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Consulting & Valuation - Toronto - Overview
HVS Toronto, established in 1993 by Betsy McDonald, MAI, AACI, FRICS, can handle your needs in Canada including the Northwest Territories, the Yukon and Nunavut, and the eastern provinces. With MAI (Member of the United States Appraisal Institute), AACI (Accredited Appraiser Canadian Institute) and FRICS (Fellow, Royal Institution of Chartered Surveyors) designations, we understand the Uniform Standards of the U.S. and Canada; our appraisals are accepted on both sides of the border.
All our associates hold university degrees in hotel administration and are taking further courses toward AACI designation at the University of British Columbia. In fact, the University is responsible for all AACI education in Canada and its hotel course was written by HVS managing directors Betsy MacDonald, Suzanne Mellen, MAI, CRE, and Steve Rushmore, MAI, CRE, CHA. Most of our staff has on-site hotel operating experience and extensive training in real estate.
The Vancouver office performs the following consulting & valuation services:
- Hotel Appraisals
- Market Feasibility Studies
- Development Consulting
- Operator Selection
- Management Contract Analysis
- Site Analysis
- Negotiations
- Litigation Support
- Strategic Advice
We advise in the development of new hotels, working with developers, architects and other development team members to conceptualize the optimal lodging product for a particular site.
HVS Vancouver also has extensive experience in providing expert analysis and testimony on a variety of topics:
- Damages
- Property tax values
- Management competency
- Contracts and agreements
- Hotel industry standards
The Vancouver office publishes Canadian Lodging Outlook monthly in conjunction with Smith Travel Research. This publication summarizes monthly hotel occupancies and average room rates for major cities and provinces in Canada. We also publish Canadian Weekly Lodging Outlook.
