas City
University of Texas - Austin
US Bank
Vail Resorts
Village of Lombard, Illinois
Village of Maywood, Illinois
Village of Wheeling, Illinois
Wells Fargo - American Commercial Credit
White and Steele
Willow Grove Bank
Winquest Group
Young, deNormandie & Oscarsson, P.C.
Xanterra Parks & Resorts

Restaurant Appraisals and Consulting

ARKANSAS
Ella's Restaurant, Fayetteville

CALIFORNIA
Chart House Restaurant, San Diego Rowing Club
Sea World, San Diego (Ballroom Expansion market study)
Tazzina Bistro, Woodland (F&B Consulting)
Brothers Restaurant at Mattei's Tavern, Los Olivos (F&B Consulting)

COLORADO
Beaver Run Resort, Breckenridge (F&B Consulting)
Jackson's Hole Sports Grills, Denver (F&B Consulting)
Tivoli Mall Student Union, Denver (F&B Consulting)
Brittany Hill Restaurant, Denver (Litigation Support)
Denver Athletic Club, Denver (F&B Consulting)
El Rancho Restaurant, El Rancho
South Suburban Park & Recreation Golf Course Restaurant, Centennial
(F&B Consulting)
Lone Tree Golf Club and Hotel, Lone Tree (F&B Consulting)
Embassy Suites Downtown, Denver (F&B Consulting)
Spencer's Restaurant, Beaver Run Resort, Breckenridge (F&B Consulting)
Stuart Anderson's Black Angus Restaurant, Lone Tree
Tivoli Deer Restaurant, Kittridge
Wendy's Restaurant, Glenwood Springs
Wendy's Restaurant, Golden
Wendy's Restaurant, Silverthorne
Char's Restaurant, Aspen (Litigation Support)
Denver Hilton Garden Inn Proposed Restaurant (F&B Consulting)
Arrowhead Golf Club, Littleton (F&B Consulting)
Park Hill Golf Club, Denver (F&B Consulting)
Silver Creek Restaurant, Granby (Litigation Support)
Flatirons Golf Course, Boulder (F&B Consulting)

CONNECTICUT
Burning Tree Country Club, Greenwich (F&B Consulting)
Avon Old Farms Inn, Avon

DELAWARE
Christiana Hilton, Newark (Ballroom Expansion Market Study)

FLORIDA
Walt Disney World, Orlando (F&B Consulting)
Proposed Shooters Waterfront Café USA, Sarasota
Popeyes Chicken & Biscuits, Fort Myers
Popeyes Chicken & Biscuits, Palm Beach Blvd., Fort Myers
Popeyes Chicken & Biscuits, Clearwater
Popeyes Chicken & Biscuits, North Fort Myers
Popeyes Chicken & Biscuits, New Port Richey
Popeyes Chicken & Biscuits, Spring Hill
Popeyes Chicken & Biscuits, Tampa
Popeyes Chicken & Biscuits, Holiday
The Clevelander Restaurant & Bar, South Beach
Bennigan's Restaurant, Bradenton
Proposed Bennigan's Restaurant, Naples
Proposed Fairwind Restaurant & Bar, South Beach
Proposed Carrabba's Italian Grill, Miami Beach
Islander Beach Club, New Smyrna Beach (Litigation Support)
Proposed Landmark Entertainment Facility, Ft. Lauderdale
Proposed Cipriani Banquet Facility and Hotel F&B Facilities, Miami Beach
Proposed Banquet Facility & Conference Center, Fort Myers
Big Chef, Holiday (F&B Consulting)

ILLINOIS
Illinois Machine Shed, Rockford
Planted Earth Café, Moline
Thunder Bay Grille, Rockford
Proposed Gibson's Bar & Steakhouse, Lombard
Proposed Hugo's Frog Bar & Fish House, Wheeling
Proposed Renovation of the Kaskaskia Hotel and Banquet Facility, LaSalle
Proposed Restaurant, Rockford
Proposed Wildfire Grill, Chicago (Litigation Support)

IOWA
Iowa Machine Shed, Davenport
Iowa Machine Shed, Urbandale
Thunder Bay Grille, Davenport

KANSAS
Kansas Machine Shed, Olathe

KENTUCKY
Proposed Trailhead Restaurant & Music Hall, Clermont

MICHIGAN
Quality Inn and Convention Center, Coldwater (F&B Consulting)
Proposed Dining Club, Grand Rapids

NEVADA
Boison's Restaurant, Las Vegas (Litigation Support)

NEW MEXICO
Radisson Picacho Hotel, Santa Fe (F&B Consulting)
Proposed Damon's Restaurant, Las Cruces
Proposed Denny's Restaurant, Las Cruces
Proposed KFC/Long John Silver's, Santa Rosa

NEW YORK
Ciprinai International, Rainbow Room, New York City
Cipriani 42nd Street
Harry Cipriani's
Harry Cipriani's Downtown
Buffalo Hilton Hotel, Buffalo (Ballroom Expansion market study)
J.G. Melon Restaurant, New York City
The Castle at Tarrytown and Equus Restaurant, Tarrytown (F&B
Consulting)
Barneys New York/The Pierre Hotel, New York City
Cipriani Wall Street, New York City
Former Chi Chi's Restaurant, Johnson City
Nassau Downs OTB, Plainview (F&B Consulting)
Proposed Trump on the Ocean, Jones Beach State Park
Crest Hollow Country Club, Woodbury
Proposed Williamsburg Hotel Restaurants, Bar, Museum & Nightclub, Brooklyn
Proposed Restaurant, Saratoga Springs
Applebee's, Rochester (Litigation Support)

NORTH CAROLINA
O.Henry Hotel, Greensboro (F&B Consulting)
Lone Star Steakhouse, Winston-Salem (F&B Consulting)
Proposed Print Works Bistro, Greensboro
Proposed Proof Restaurant, Durham

OHIO
Proposed Proof Restaurant, Cincinnati

OKLAHOMA
Popeyes Chicken & Biscuits, Muskogee
Popeyes Chicken & Biscuits, Tulsa

OREGON
Proposed Restaurant & Gift Shop, Crater Lake National Park (F&B
Consulting)

PENNSYLVANIA
Normandy Farm Banquet Facility and Conference Center, and Coleman
Restaurant, Blue Bell

TEXAS
Proposed Restaurants, Corpus Christi
Proposed Proof Restaurant, Austin

UTAH
Proposed Hotel & Convention Center, Logan (F&B Consulting)

VIRGINIA
Ramada Inn & Convention Center, Lynchburg (F&B Consulting)

WASHINGTON
Yakima Grill, Seattle (Litigation Support)

WISCONSIN
Thunder Bay Grille, Pewaukee
Wisconsin Machine Shed, Pewaukee

WYOMING
Yellowstone National Park Restaurants (F&B Consulting)

RESTAURANT PORTFOLIOS
90 Restaurants on La Quinta Outparcels
78 Restaurants on La Quinta Outparcels


INTERNATIONAL
Market Study & Feasibility Study for a Proposed Planet Hollywood, Kuwait
City, Kuwait
Enoch Cree Nation - Three Proposed Casino Restaurants and Food Court,
Edmonton, Alberta, Canada
The Fish House in Stanley Park, Vancouver, British Columbia, Canada
The Cannery Seafood House, Vancouver, British Columbia, Canada
The Banff Centre, Banff, Alberta, Canada
Restaurant Research, India
Hotel Food & Beverage Consulting, Dubai

Hotels Appraised

ARIZONA
Proposed Hampton Inn & Suites, Goodyear
Holiday Inn, Kingman
Proposed Clarion Suites Hotel, Scottsdale
Holiday Inn Express, Tucson
Proposed Hotel, Conference Center & Golf Course, University of Arizona
Science & Technology Park,Tucson
Windmill Inn Suites, Chandler
Windmill Inn Suites, Tucson
Windmill Inn Suites, Surprise
Proposed Hawthorn Suites Hotel & Conference Center, Tucson
Proposed Homewood Suites, Tucson
Proposed Hampton Inn, Tucson
Carefree Resort, Carefree (Restructuring)

ARKANSAS
Proposed Conversion of Carnall Hall to Hotel Use, University of Arkansas,
Fayetteville
Green Leaf Hotel, Little Rock

CALIFORNIA
Embassy Suites, Los Angeles International Airport
Radisson San Francisco Airport at Sierra Point, Brisbane
Radisson LAX and Parking Garage, Los Angeles (Bankruptcy)

COLORADO
Best Western Country Villa Inn, Wheat Ridge
Best Western Inn at Pueblo West, Pueblo
Brown Palace Hotel, Denver
Burnsley Hotel, Denver (Property Tax)
Comfort Inn, Denver
Days Inn, Fort Morgan
Fairfield Inn by Marriott, Denver
Hampton Inn, Aurora
Proposed Hampton Inn, Loveland
Proposed Hampton Inn, Louisville
Hampton Inn, Englewood
Hampton Inn, Pueblo
Hampton Inn Southwest, Lakewood
Proposed Holiday Inn Express, Boulder
Holiday Inn Southeast, Denver
Holiday Inn, Fort Collins
Lodge at Vail, Vail
Proposed Longmont Hotel, Longmont
Marriott Hotel, Fort Collins
Ramada Inn, Fort Collins
Marriott Mark Resort, Vail
Oxford Alexis Hotel, Denver
Red Lion Inn, Durango
Proposed Sleep Inn, Durango
Super 8 Motel, Glenwood Springs
Super 8 Motel, Wheat Ridge
Tabor Lake Inn, Wheat Ridge
Vail Athletic Club, Vail
Warwick Hotel, Denver
Winchester Inn, Fort Collins
Winter Park Ski Resort, Winter Park
Radisson Inn - North, Colorado Springs
Proposed Comfort Inn, Colorado Springs
Proposed Hampton Inn & Suites, Pueblo
Proposed Comfort Inn & Suites, Glenwood Springs
Hyatt Regency Beaver Creek, Avon
Drury Inn, Colorado Springs
Proposed Bradford Homesuites, Colorado Springs
Proposed Bradford Homesuites, Westminster
Proposed AmeriSuites, Colorado Springs
Proposed Homewood Suites, Colorado Springs
Proposed Comfort Suites, Highlands Ranch
Proposed Fairfield Inn by Marriott, Highlands Ranch
West Vail Lodge, Vail
Executive Tower Inn, Denver
Howard Johnson Lodge, Denver
Holiday Inn Express, Lakewood (Litigation Support)
Lazy L Motel, Boulder
Proposed Lakeshore at Keystone, Keystone
The Lodge & Spa at Cordillera, Edwards (Property Tax)
Hampton Inn Denver West, Golden
St. Regis Resort, Aspen (Property Tax)
Boulder Outlook Hotel & Suites, Boulder (Property Tax)
Two Keystone Sites, Dillon
Sheraton Steamboat, Ski Time Square, & Thunderhead Lodge & Condominiums, Steamboat Springs
Four Points by Sheraton Denver Southeast, Denver
Galatyn Lodge, Vail

DELAWARE
Proposed Courtyard by Marriott, University of Delaware, Newark

FLORIDA
Residence Inn by Marriott, Miami
Holiday Inn & Marina, Sarasota
Proposed Residence Inn by Marriott, Naples
Tiffany House Assisted Living, Fort Lauderdale
Proposed Focused-Service Hotel, Banquet Facility & Conference Center,
Fort Myers
Gaylord Palms Hotel & Convention Center, Kissimmee (Property Tax)

GEORGIA
Proposed Cherokee County Hotel, Canton

HAWAII
Proposed Courtyard by Marriott, Honolulu

ILLINOIS
Palmer House Hilton, Chicago (Property Tax)
Proposed Westin Hotel & Conference Center, Lombard
Proposed Kaskaskia Hotel, La Salle
Proposed Westin-North Shore Hotel, Wheeling
Proposed Kaskaskia Hotel & Conference Center, La Salle
Proposed Hotels, Maywood
InterContinental Hotel Chicago O'Hare, Rosemont (Bankruptcy)

INDIANA
Proposed Fairfield Inn by Marriott, Mishawaka
Proposed Courtyard by Marriott, South Bend

IOWA
Courtyard by Marriott, Clive
Hilton Hotel, Sioux City

KANSAS
Marriott Overland Park, Overland Park (Property Tax)

KENTUCKY
Proposed Trailhead Inn, Shepherdsville

LOUISIANA
Courtyard by Marriott, Baton Rouge
Carter Plantation, Springfield
Proposed Staybridge Suites at Southgate, Baton Rouge
Proposed Holiday Inn & Suites, Lake Charles
Proposed Candlewood Suites, Lake Charles

MARYLAND
Super 8, College Park
Super 8, Lexington Park
Holiday Inn - Inner Harbor, Baltimore
Holiday Inn North, Glen Burnie
Holiday Inn, Belmont
Holiday Inn, Towson
Holiday Inn, Silver Spring
Town Center Hotel, Silver Spring
Holiday Inn, Frederick
Proposed Radisson Hotel & Waterpark, Linthicum Heights
Gaylord National Hotel & Convention Center, National Harbor (Property Tax)

MASSACHUSETTS
Regal Bostonian Hotel, Boston
Super 8, Lexington Park

MICHIGAN
Carlton Lodge, Benton Harbor
Carlton Lodge, Goshen

MISSOURI
Regency Inn, Columbia
Proposed University of Missouri - Kansas City Hotel, Kansas City

NEBRASKA
Proposed Hampton Inn & Suites, Grand Island

NEVADA
Proposed Hampton Inn, Las Vegas
Proposed Embassy Suites, Las Vegas
Proposed Residence Inn by Marriott, Las Vegas
Comfort Inn, North Las Vegas
Westgate Planet Hollywood Condominiums, Las Vegas

NEW JERSEY
Proposed Bradford Homesuites, Secaucus
Howard Johnson Inn, Atlantic City (Property Tax)

NEW MEXICO
AmeriSuites, Albuquerque
Hampton Inn, Las Cruces
Hilton Garden Inn, Rio Rancho
Marriott Hotel, Albuquerque
Proposed Convention Center Hotel, Albuquerque
Proposed Hilton Garden Inn, Albuquerque
Proposed Country Inn & Suites, Albuquerque
Rancho Encantado, Santa Fe
Residence Inn by Marriott, Santa Fe
Proposed Hilton Garden Inn, Roswell
Proposed Marriott Resort Hotel & Spa, Santa Fe
Proposed Hotel, Rio Rancho
Proposed Resort Hotel, Taos Ski Valley
Proposed Residential Village, Taos Ski Valley

NEW YORK
The Regent Wall Street, New York City

NORTH CAROLINA
Holiday Inn, Dortches
Sheraton Inn, Charlotte
Holiday Inn Select, Winston-Salem
Proposed Comfort Suites, Winston-Salem
Holiday Inn, Statesville
Howard Johnson, Statesville
Hampton Inn, Statesville
Comfort Inn, Buxton (Cape Hatteras)
Proposed Conference Center Hotel and Golf Course, NCSU, Raleigh
Proposed Proximity Hotel, Greensboro
O.Henry Hotel, Greensboro
Proposed 21C Museum Hotel, Durham
Hotel Consulting, Greensboro

OHIO
Mentor Country Inn, Mentor
Holiday Inn, Dayton
Holiday Inn, Lima
Holiday Inn, Columbus
Proposed 21c Museum Hotel, Cincinnati
Courtyard by Marriott, Beachwood (Property Tax)

OKLAHOMA
Howard Johnson Inn, Tulsa
Ramada Inn, Norman

PENNSYLVANIA
Proposed Inn at Normandy Farm, Blue Bell
Normandy Farm Hotel & Conference Center, Blue Bell

SOUTH CAROLINA
Days Inn, Myrtle Beach
Lodge Alley Inn, Charleston (Timeshare)
Shore Crest II, Myrtle Beach (Timeshare)
Ramada Plaza, Fort Mill (Bankruptcy)
Proposed Holiday Inn & Waterpark, Myrtle Beach

SOUTH DAKOTA
Radisson Encore Hotel, Sioux Falls
Proposed Hotel & Conference Center, Sioux Falls

TENNESSEE
Holiday Inn - Airport, Memphis
Proposed Fairfield Inn by Marriott, Memphis
French Quarter Hotel, Memphis
Hampton Inn - East, Memphis
Howard Johnson Plaza, Memphis
AmeriSuites, Cordoba
Embassy Suites, East Memphis (Property Tax)
Homewood Suites, East Memphis (Property Tax)
Homewood Suites, Germantown (Property Tax)
Embassy Suites Nashville at Vanderbilt, Nashville (Property Tax)
Marriott Nashville Airport, Nashville (Property Tax)
SpringHill Suites Nashville Airport, Nashville (Property Tax)

TEXAS
Proposed Residence Inn by Marriott, Brownsville
Proposed Courtyard by Marriott, Brownsville
La Quinta Inn, Houston
Proposed Residence Inn by Marriott, Irving
Proposed Courtyard by Marriott, San Antonio
Proposed Fairfield Inn by Marriott, Austin
Holiday Inn South, Austin
Proposed Bradford Homesuites, Austin
Proposed Conference Hotel, University of Texas, Austin
Proposed Fairfield Inn by Marriott, San Antonio
Residence Inn by Marriott, Lubbock
Proposed Residence Inn by Marriott, Plano
Proposed Courtyard by Marriott, Plano
Proposed Marriott Suites Hotel, Dallas Market Center
Proposed Courtyard by Marriott, Addison
Proposed Texas Tech University Campus Hotel and Conference Center,
Lubbock
Hampton Inn, Lubbock
Fairfield Inn by Marriott, Lubbock
Proposed 21c Museum Hotel, Austin
Proposed Westin, Austin

VIRGINIA
Comfort Inn, Virginia Beach
Courtyard by Marriott, Hampton
Fairfield Inn by Marriott, Hampton
Holiday Inn, Covington
Holiday Inn Executive Center, Virginia Beach
Holiday Inn, Lexington
Holiday Inn, Marion
Holiday Inn, Salem
Sheraton Inn, Roanoke
Super 8, Culpeper
Super 8, Fredericksberg
Super 8, Tappahannock
Holiday Inn, Chesapeake
Courtyard by Marriott, Richmond
Quality Inn, Richmond
Holiday Inn Surfside, Virginia Beach
Courtyard by Marriott, Virginia Beach
Fairfield Inn by Marriott, Virginia Beach
Clarion Hotel, Virginia Beach
Comfort Inn, Tysons Corner (Vienna)
Proposed Courtyard by Marriott, Tysons Corner
Proposed Aloft Hotel, Chantilly
Proposed Comfort Suites, Salem
Proposed Focused-Service Hotel, Salem

WASHINGTON
Proposed Fair Haven Inn, Bellingham
Proposed Westin Hotel, Bellevue
Summerfield Suites Seattle, Seattle

WASHINGTON, D.C.
Washington Hilton & Towers, Washington, D.C. (Property Tax)

WISCONSIN
Comfort Suites, Pewaukee

INTERNATIONAL

ARGENTINA
Market Survey, Buenos Aires

BRAZIL
Market Survey, Sao Paul
Market Survey, Rio de Janeiro
Market Survey, Belo Horizonte

MEXICO
Camino Real, Mazatlan
Howard Johnson, San Jose del Cabo, Baja California Sur
Proposed Hilton Cabo Real, Los Cabos, Baja California Sur
Bahia Hotel, Cabo San Lucas, Baja California Sur
Proposed Condo-Hotel, Cabo San Lucas, Baja California Sur
Vacant Land, San Jose del Cabo, Baja California Sur

ITALY
Proposed Hotel Cipriani, Palermo, Sicily

TURKS & CAICOS ISLANDS
Proposed Third Turtle Club, Providenciales

URUGUAY
Market Survey, Punta del Este

Authored Publications

Stuck on Cooking, Children's Cookbook, Scholastic Books, 1990

Real Estate Workouts & Asset Management, April 1994
Arbitration: A Better Way to Lower the Property Tax of Your Hospitality Property

HVS Food & Beverage Hospitality Report, October 2001
Meeting the Challenges of a Slowing Economy

HVS Food & Beverage Hospitality Report, April 15, 2002
Five Common County Mistakes in Valuing a Hotel or Restaurant for Property Tax Purposes

HVS Food & Beverage Hospitality Report, June & July 2002
What is My Restaurant Business Worth? Part 1 and Part II

The Real Estate Finance Journal Fall 2002
What is a Restaurant Business Worth?

Mortgage and Real Estate Report, September 1, 2002
Restaurants: Valuing the Real Estate

Real Estate Monitor, Summer 2002
Valuing Restaurant Real Estate

HVS Food & Beverage Hospitality Report, November 2002
Technology Issues in Restaurants - Summary of FS/TEC 2002 Presentation

HVS Food & Beverage Hospitality Report, November 2002
Getting Your Restaurant Ready for the Holiday Season

HVS Property Tax Services Hospitality Report, January 2003
How to Lower the Property Taxes on Your Hotel or Restaurant

HVS Food & Beverage Hospitality Report, May 2004
When Do I Need An Appraisal of My Restaurant's Real Estate?

HVS International Global Hospitality Report, October 2006
Restaurant Rent: How Much is Too Much?

HVS Global Hospitality Report, February 2008
Why New Restaurants Fail

Northwest Stir, January 2009
2009 Restaurant Trends

Florida Restaurant & Lodging, January 2009
Future-Proof Your Business

Speaking Engagements

The Lodging Conference at the Biltomore, Scottsdale, AZ, September 1999
Repositioning Your Hotel Restaurant

Hotel Design 2000 Expo & Conference, Las Vegas, NV, April, 2000
Destination Dining Panel

Resort Forum, Newport Beach, CA, June 2000
Determining the Highest and Best Use of Space at Your Property

Hotel Food & Beverage Educational Forum 2002, Washington, D.C., February 2002
Keynote Speech: 10 Ways to Meet the Challenges of a Slowing Economy

FS/TEC 2002, Orlando, FL, October 2002
Food & Beverage Cost Control and Financial Management Systems

Colorado Chapter of the Appraisal Institute, September 2003
Food for Thought - Restaurant Appraisal Methodology & Management
Issues

University of Colorado School of Business, Boulder, Colorado,
October 2003 and March 2004, Guest Lecturer
Food & Beverage Issues in the Hotel Business

University of Denver School of Hotel Restaurant & Tourism Management,
Denver, Colorado, April 2005, Guest Lecturer
Hotel & Restaurant Appraisal

Hotel Valuation: The Players; What, Why & How They Do It!
Atlantic City, New Jersey, November 2006, Speaker

Colorado Chapter of the Appraisal Institute, September 2007
Tourism = Value, Moderator

University of Denver School of Hotel Restaurant & Tourism Management,
Denver, Colorado, May 2008, Guest Lecturer,
Restaurant Appraisal

CNN, December 2008
How the Tables Have Turned

Colorado Art Institute, February 2009
Guest Lecturer, Restaurant Entrepreneurship

Articles

2009 Restaurant Trends (Download file)

Restaurant trends for 2009 include decreases in holiday business, increases in menu prices, softenin...

Feb 12, 2009 By Richard D. Williams

Future-Proof Your Business (Download file)

Restaurant industry trends, careful budgeting, and good marketing practices will help a restaurant s...

Feb 7, 2009 By Richard D. Williams

Why New Restaurants Fail (Read article)

The high failure rate of new restaurants can be attributed in part to a lack of understanding of the...

Feb 4, 2008 By Richard D. Williams

Restaurant Rent: How Much is Too Much? (Read article)

The question of how much rent a restaurant operation can afford to pay is explored, using examples o...

Oct 11, 2006 By Richard D. Williams

When Do I Need an Appraisal of My Restaurant's Real Estate? (Read article)

Real estate appraisers are frequently asked to give examples of when it is appropriate to have an ap...

May 10, 2004 By Richard D. Williams

Food & Beverage Hospitality Report - What Is My Restaurant Business Worth? (Read article)

In this article, the author explains how to determine the value of a restaurant business, including ...

Aug 29, 2003 By Richard D. Williams

How to Lower the Property Taxes on Your Hotel or Restaurant (Read article)

Every taxpayer is interested in lowering their property taxes, but few go about it in the right way....

Jan 17, 2003 By Richard D. Williams

Getting Your Restaurant Ready For The Holiday Season  (Read article)

With the approach of the holiday season, most restaurant managers know that they should stock up on ...

Nov 22, 2002 By Richard D. Williams

Five Common County Mistakes in Valuing a Hotel or Restaurant for Property Tax Purposes (Read article)

County Assessors, no matter where they are located, seem to make similar mistakes in valuing a hospi...

Apr 15, 2002 By Richard D. Williams and Karen A. Smith

Meeting the Challenges of a Slowing Economy (Read article)

Any uncertainty we may have had about the economy heading into a recession vanished on September 11t...

Oct 1, 2001 By Richard D. Williams

Two Schools of Thought in Managing Restaurants (Read article)

When it comes to restaurant operations, there are two schools of thought in restaurant management: ...

Aug 1, 2001 By Richard D. Williams