These are uncertain times for our industry, our clients, our colleagues, and our friends and families. The widespread impact of the coronavirus (COVID-19) is unprecedented.
As we move through this disruptive period, HVS is here for you. We stand, safe and fully functional, ready to assist you, our valued clients, with any aspect of your business as we work together through this challenging time.
HVS has been supporting the hospitality industry for over 40 years. Our senior staff represents a collective 500+ years of experience advising our industry, including through major downcycles and events throughout the world.
This knowledge and experience are available to support you as you navigate these challenging times. Our platform is available on a remote basis, so our staff can access the comprehensive resources of HVS to assist you. And with an on-the-ground presence in markets across the globe, we can provide local insights on a real-time basis.
We stand ready to support you whether you are a developer, owner, operator, lender, or investor. Our expertise covers the full range of hospitality assets and spans the full life cycle of a hotel.
We recognize there are difficult times ahead but are confident that the hospitality industry will recover. As we move forward, we will continue to provide you with our latest insights and information.
And of course, if we can be of help to you in any way, please don’t hesitate to reach out to us.
Learn How We Can Support Your Immediate NeedsMAKE INFORMED INVESTMENT DECISIONS WHEN THE STAKES ARE THE HIGHEST
Over the past 40 years, HVS has supported the hospitality industry through all major hotel downcycles. Here are representative examples of how we can help you during this time of extraordinary operational and financial challenges.
Hotel Owners
- Turn-Around Occupancy, ADR and Net Income Projections to Support Lender Forbearance and Deferment Negotiations
- Hotel Appraisals to Assess Valuations Often Commissioned by Lenders and Special Servicers
- Expert Testimony to Support a Hotel’s Recovery, Litigate Force Majeure Issues, and Support Bankruptcy Reorganizations
- Assistance in Negotiating with Brands for Reductions in Brand Requirements and Deferment of Fees
- Broker Opinion of Value Using a Dual-Basis Approach: Today’s Market Conditions and Future Market Conditions, as well as Hotel Brokerage Services
- Residential Market Analysis and Evaluation of Conversion, Renovation, and Programming Strategies
- Property Tax Appraisals and Consulting to Assist in Determining if a Meaningful Reduction in the Property Tax Burden is Justified
Hotel Lenders and CMBS Special Services
- Three-Point Hotel Appraisals: Today, Recovery, and Normalcy, including Detailed Cash Flow Projections
- "What to Do" Recommendations, including Whether to Defer or Foreclose and Determining When or Whether the Asset Will Recover
- Expert Testimony for Foreclosure and Bankruptcy
- Asset Management from Work-Out to Foreclosure to Disposition
- Receivership Services
- Selection of Work-Out Hotel Management Companies and Trustees
- Executive Search to Find Experienced Hotel Work-Out Specialists
- Hotel Brokerage Services to Quickly Dispose of Non-Performing Hotels
Hotel Management Companies
- Assistance Procuring Work-Out Opportunities
Public Agencies and Destination Marketing Organizations
- Tax Studies in Support of Municipal Debt Restructuring
- Economic and Fiscal Impact Analysis
About HVS
HVS is the only global consulting firm focused exclusively on the hospitality industry. We are comprehensive in our solutions but single-minded in our focus, helping you succeed in the complex hospitality arena.
With more than 300 people in over 50 offices throughout the world, we offer expertise across all types of hospitality assets, including hotels, restaurants, casinos, shared-ownership lodging, mixed-use developments, golf courses, and spa and wellness, as well as conventions, sports, and entertainment facilities.
From a feasibility study when planning to build or buy a property, to advice on an exit strategy— and everything in between—we offer a wealth of hospitality intelligence, extensive expertise, a global reach, and local market understanding to help you achieve the results you want.
Wherever you’re located, we are ready to provide help with financing, developing, owning, or operating a hospitality property. Please contact us to learn more about how we can help you.
