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Mr. Jerod S. Byrd

Service: Consulting & Valuation
Office: Philadelphia
Email: jbyrd@hvs.com
Address: 1601 Concord Pike
Unit 70
Wilmington, DE, United States of America, 19803
Phone: +1 (901) 481-3058 (Work)
+1 (202) 828-9661 (Fax)
Languages: English

Consulting Experience

Jerod Byrd, one of HVS’ premier experts on hotel markets in the northeast, New England, and Mid-Atlantic regions, is Senior Vice President, Partner and Director of Operations for HVS Philadelphia. Jerod has been instrumental in several hundred hotel consulting and appraisal assignments at HVS, including market studies, feasibility studies, and valuations of existing and proposed hotels and portfolios. He leads a team of hotel professionals whose collective experience spans virtually every major market and submarket in Pennsylvania, Delaware, New Jersey, and surrounding states—a framework of hotel industry expertise that supports the rapid turnaround of thorough, authoritative reports about regional hotels.

Jerod has leveraged his research into hotel performance, demand generation, and economic trends to pen insightful articles on hotel markets in Wilmington, Newark, Philadelphia, and Baltimore. He has been a featured speaker at the University of Delaware’s hospitality program and hosted the 2012 HVS Regional Hotel Valuation Summit in Philadelphia. Jerod earned dual BBA degrees in Hospitality & Resort Management and Real Estate from The University of Memphis and is a state-certified appraiser in Connecticut, Delaware, Maine, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia, and Washington, D.C.

Outside of work, Jerod treasures time with his wife and son; the family frequents the historic and natural sites that encompass Philadelphia. Jerod also enjoys mountain biking on local trails throughout the Brandywine Valley, as well as dirt-bike riding on trips to West Virginia. Jerod also loves to fish, trekking out to waterways throughout the Mid-Atlantic and southern United States.

Employment History

2007 - Present
Consultant
HVS Consulting & Valuation Services
(Hotel/Motel Valuations, Market Studies, Feasibility Reports, and Investment Counseling)

2006
Internship
Mercury Investment Management
Private Real Estate Equity Fund

2003 - 2006
Hospitality Industry
Rhode Island, Delaware, West Virginia
Food and Beverage / Hotel Operations

Education

2002 - 2006
University of Memphis
B.B.A. Real Estate
B.B.A. Hospitality & Resort Management

Appraisal Institute and other specialized training classes completed:

Uniform Standards of Professional Appraisal Practice – 15 hours
Basic Appraisal Principles – 30 hours
Basic Appraisal Procedures – 30 hours
General Appraiser Income Approach – 60 hours
General Appraiser Market Analysis and HBU – 30 hours
General Appraiser Site Valuation and Cost Approach – 30 hours
General Appraiser Sales Comparison Approach – 30 hours
Business Practices and Ethics – 7 hours
Statistics, Modeling and Finance – 15 hours
General Appraiser Report Writing and Case Studies – 30 hours
Advanced Income Capitalization – 40 hours
Delaware Law Rules and Regulations – 3 hours
An Introduction to Valuing Commercial Green Buildings – 7 hours
Apartment Appraisal, Concepts & Applications – 16 hours
Fundamentals of Separating Real, Personal Property, and Intangible Business Assets – 15 hours
Advanced Concepts and Case Studies – 35 hours
PA Law Class – 2 hours
Business Practices and Ethics – 7 hours
DE Law Rules and Regulations – 3 hours
USPAP Update – 2010, 2012, 2014

State Certification

Connecticut
Delaware
District of Columbia
Maine
Maryland
Massachusetts
New Hampshire
New Jersey
New York
Pennsylvania
Rhode Island
Vermont
Virginia

Clients

Abu Dhabi International Bank
Advanced Commercial Credit
Alliance Bank
Allstar Management Corp.
Anglo Irish Bank Corporation
Apollo Global Management
Applied Bank
Archon
Baltimore Management
Bancorp South
Bankers Bank
Bank of America
Barclays Capital
Bear Stearns
The Brick Company
Business Lenders
Capital One
Capmark Bank
Carr Hospitality
Carter Bank and Trust
Cathay Bank
Catskill Hudson Bank
Cecil Bank
CFS Partners, LLC
Chatham Financial
CIBC
City of Brick
City of Millville
Clarion Partners
Clark Realty
Commerce Bank
Community South
Continental Bank
CoreFirst Bank & Trust
CreditVest, Inc.
CW Capital
Daniel Group
DC Convention Authority
Delco Development
DelVal Business Finance Corp.
Desai & Company
Deutsche Bank
Dougherty Funding
DRDC-Citymarket LLC
Eagle Bank
EB5
Excel National Bank
First Savings
First United Bank & Trust
FNB of Pennsylvania
Fulton Financial
Ganesh Realty
Gebhardt & Smith LLP
GE Capital
GE Commercial Finance
GE Commercial Mortgage
HANMI Bank
Harvard Management Company
Haven Trust Bank
Holland Development Group
HREC
ICG Properties
ING Clarion Capital
IRSA
IXIS Capital Markets
JER Partner
Joshi Construction
JPMorgan Chase
Key Bank
Kilpatrick/Torchlight
Klabzuba Reality
Latitude Hospitality, Inc.
Latitude Hotels Group Royersford
Leddy Companies
Lehman Brothers
Lexden Capital
LNR Partners
Magna Hospitality Group
Mainstreet Lender
MC Five Mile
Merrill Lynch
MetLife
Metro City Bank
MF Poer
Mid Atlantic Financial Partners
Midland Loan Services
Minmetals, Inc.
Mission Oaks Bank
Modus/Eagle Bank
MRPC Hotels
Mutual Bank
National Bank of Cambridge
Natixis Real Estate Capital
Neptune Hospitality
New York EB5
Nomura
North Star Hotel Group
NRB of Chicago
Ocean Capital
Pacific Capital Bancorp
Parke Bank
Park National Bank
PB Capital
PLAN of North Texas, Inc.
Premier Bank, Inc.
Presidian
RAM Development
Rialto Capital
River Drive Development LLC
Rockwood Capital
Royal Hotels
SBA Banks, LLC
Shin Han Bank America
Shore Land Ventures, LLC
Silverton Bank
Starwood Capital Group
Starwood Property Trust
Stokesay Real Estate, LLC
Strategic Capital Solutions, LLC
Summit Financial and Investment Group, LLC
Summit Hotel Properties
TD Bank
Thayer Lodging
Third Ward Park Holding LLC
Thorofare Capital, Inc.
Tompkins County Government
Torchlight
TriState Bank
Unity Bank
Univest Corp.
US Bank
US Funds
Visa Law Group
Wachovia
Widewaters
WPM Construction
WSFS Bank

Hotels Appraised

ALABAMA
Baymont Inn & Suites, Oxford
Hilton Garden Inn, Tuscaloosa


ARIZONA
Marriott University Park, Tucson


CALIFORNIA
Embassy Suites on Monterey Bay, Seaside


COLORADO
Super 8, Colorado Springs
DoubleTree, Westminster


CONNECTICUT
Holiday Inn Express, East Windsor
Hampton Inn, Shelton


DELAWARE
Crowne Plaza, Claymont
Microtel Inn & Suites, Dover
Proposed La Quinta Inn & Suites, Dover
Comfort Suites (Four Points Conversion), Newark
Four Points Conversion (Closed), Newark
Proposed Hampton Inn & Suites, Newark
Red Roof Inn, Newark
DoubleTree, Wilmington
Proposed Westin Downtown, Wilmington


DISTRICT OF COLUMBIA
Capella Hotel Georgetown
Embassy Washington, D.C.
Marriott Marquis
Proposed Cambria Suites
Proposed Hampton Inn
Proposed Homewood Suites by Hilton
Proposed Hyatt Place
Proposed InterContinental
Proposed Marriott Marquis
Proposed SpringHill Suites
Quality Inn Redevelopment 1 - Proposed Hampton Inn
Quality Inn Redevelopment 2 - Proposed Homewood Suites
Washington Hilton
Willard Intercontinental Hotel and Office


FLORIDA
Proposed W, Boca Raton
Seagate Hotel and Beach Club, Del Ray Beach
Ritz-Carlton (formerly St. Regis), Fort Lauderdale
TownePlace Suites, Miami
TownePlace Suites, Miami Lakes
Proposed Hotel Saba, Rosemary Beach
Holiday Inn, Tallahassee
Embassy Suites, Tampa


GEORGIA
Fairfield Inn Six Flags, Atlanta
Hampton Inn Airport, Atlanta
Westin Airport, Atlanta
Hampton Inn, Cartersville
Days Inn, College Park
Hampton Inn, Fairburn
Hampton Inn, Marietta
Hospital, Montezuma
Hampton Inn, Waycross


HAWAII
Kona Kamehameha, Kona


ILLINOIS
Hotel Allegro, Chicago
Ramada Inn, Plymouth


INDIANA
Holiday Inn Express, Greenfield
Country Inn & Suites, Indianapolis


IOWA
Sheraton, West Des Moines


KANSAS
Radisson (conversion to Crowne Plaza), Lenexa
Capitol Plaza, Topeka


LOUISIANA
Holiday Inn New Orleans Westbank, Gretna
Holiday Inn, New Orleans


MAINE
Proposed Hotel, Oxford


MARYLAND
Brookshire Suites, Baltimore
Embassy Suites Airport, Baltimore
Holiday Inn Inner Harbor, Baltimore
Hotel Indigo, Baltimore
Proposed Extended-Stay Hotel, Baltimore
Proposed Four Points by Sheraton, Baltimore
Proposed Holiday Inn Express, Baltimore
Proposed Hotel Indigo, Baltimore
Proposed Staybridge Suites, Baltimore
Radisson Cross Keys, Baltimore
Sheraton Baltimore City Center, Baltimore
Comfort Inn of Solomons, Beacons Marina
Residence Inn by Marriott, Bethesda
Hilton Columbia, Columbia
Holiday Inn Express, Easton
Courtyard by Marriott, Frederick
Wyndham Garden Hotel, Gaithersburg
Proposed Courtyard, Germantown
Sleep Inn & Suites, Hagerstown
Proposed aloft, Hanover/Arundel Mills
Proposed element, Hanover/Arundel Mills
Comfort Inn, Hunt Valley
Courtyard Baltimore Hunt Valley, Hunt Valley
SpringHill Suites BWI, Linthicum
Staybridge Suites BWI, Linthicum
Sleep Inn BWI, Linthicum Heights
Metro Points Hotel, New Carrollton
Courtyard by Marriott, Ocean City
Proposed Select-Service Hotel & Conference Center, Queen Anne’s County
Proposed Mirbeau Inn & Spa, Queenstown
Inn at Perry Cabin, St. Michaels
Holiday Inn, Towson
Proposed Residence Inn by Marriott, Upper Marlboro


MASSACHUSETTS
Proposed Limited-Service Hotel, Boston
Hilton, Dedham
Proposed Holiday Inn Express, Plainville


MISSISSIPPI
Comfort Suites, Starkville


MISSOURI
La Quinta Inn, Kansas City


NEBRASKA
American Inn, Alliance
Carlisle Hotel, Omaha
Comfort Inn & Suites, Omaha


NEW HAMPSHIRE
Days Inn, Campton


NEW JERSEY
Hampton Inn, Blackwood
Proposed Red Roof Inn, Bordentown
Proposed Hotel, Brick
Days Inn, Brooklawn
Holiday Inn, Budd Lake
Clarion Hotel Conversion, Cherry Hill
Residence Inn, Cranbury
Proposed SpringHill Suites, East Rutherford
Residence Inn by Marriott, Egg Harbor
Proposed Sheraton Hotel, Elmwood Park
Proposed Hampton Inn, Jersey City
Proposed Homewood Suites, Jersey City
Proposed Hotel, Lakewood
Courtyard by Marriott, Lebanon
Proposed Fairfield Inn & Suites, Millville
Proposed Hotel, Millville
Proposed TownePlace Suites, Millville
Hampton Inn, Mount Holly
Hilton Garden Inn, Mount Laurel
Proposed aloft, Mount Laurel
TownePlace Suites, Mount Laurel
Hilton Downtown, Newark
Ramada Inn, North Bordentown
Proposed Staybridge Suites, North Brunswick
Hampton Inn, Pennsville
Best Western, Pompton Plains
Courtyard by Marriott, Princeton
Courtyard by Marriott, Secaucus
Residence Inn, Somerset
Proposed TownePlace Suites, Swedesboro
Comfort Inn, Vineland
Travel Inn, Vineland
Broadway Motel, Washington


NEW YORK
Comfort Inn, Albany
Comfort Inn & Suites, Albany
Holiday Inn, Albany
Capri Whitestone Motel, Bronx
Proposed Holiday Inn Express, Bronx
Proposed South Bronx Hotel, Bronx
Hotel 718, Brooklyn
Proposed Hotel, Brooklyn
Quality Inn, Catskill
Comfort Suites, Clifton Park
Proposed Limited-Service Hotel, Cortland
Hampton Inn, East Aurora
Endicott Inn, Endicott
Hyatt Place, Garden City
Clarion Hotel, Ithaca
Ramada Inn, Ithaca
Holiday Inn/Office Building, Liverpool
Proposed Crowne Plaza, Long Island City
Proposed Hampton Inn, Long Island City
Proposed Courtyard by Marriott, New York City
Proposed Courtyard by Marriott, Oneonta
Brookwood Inn, Pittsford
Proposed Comfort Inn, Queens
Land Appraisal, Ronkonkoma
Proposed Lexington Club Hotel, Saratoga Springs


NORTH CAROLINA
Hampton Inn, Aberdeen
Embassy Suites, Cary
Comfort Inn, Charlotte
Holiday Inn Express, Kinston
Hampton Inn, Raleigh
Holiday Motel, Whiteville
Full-Service Restaurant, Winston-Salem


OREGON
Embassy Suites Airport, Portland


PENNSYLVANIA
Courtyard, Bensalem
Days Inn, Brookville
Sleep Inn, Carlisle
Crowne Plaza, Harrisburg
Woodloch Spa Resort, Hawley
Proposed Candlewood Suites, Hazelton
Proposed Holiday Inn Express, Lebanon
Days Inn, Lewisburg
Wingate Inn, Mechanicsburg
Le Meridien, Philadelphia
Proposed Hilton Garden Inn, Philadelphia
Proposed Hotel Falcon, Philadelphia
Proposed Hilton Garden Inn, Phoenixville
Hyatt Place, Pittsburgh
Proposed Hotel Indigo, Pittsburgh
SpringHill Suites, Pittsburgh
Proposed Hotel, Reading
Proposed SpringHill Suites, Royersford
Proposed Staybridge Suites, Royersford
Holiday Inn Express, Stroudsburg
Crowne Plaza, Trevose
Courtyard Philadelphia Valley Forge, Wayne
Proposed Warner Hotel, West Chester
Days Inn, Wilkes-Barre
Red Roof Inn, Wilkes-Barre
Holiday Inn Manchester Mall, York


SOUTH CAROLINA
Hampton Inn, Bluffton
Ramada, Clemson
Hampton Inn, Columbia
Holiday Inn Express, Greer
Courtyard by Marriott, Myrtle Beach
Econo Lodge, North Charleston


TENNESSEE
La Quinta Inn & Suites, Memphis
Hampton Inn, Murfreesboro


TEXAS
Country Inn & Suites, Dallas


VIRGINA
Comfort Inn, Alexandria
Days Inn, Alexandria
Monaco, Alexandria
Morrison House, Alexandria
Proposed Hilton Garden Inn, Alexandria
DoubleTree Crystal City, Arlington
TownePlace Suites, Chesapeake
Courtyard Fairfax Fair Oaks, Fairfax
Courtyard Herndon Reston, Herndon
Hilton, McLean
Proposed Mirbeau Inn & Spa, New Kent
Days Inn, Richmond
Residence Inn, Richmond
Residence Inn Northwest, Richmond
Country Inn & Suites, Sterling
Proposed Vienna MetroWest Hotel, Vienna
Studio 4 Less, Virginia Beach


WEST VIRGINIA
Embassy Suites, Charleston
Holiday Inn, Martinsburg


INTERNATIONAL

MEXICO
Gran Caribe, Cancun
Royal Cancun, Cancun
Gran Porto, Playa del Carmen
Royal Porto, Playa del Carmen

Articles

In Focus: Washington, DC

As economic recovery resumes and tourism strengthens, Washington, D.C. remains a top draw for leisur...

Jul 10, 2014 By Chelsey Leffet and Jerod S. Byrd

Market Intelligence Report 2013 Philadelphia

Unemployment in Philadelphia remains high, though the city’s broad economic base continues to ...

Aug 8, 2013 By Chelsey Leffet and Jerod S. Byrd

HVS Market Intelligence Report: Greater Wilmington, Delaware

The recent recession cut into Wilmington’s hotel market as demand from financial institutions ...

Apr 10, 2013 By Chelsey Leffet and Jerod S. Byrd

Market Intelligence Report: Wilmington and Newark, Delaware

Downsizing, travel freezes, and facility closings have made the climate bleak for hotels in northern...

Aug 28, 2009 By Jerod S. Byrd

HVS Market Intelligence Report: Philadelphia, Pennsylvania

A sluggish national economy hasn’t held back growth in Center City Philadelphia, where expansions of...

Jan 23, 2009 By Jerod S. Byrd

HVS Market Intelligence Report: Baltimore-Washington International Airport

Increased government activity triggers demand for additional hotel rooms in the Baltimore-Washington...

Oct 21, 2007 By Jerod S. Byrd