Consulting & Valuation - Chicago - Overview

HVS Chicago is the premier hotel consulting and valuation firm in the central United States. If you are searching for a highly qualified, service-oriented hotel appraisal and consulting firm, please call on us.

Our office is located in the heart of Chicago's downtown "Loop" district, providing convenient access, and a central location, to all major national and international destinations.

From small motels to 1,000-room convention headquarters hotels, we analyze projects representing the entire spectrum of product types within the hospitality industry. Our consulting and valuation services include:


  • 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

We also specialize in feasibility studies of related hospitality facilities, such as Banquet Facilities, Convention Centers, IACC-certified Conference Centers, Mixed-Use Developments, Shared-Ownership/Condominium Hotels, and Water Parks.

Feedback from current and past clients indicates the following reasons why HVS is the premier valuation and consulting firm in the hospitality industry. When we survey clients to determine why they selected us over our competitors, the following are some of the reasons they provide.

  • Specialization - HVS consultants are specialists in the hotel and conference center industries. We are not general commercial appraisers who occasionally accept hotel assignments. Rather, we focus specifically on the hospitality sector and bring our specialized expertise to bear on your assignment.

  • Industry Database - Our proprietary SPIDER database includes data on more than 60,000 actual hotels and conference centers around the world. Because our 21 offices conduct more than 2,000 hospitality consulting and valuation assignments each year, HVS has the largest and fastest-growing database of this sort. Our detailed revenue and expense data on every type of hotel is far superior to data collected by any of our competitors.

  • Thorough Fieldwork - HVS conducts the most thorough fieldwork in the industry. Our clients benefit from our thorough approach to collecting data on your community and detailed information about the competitive set of hotels in your market area.

  • Quality and Reputation - Many clients wish to obtain studies suitable for presenting to investors, lenders, operators, and rating agencies. HVS is recognized by all, and preferred by many, of these individuals and organizations due to the quality of our work and our reputation in the industry. We encourage you to discuss our work product with former clients who have retained both HVS and our competitors in the past to gain a candid assessment of our work.

If you are searching for a highly-qualified, experienced, and efficient hotel appraisal and consulting firm, please call on us. We can share our recent experience with you in greater detail and provide you with references. For more information, please call Hans Detlefsen, MPP, Director at (312) 587-9900. For a complete list of telephone numbers and e-addresses, click here.