McKenna Luke, MAI

Consulting Experience

A Senior Vice President with HVS, McKenna Luke, MAI, is an expert in the lodging markets of the Southwest region, particularly in New Mexico and Arizona. McKenna’s background in hospitality spans from hotel operations to advisory roles related to full-service hotel acquisitions and new developments. Her expertise includes small independent inns, complex resorts, full-service metropolitan hotels, and historic conversions. McKenna has extensive nationwide hotel consulting and valuation experience having lived and worked in Colorado, Texas, Missouri, Oklahoma, South Carolina and, most recently, New Mexico. In addition to traditional hospitality work, she has conducted appraisals　of casino operations in Las Vegas, Atlantic City, and Pennsylvania, as well as ski resorts in California, Montana, North Carolina, and Canada. McKenna graduated summa cum laude from the University of Denver, from which she later earned an MBA. She holds a certified general appraisal license and is a Designated Member of the Appraisal Institute (MAI).

Employment History

2012 to present
HVS CONSULTING AND VALUATION SERVICES
New Mexico

2011 – 2012
STONEBRIDGE COMPANIES
Englewood, Colorado

2011
HYATT REGENCY CONVENTION CENTER
Denver, Colorado

2009 – 2011
UNIVERSITY OF DENVER RECREATION DEPARTMENT
Denver, Colorado

2010
HYATT REGENCY TECH CENTER
Denver, Colorado

2009
THE STANLEY HOTEL
Estes Park, Colorado

2005 – 2008
PATTY JEWETT BAR AND GRILL
Colorado Springs, Colorado

Education

MBA – Daniels College of Business, University of Denver
Finance

BSBA – Daniels College of Business, University of Denver
Hospitality Management

Other Specialized Training Classes Completed:
Uniform Standards of Professional Appraisal Practice – 15 hours
Basic Appraisal Procedures – 30 hours
Basic Appraisal Principles – 30 hours
General Appraiser Income Approach – 60 hours
General Appraiser Market Analysis and HBU – 30 hours
General Appraiser Site Valuation and Cost Approach – 30 hours
General Appraiser Sales Comparison Approach – 30 hours
General Appraiser Report Writing and Case Studies – 30 hours
Business Practices and Ethics – 7 hours
Statistics, Modeling and Finance – 15 hours
Advanced Income – 30 hours
Advanced Market Analysis and HBU – 40 hours
Quantitative Analysis – 40 hours
General Demonstration Report Writing – 7 hours
Eminent Domain – 7 hours
Forecasting Revenue – 7 hours
Intro to Green Buildings – 7 hours
Land and Site Valuation – 7 hours
Capstone – Demo Report
Vineyard Valuation Seminar – 7 hours
Biennial USPAP Updates

Court of Master Sommelier, Americas
Introductory Course & Examination – 18 hours

Affiliations

Appraisal Institute – Designated Member (MAI)

State Certification

New Mexico

Hotels Evaluated

Sample List for Illustrative Purposes

PORTFOLIO VALUATION
Portfolio of 12 Great Wolf Lodge Properties, Various Locations
Portfolio of 10 Marriott- or Hyatt-branded Hotels, Various Locations
Portfolio of 14 Boutique Hotels
Portfolio of 2 Best Western Hotels, Colorado Springs
Portfolio of 2 Cloverleaf Suites Hotels, North Carolina and South Carolina
Portfolio of 4 Boutique Hotels, California
Portfolio of 7 Full-Service Hotels, Various Locations
 
ALABAMA
Proposed Hotel, Section
 
ARIZONA
Wyndham Garden Hotel Phoenix Midtown, Phoenix
Embassy Suites by Hilton, Scottsdale
Market Area Overview, Scottsdale
JW Marriott Starr Pass Resort & Spa, Tucson
 
ARKANSAS
Quality Suites, Paragould
 
CALIFORNIA
Hilton, Anaheim
Portofino Inn & Suites, Anaheim
Sheraton Park Hotel at the Anaheim Resort, Anaheim
Bear Valley Ski Resort, Bear Valley
Radisson Hotel, Brisbane
Park Hyatt Aviara, Carlsbad
Proposed Hampton Inn, Chico
Proposed Boutique Hotel, Copperopolis
Proposed Reverb by Hard Rock, Cotati
Proposed Hyatt Hotel, Fresno
Hampton Inn & Suites Los Angeles Glendale, Glendale
Ritz-Carlton Half Moon Bay, Half Moon Bay
Best Western Plus South Bay LAX Airport, Lawndale
Westin, Long Beach
Days Inn Hollywood Near Universal Studios, Los Angeles
Hotel Normandie, Los Angeles
Proposed Courtyard and Residence Inn by Marriott, Marina Del Rey
Proposed Element by Westin, Milpitas
InterContinental Clement Monterey, Monterey
Portola Hotel & Spa Monterey Bay, Monterey
Hotel Indigo Napa Valley, Napa
Ivy Hotel, Napa
Proposed Moxy Uptown Oakland, Oakland
Proposed Oakland Hotel, Oakland
Villa Royale Inn, Palm Springs
Proposed Graduate Hotel, Palo Alto
Courtyard by Marriott Richmond/Berkeley, Richmond
Hilton Garden Inn Sacramento Airport Natomas, Sacramento
Fairfield Inn & Suites by Marriott San Francisco San Carlos, San Carlos
Proposed SpringHill Suites, San Diego
Wyndham Garden San Diego SeaWorld, San Diego
Aquarium of the Bay, San Francisco
Four Points SFO, South San Francisco
Hilton San Francisco Financial District, San Francisco
Holiday Inn Fisherman's Wharf San Francisco, San Francisco
Hotel G, San Francisco
Hyatt Place San Francisco Downtown, San Francisco
Scarlet Huntington, San Francisco
Stanford Court, San Francisco
Hyatt Centric, Santa Barbara
Proposed La Bahia Hotel, Santa Cruz
Hotel Santa Rosa, Santa Rosa
Domain Hotel Silicon Valley, Sunnyvale
Proposed Vallejo Waterfront Hotel, Vallejo
Proposed Boutique Hotel, Walnut Creek
 
COLORADO
Proposed Hotel Indigo, Denver
Stanley Hotel, Estes Park
Proposed Best Western Plus, Hayden
Courtyard by Marriott Denver Southwest Lakewood, Lakewood
Residence Inn by Marriott Denver Southwest Lakewood, Lakewood
Hyatt House, Colorado Springs
TownePlace Suites by Marriott Colorado Springs South, Colorado Springs
 
CONNECTICUT
DoubleTree by Hilton Hotel, Norwalk
 
DELAWARE
Sheraton Suites, Wilmington
 
FLORIDA
Wyndham Hotel, Boca Raton
Dreamview Beachfront Hotel & Resort, Clearwater Beach
Plantation on Crystal River an Ascend Hotel Collection Member, Crystal River
SpringHill Suites by Marriott, Gainesville
Marriott Beachside Condo Hotel Key West, Key West
Brazilian Court Hotel & Beach Club, Palm Beach
Ritz-Carlton, Sarasota
 
GEORGIA
Hampton Inn (Southlake Parkway), Atlanta
Hampton Inn & Suites (Bobby Brown Parkway), Atlanta
Georgia Tech Hotel & Conference Center, Atlanta
Residence Inn by Marriott Atlanta Buckhead, Atlanta
Country Inn & Suites, Valdosta
 
HAWAII
Hyatt Centric Waikiki Beach, Honolulu
Four Seasons Resort O'ahu at Ko Olina, Kapolei
 
IDAHO
Proposed Comfort Inn & Suites, Boise
Proposed Sun Valley Hotel, Ketchum
 
ILLINOIS
Baymont Inn & Suites, Alsip
Hampton Inn, Bolingbrook
Proposed Hilton Garden Inn, Bolingbrook
Best Western, Burbank
Chicago Lake Shore Hotel, Chicago
Crossroads Hotel, Chicago
Independent Hotel, Chicago
Proposed Hampton Inn (Chicago Motor Club Conversion), Chicago
Proposed Holiday Inn Express, Chicago
Holiday Inn, Itasca
Sheraton Chicago Northbrook, Northbrook
Hyatt House, Warrenville
Hyatt Place, Warrenville
Super 8, Willowbrook
 
INDIANA
Fairfield Inn & Suites Indianapolis Airport, Indianapolis
Residence Inn by Marriott Indianapolis Airport, Indianapolis
Hilton Garden Inn Wabash Landing, West Lafayette
 
IOWA
Proposed Warrior Hotel at the Warrior and Davidson Buildings, Sioux City
 
KANSAS
Holiday Inn Express & Suites, Hays
Proposed Clinton Lake Hotel and Conference Center, Lawrence
Ambassador, Wichita
AmericInn, Wichita
Days Inn, Wichita
 
KENTUCKY
Holiday Inn Louisville Airport South, Louisville
 
LOUISIANA
DoubleTree by Hilton, New Orleans
Old No 77 Hotel & Chandlery, New Orleans
Quality Suites, Sulphur
 
MARYLAND
Motel 6, Annapolis
Homewood Suites/Hilton Garden Inn Inner Harbor, Baltimore
Proposed Extended-Stay Hotel, Baltimore
Proposed Staybridge Suites, Baltimore
 
MICHIGAN
Hawthorn Suites Dearborn Detroit, Detroit
Courtyard by Marriott Grand Rapids Airport, Kentwood
Red Roof Inn, Plymouth
Fairfield Inn & Suites Detroit Troy, Troy
TownePlace Suites by Marriott Detroit Troy, Troy
 
MINNESOTA
Embassy Suites, Bloomington
Le Bourget Aero Suites (conversion to Holiday Inn Express), Bloomington
Kahler Grand Hotel, Rochester
Kahler Inn & Suites, Rochester
Marriott Rochester Mayo Clinic, Rochester
Residence Inn by Marriott Rochester Mayo Clinic Area, Rochester
 
MISSOURI
Watermill Cove Resort, Branson
Crowne Plaza, Bridgeton
Limited-Service Hotel, Columbia
Hilton Kansas City Airport, Kansas City
Proposed Holiday Inn, St. Louis
Marriott St. Louis Grand Hotel, St. Louis
Holiday Inn Express, Sidney
Homewood Suites, Richmond Heights
Days Inn, Warrensburg
 
MONTANA
Holiday Inn Express, Sidney
 
NEVADA
Cal Neva Resort & Casino, Crystal Bay
Caesars Palace, Las Vegas
 
NEW JERSEY
Ocean Resort Casino, Atlantic City
Embassy Suites Secaucus Meadowlands, Secaucus
 
NEW MEXICO
Courtyard by Marriott, Albuquerque
Holiday Inn Albuquerque Airport, Albuquerque
Hyatt Place Albuquerque Airport, Albuquerque
Hyatt Place Albuquerque Uptown, Albuquerque
Sheraton Albuquerque Airport Hotel, Albuquerque
Comfort Suites, Las Cruces
Proposed Hotel, Los Alamos
Eldorado Hotel & Spa, Santa Fe
Four Season Resort Rancho Encantado, Santa Fe
Hotel St. Francis, Santa Fe
La Posada de Santa Fe Resort & Spa, Santa Fe
Hampton Inn, Taos
Taos Inn, Taos
Quality Inn, Tucumcari
 
NEW YORK
Fairfield Inn & Suites, Brooklyn
Holiday Inn Express, Fishkill
Holiday Inn Express, Hauppauge
Tioga Downs, Nichols
Holiday Inn Express Syracuse Airport, Syracuse
Radisson Hotel JFK Airport, Jamaica
Sheraton, Tarrytown
SpringHill Suites by Marriott, Tarrytown
Hampton Inn & Suites Binghamton Vestal, Vestal
 
NORTH CAROLINA
Residence Inn by Marriott Charlotte South at I-77 Tyvola Road, Charlotte
Candlewood Suites Durham Research Triangle Park, Durham
Fairfield Inn & Suites Hendersonville Flat Rock, Flat Rock
Proposed Holiday Inn Express Lumberton, Lumberton
Proposed Hotel Pilot Mountain, Pilot Mountain
Hampton Inn & Suites Pineville, Pineville
DoubleTree by Hilton, Rocky Mount
Staybridge Suites Wilmington East, Wilmington
Waynesville Inn Golf Resort & Spa, Waynesville
 
OHIO
Holiday Inn Express, Centerville
Microtel Inn & Suites by Wyndham, Saint Clairsville
Four Points by Sheraton Cleveland Airport, Cleveland
Hyatt Regency Cleveland at The Arcade, Cleveland
Marriott Cleveland Airport, Cleveland
 
OKLAHOMA
Proposed Country Inn & Suites, Edmond
Holiday Inn Express, Enid
Country Inn & Suites, Norman
Fairfield Inn & Suites by Marriott, Norman
Boutique Hotel, Oklahoma City
Full-Service Hotel, Oklahoma City
Homewood Suites by Hilton, Oklahoma City
Proposed 21c Hotel, Oklahoma City
Proposed Boutique Hotel, Oklahoma City
Proposed Candlewood Suites, Oklahoma City
SpringHill Suites by Marriott, Oklahoma City
Fairfield Inn & Suites, Stillwater
Ambassador Hotel, Tulsa
Embassy Suites, Tulsa
Hampton Inn, Tulsa
Proposed Best Western Plus, Tulsa
 
OREGON
Salishan Spa & Golf Resort, Gleneden Beach
Dossier Hotel, Portland
Hotel DeLuxe Portland, Portland
Hotel Lucia, Portland
Sentinel Hotel, Portland
Sunriver Resort, Sunriver
 
PENNSYLVANIA
Residence Inn by Marriott Philadelphia Valley Forge, Berwyn
Sands Casino Resort Bethlehem, Bethlehem
Le Méridien, Philadelphia
Renaissance Philadelphia Airport, Philadelphia
Hyatt Regency Pittsburgh International Airport, Pittsburgh
 
PUERTO RICO
El Conquistador Resort, Fajardo
Condado Plaza Hilton, San Juan
 
SOUTH CAROLINA
Suburban Extended Stay Hilton Head, Bluffton
Comfort Inn Blythewood, Blythewood
Belmond Charleston Place, Charleston
Proposed Boutique Hotel, Charleston
Aloft Columbia Downtown, Columbia
Proposed Downtown Columbia Hotel, Columbia
Red Roof Inn Columbia East Fort Jackson, Columbia
Suburban Extended Stay, Columbia
WoodSpring Suites Columbia Fort Jackson, Elgin
Proposed Home2 Suites by Hilton, Fort Mill
TownePlace Suites Greenville Haywood Mall, Greenville
Proposed SpringHill Suites, Lexington
WoodSpring Suites Columbia Lexington, Lexington
Homestead Lodge Gaffney, Gaffney
SpringHill Suites by Marriott Charleston Mount Pleasant, Mount Pleasant
Quality Inn Mullins, Mullins
Sea Mist Oceanfront Myrtle Beach, Myrtle Beach
WoodSpring Suites Greenville Simpsonville, Simpsonville
 
TENNESSEE
Hilton Garden Inn Memphis Wolfchase Galleria, Cordova
Comfort Suites, Germantown
DoubleTree by Hilton, Nashville
Hotel Preston, Nashville
Hotel Market Supply and Demand Study, Knoxville
 
TEXAS
SpringHill Suites by Marriott, Arlington
TownePlace Suites by Marriott, Arlington
Courtyard by Marriott Austin University Area, Austin
Fairfield Inn & Suites by Marriott Austin University Area, Austin
Super 8, Austin
Proposed Independent Hotel, Bee Cave
Crowne Plaza Downtown, Dallas
Holiday Inn Express Hotel & Suites Dallas East, Dallas
Holiday Inn Express Hotel & Suites Houston Kingwood, Houston
Four Seasons Resort Las Colinas, Irving
Proposed Value Place, Irving
Residence Inn Dallas Las Colinas, Irving
Wingate Las Colinas, Irving
TownePlace Suites by Marriott, Las Colinas
Proposed Select-Service Hotel, Mansfield
Quality Suites, Midland
La Quinta Inn & Suites, New Braunfels
Proposed Hyatt House, New Braunfels
Red Roof Inn, New Braunfels
Hyatt House Dallas Richardson, Richardson
Hilton San Antonio Airport, San Antonio
Super 8, San Antonio
Hampton Inn, Victoria
 
UTAH
Best Western Plus Landmark Hotel, Ballard
Amangiri Resort, Canyon Point
Proposed Hotel Component of Mixed-Use Project Moab, Moab
Hampton Inn, Provo
Holiday Inn Express Sandy South Salt Lake City, Sandy
 
VIRGINIA
Wingate Inn Dulles Airport, Chantilly
Best Western Plus Portsmouth Chesapeake Hotel, Chesapeake
Hampton Inn, Danville
Best Western Windsor Inn & Suites, Danville
Hampton Inn, Danville
Westin Tysons Corner, Falls Church
Comfort Inn, Gloucester
Holiday Inn Express Hotel & Suites, Manassas
 
WASHINGTON
Hilton, Bellevue
Hilton Garden Inn, Bothell
Hotel Max, Seattle
Hyatt Regency Seattle, Seattle
Roosevelt Hotel, Seattle
Hotel Murano, Tacoma
Proposed Marriott Hotel Tacoma Convention Center, Tacoma
 
WEST VRIGINIA
Microtel Inn & Suites by Wyndham, Triadelphia
 
WISCONSIN
Super 8, Antigo
Best Western, Manitowoc
Hampton Inn & Suites Downtown Milwaukee, Milwaukee
Holiday Inn Milwaukee Riverfront, Milwaukee
 
WYOMING
Snow King Resort, Jackson
 
INTERNATIONAL 
 
Mexico
Proposed Hotel, Tijuana

My Articles

HVS Market Pulse: Columbia, South Carolina

Columbia’s hospitality industry and overall economy are expected to continue to be spurred by a recent tax incentive, strength of area businesses, and growing tourism.

• September 19, 2019 By McKenna Luke

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Columbia , South Carolina , United States , North America

Vineyard and Winery Market Intelligence

From golf courses to ski resorts and everything in between, we have the skills and knowledge to help you with any hospitality projects. A recently added specialty at HVS includes vineyard/winery-related market studies, consulting, and appraisals.

• December 20, 2018 By McKenna Luke

• Lending , Hotel Operations , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , North America

Key Takeaways: Hunter Conference

Investors, buyers, bankers, appraisers, and owners gathered at the Hunter Hotel Conference in Atlanta, Georgia, March 22–24, 2017.

• April 3, 2017 By McKenna Luke , Heidi S. Nielsen

• Hotel Investments & Ownership , Travel & Tourism , Economic Trends and Cycles , Hotel Brands , North America

Industry Insights: Impacts of Major Brand PIPs

The increase of new supply across the United States, the aging condition of limited-service hotels, and an inconsistency of quality across branded hotels has required franchisors to create and implement new design standards.

• February 20, 2017 By McKenna Luke , Dinaker P. Mallya

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Hotel Brands , United States , North America

Key Considerations for Historic Building Conversions

In response to rising demand for unique designs, developers are turning to adaptive reuse as a means of creating one-of-a-kind hotels. Historic building conversions come with their own sets of challenges, balanced by potential rewards.

• February 13, 2017 By Shannon L. Sampson , McKenna Luke , Mallory B. White

• Development & Construction , Architecture & Interior Design , United States , North America

Four Key Takeaways | 2015 North America Tourism & Hospitality Investment Conference (NATHIC)

Foreign Direct Investment in U.S. enterprises has doubled over the past 15 years, a sign of investor confidence in American real estate, including hotels. The NATHIC event also spoke to what moves will set hoteliers ahead in the current market.

• November 16, 2015 By Heidi S. Nielsen , McKenna Luke , Kirby D. Payne

• Hotel Investments & Ownership , Asset Management , Development & Construction , Valuations & Market Studies , Travel & Tourism , Brokerage & Transactions , Economic Trends and Cycles , North America

Three Key Takeaways | North America Hotel Investment Conference 2014

Hotel stakeholders shared a diversity of insights into U.S. hotel industry trends ranging from innovative brands to today’s tech-savvy travelers. Overall, hotel performance is high, buoying optimism among hoteliers as the industry heads into 2015.

• December 15, 2014 By McKenna Luke , Meghan B. Larmore

• Hotel Investments & Ownership , Asset Management , Travel & Tourism , Economic Trends and Cycles , Hotel Brands , Hotel Companies , Hotel Franchises , Hotel Management , North America

In Focus - Health and Wellness Hotel Trends

The health and wellness travel segment is growing immensely, creating a market for hotels that cater to the health-conscious guest. The EVEN and Element hotel brands are pushing the envelope, with wellness built into their very design.

• August 4, 2014 By McKenna Luke

• Development & Construction , Travel & Tourism , Economic Trends and Cycles , Hotel Brands , Hotel Companies , North America

Market Intelligence Report 2013: Oklahoma City

Employment in Oklahoma City stands far ahead of the nation, and activity generated by agriculture, energy concerns, and the military has kept the economy going strong. What has this meant for recent hotel performance, supply, and transactions?

• May 20, 2013 By McKenna Luke

• Valuations & Market Studies , Economic Trends and Cycles , North America

HVS Market Intelligence Report: Oklahoma City, Oklahoma

Business relocations and expansions are one sign of Oklahoma City’s economic strength since the recent recession; increasing hotel tax revenues, greater demand, and new supply demonstrate the strength of the city’s hotel sector.

• February 4, 2013 By McKenna Luke

• Valuations & Market Studies , Economic Trends and Cycles , North America