Consulting & Valuation - Chicago - Overview

With Chicago home to a critical concentration of financial firms, real estate investment firms, and architecture, design, and management companies that serve the hospitality industry, HVS Chicago is the premier hotel consulting and valuation firm in the central U.S. Our service delivery methods set the industry standard with techniques based on sound economics and rigorous analytical methods.

Consulting & Valuation

Hans Detlefsen, MPP
+1 (312) 587-9900 ext. 15

We have performed hundreds of assignments analyzing the feasibility of convention and conference centers, headquarters hotels, arenas, stadiums, event and civic centers, performing arts facilities, hospitality developments, tourism attractions, water parks, entertainment/urban development districts and museums.

Our office performs the following consulting & valuation services:

Appraisals Economic Impact Studies Feasibility Studies Financing Strategies Foreclosures Highest and Best Use Analyses

IACC-Certification Advisory Services Market Studies Military Housing Portfolio Asset Valuations RFQ/RFP Assistance Tax Revenue Projections

Highlights of how we can benefit you include:

• Specialized expertise in evaluating hotel conference centers and convention headquarters hotels through our partnership with the HVS Convention, Sports & Entertainment Facilities Consulting division, also located in Chicago. Because we understand the entire process, we can help you evaluate the risks and benefits likely to be encountered through every step of the development.
• Our understanding of the important and complex interactions between conference center and hotel operations. For example, when a public entity, private developer, or public-private partnership plans to develop a hotel conference center, a key consideration in the "Concept & Program Recommendations" phase is to determine whether the property should be IACC-certified. Our research in the Feasibility Study phase of planning provides much-needed evidence to help make this important decision.
• Our proprietary database which includes detailed revenue and expense data for 60,000 actual hotels and conference centers around the world. Our approach to collecting data on your community and detailed information about the competitive set of hotels in your market area is thorough and complete.
• Highest and best use advisory services for troubled assets. When hotel owners default on loans or when hotels perform significantly worse than anticipated, lenders and equity investors may need to consider drastic changes. We are experts at applying the appraisal concepts of "Highest and Best Use" to your hotel property.
• With today's economic conditions, we can help you best manage your assets, from alternatives to conventional financing that you help you narrow your project's financing gap, to options to consider if your hotel loans are scheduled to mature.