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:
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Highest and Best Use Analyses
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IACC-Certification Advisory Services
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Portfolio Asset Valuations
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Highlights of how we can benefit you include:
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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.
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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.
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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.
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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.
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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.