Chris Fernandes

Consulting Experience

A Director with HVS New York, Chris has completed more than 300 appraisals, market and feasibility studies, and consulting engagements throughout the New England, Mid-Atlantic, and Southeast regions. Chris is the New York City market leader for the firm, having appraised over 200 hotels across all five boroughs. His extensive expertise is highlighted below.

• Chris specializes in complex, urban-center properties, with extensive understanding of full-service and luxury operations. Assets of this type that Chris has consulted on include the following:
  • Crosby Street Hotel, Manhattan
  • Greenwich Hotel, Manhattan
  • Mandarin Oriental, Manhattan
  • Equinox Hotel, Manhattan
  • NoMad Hotel, Manhattan
  • Mercer Hotel, Manhattan
  • Wythe Hotel, Brooklyn
  • Marriott Downtown, Brooklyn
  • Hilton, Brooklyn
     
• He also publishes HVS’ Manhattan Lodging Overview each quarter. Please email Chris directly for a copy of the most recent quarterly publication.
   
• Given his deep knowledge of the New York City market, Chris has advised developers on site selection and performed work for several high-profile projects in their pre-development phase. Examples of these projects are listed below.
  • Proposed Ritz-Carlton NoMad, Manhattan
  • Proposed Four Seasons Downtown, Manhattan
  • Proposed Virgin Hotel, Manhattan
  • Proposed Whitby Hotel, Manhattan
  • Proposed Ace Hotel, Brooklyn
  • Proposed Williamsburg Hotel, Brooklyn
  • Proposed TWA Hotel at JFK Airport, Queens
  • Various Proposed Dual- and Triple-Branded Hotels

Employment History

2013 to present
HVS CONSULTING AND VALUATION SERVICES
New York, New York

Spring 2013
COURTYARD BY MARRIOTT UNIVERSITY OF DELAWARE
Newark, Delaware

Summer 2012
PRINCETON UNIVERSITY – CONFERENCE AND EVENT SERVICES
Princeton, New Jersey

Education

BS – University of Delaware

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 (Parts I and II) – 60 hours
Online Supervisor/Trainee Class – 4 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
Real Estate Finance, Statistics, Valuation Modeling – 15 hours
Advanced Income Capitalization – 30 hours
Quantitative Analysis – 40 hours
Biennial USPAP Updates

Hotels Evaluated

Sample List for Illustrative Purposes

ARIZONA 
Hampton Inn Phoenix Chandler, Chandler
Red Roof Inn Phoenix Airport, Tempe
 
CONNECTICUT 
Proposed Hotel at the Quinnipiack Club, New Haven
Hilton Garden Inn, Norwalk
Homewood Suites by Hilton, Stratford
 
DELAWARE 
Best Western, Bear
 
FLORIDA 
Embassy Suites, Boca Raton
Proposed Mandarin Oriental, Boca Raton
Courtyard by Marriott, Clearwater
Sheraton Suites, Fort Lauderdale
Hilton Garden Inn, Fort Myers
Proposed Radisson Blu, Hallandale Beach
Courtyard by Marriott, Jupiter
Best Western I-Drive, Orlando
Best Western Plus, Palm Beach Gardens
Homewood Suites, Port Richey
Hampton Inn, Melbourne
Holiday Inn Express Conversion, Naples
Holiday Inn Express, Sebring
Courtyard by Marriott Westshore, Tampa
SpringHill Suites by Marriott, Tampa
Holiday Inn, Titusville
 
ILLINOIS 
Comfort Suites Michigan Avenue, Chicago
Holiday Inn Express, Hillside
Marriott, Hoffman Estates
 
INDIANA 
Microtel Inn & Suites, Michigan City
 
MAINE 
Econo Lodge, Freeport
 
MARYLAND 
Historic Inns of Annapolis, Annapolis
Baltimore Harbor Hotel, Baltimore
 
MASSACHUSETTS 
SpringHill Suites by Marriott Boston Peabody, Peabody
 
MISSOURI 
Elms Resort & Spa, Excelsior Springs
 
NEW HAMPSHIRE 
Proposed Hotel Londonderry, Londonderry
Sleep Inn, Londonderry
 
NEW JERSEY
Howard Johnson, Bellmawr
Proposed Hotel Cherry Hill, Cherry Hill
Proposed Hotel The Plaza at Woodbridge, Iselin
Proposed Hotel Hudson Mall, Jersey City
Rodeway Inn, Jersey City
Proposed Select-Service Hotel, Lakewood
Days Inn, Monmouth Junction
Staybridge Suites, Mount Laurel
Howard Johnson, New Brunswick
Howard Johnson Express Inn North Plainfield, North Plainfield
Proposed Hotel at Bergen Town Center, Paramus
Proposed Le Meridien, Parsippany
Madison Suites Hotel, Somerset
Comfort Inn & Suites, Tinton Falls
Red Roof Inn, Tinton Falls
Holiday Inn Express, Westampton
 
NEW YORK 
New York State/Long Island
Hampton Inn, Brookhaven
Proposed Hampton Inn, Cazenovia
Proposed Courtyard by Marriott Central Valley, Central Valley
Hampton Inn White Plains Tarrytown, Elmsford
Hyatt House, Fishkill
Garden City Hotel, Garden City
Holiday Inn Express, Hauppauge
Residence Inn by Marriott Long Island Hauppauge, Hauppauge
Residence Inn by Marriott, Holtsville
Country Inn & Suites Big Flats, Horseheads
Rodeway Inn, Huntington Station
Proposed Hotel Yorktown, Jefferson Valley
Hampton Inn Johnson City New York, Johnson City
Proposed Best Western, Margaretville
Gaslight Motor Inn, Medford
Homewood Suites by Hilton, Melville
Hampton Inn Nanuet, Nanuet
Hilton Garden Inn, Nanuet
Ramada Rock Hill At Sullivan Center, Rock Hill
Holiday Inn Express, Roslyn
Courtyard by Marriott, Rye
Hilton Garden Inn, Saratoga Springs
Catskill Seasons Inn, Shandaken
Quality Inn, Schenectady
Residence Inn by Marriott, White Plains
Ritz-Carlton Westchester, White Plains
Jones Beach Hotel, Wantagh
Hilton Garden Inn Westbury, Westbury
Proposed Home2 Suites by Hilton, Woodbury
Hampton Inn & Suites Yonkers, Yonkers
 
Bronx
Proposed Boutique Hotel
Proposed Comfort Inn
 
Brooklyn
Best Western Atlantic Avenue
Box House Hotel
Comfort Inn Emmons Avenue
Holiday Inn Brooklyn Downtown
Holiday Inn Express
Marriott Brooklyn Bridge
New York Marriott at the Brooklyn Bridge
Proposed Ace Hotel
Proposed Autograph Hotel
Proposed Franklin Guesthouse
Proposed Luxury Hotel
Proposed Marriott Autograph Hotel
Proposed Nobu Hotel Brooklyn
Proposed Williamsburg Hotel
Proposed Wingate by Wyndham
Sheraton Brooklyn
Tillary Hotel Brooklyn
Wyndham Garden
Wythe Hotel
 
Manhattan
1 Hotel Central Park
6 Columbus A Sixty Hotel
Aloft Harlem
Andaz Wall Street
Avalon Hotel
Beekman
Bentley Hotel
Blue Moon Hotel
Cambria Hotel & Suites Times Square
Candlewood Suites New York City Times Square
Cassa Times Square
Club Quarters Midtown
Club Quarters Rockefeller Center
Courtyard by Marriott Times Square South
Crosby Street Hotel
DoubleTree by Hilton New York City Chelsea
DoubleTree by Hilton New York Times Square West
Dream Hotel Downtown
Embassy Suites by Hilton New York Midtown Manhattan
Equinox Hotel Hudson Yards
Fairfield Inn & Suites by Marriott Manhattan Times Square
Fairfield Inn & Suites by Marriott New York Midtown Manhattan Penn Station
Fairfield Inn Fifth Avenue
Fairfield Inn Financial District
Fairfield Inn Penn Station
Four Points Financial District
Four Seasons Hotel Downtown
Four Seasons Hotel New York Downtown & Residences
Gallivant Times Square
George Washington Hotel
Gregory Hotel New York
Hampton Inn Chelsea Manhattan
Hampton Inn Manhattan Madison Square Garden Area
Hampton Inn Manhattan Soho
Hampton Inn Manhattan Times Square South
Hilton Garden Inn Central Park South
Hilton Garden Inn New York Manhattan Midtown East
Holiday Inn Express New York City Times Square
Holiday Inn Express New York City Wall Street
Holiday Inn New York City Wall Street
Hotel 32 32
Hotel 48LEX New York
Hotel Carter
Hudson Hotel New York
Hyatt Union Square New York
James Hotel New York
Joie De Vivre Hotel 50 Bowery New York
JW Marriott Essex House New York
Lexington New York City Autograph Collection Hotel
Magnuson Convention Center Hotel
Mandarin Oriental New York
Mansfield Hotel
Mercer Hotel
Milburn Hotel
Morgans Hotel
New York Manhattan Hotel
NoMo SoHo
Novotel New York Times Square
One UN Hotel
Park South Hotel
Peninsula New York
Proposed Ace Hotel Bowery
Proposed Aloft 11^th Avenue
Proposed Aman Hotel
Proposed Broadway Hotel
Proposed Broome Street Hotel
Proposed Courtyard by Marriott on West 34th Street
Proposed Courtyard by Marriott on West 34^th Street
Proposed Division Street Hotel
Proposed Dual-Branded Hotel
Proposed Fairfield Inn & Suites Greenwich
Proposed Freehand Hotel
Proposed Hard Rock New York
Proposed Holiday Inn
Proposed Hotel 11th Avenue
Proposed Hotel 50 Bowery
Proposed Hotel 5th Avenue
Proposed Hotel at 308 West 40^th
Proposed Hotel East 24th Street New York
Proposed Hotel Indigo Water Street
Proposed Hotel Le Fouquet's
Proposed Hotel West 34^th Street
Proposed Hyatt Place West 39th Street
Proposed Independent Hotel West 24th Street
Proposed Indigo Water Street
Proposed Joie de Vivre Hotel
Proposed Le Méridien 5^th Avenue
Proposed Luxury Boutique Hotel Orchard Street
Proposed Mixed-Use Development
Proposed Moxy 28th Street
Proposed MOXY Chelsea/28^th Street
Proposed Prince Hotel and Policy Hotel
Proposed Radisson Hotel
Proposed Renaissance West 25th Street
Proposed Ritz-Carlton Nomad
Proposed SLS Park Avenue
Proposed Tapestry or Tempo by Hilton
Proposed The Pestana Hotel New York
Proposed TownePlace Suites West 44th Street
Proposed Triple-Branded Hotel West 48th Street
Proposed Virgin Hotel
Proposed Walker Hotel
Proposed Warren Street Hotel
Renaissance New York Midtown Hotel
Residence Inn by Marriott Midtown East
Residence Inn by Marriott New York Manhattan Midtown East
Residence Inn by Marriott New York Manhattan World Trade Center Area
Residence Inn by Marriott Times Square
Roosevelt Hotel
Royalton Hotel
SIXTY LES
SIXTY SoHo
Smyth Tribeca Hotel
The Gallivant
The Peninsula
The Whitby Hotel
TRYP by Wyndham New York City Times Square South
Westin New York at Times Square
Westin New York Grand Central
Whitby Hotel
Yotel New York
 
Queens
Paris Suites, Corona
Hotel Q, Elmhurst
Fairfield Inn JFK Airport, Jamaica
Boro Hotel, Long Island City
Holiday Inn L.I City Manhattan View, Long Island City
Howard Johnson, Long Island City
Hyatt Place Long Island City, Long Island City
Proposed 32^nd Street Hotel, Long Island City
Proposed Best Western Premier LIC, Long Island City
Proposed Boutique Hotel, Long Island City
Proposed Hotel 24th Street, Long Island City
Proposed Limited-Service Hotel, Long Island City
Proposed Upper-Midscale Hotel, Long Island City
Super 8, Long Island City
Z Hotel, Long Island City
Proposed Hotel - Willets Point, Queens
Proposed Aloft LaGuardia Airport, Queens
Proposed Upscale Hotel at JFK Airport, Queens
 
Staten Island
Hampton Inn & Suites, Staten Island
 
NEW JERSEY 
Proposed Hotel Cherry Hill, Cherry Hill
Proposed Hotel The Plaza at Woodbridge, Iselin
Proposed Hotel Hudson Mall, Jersey City
Howard Johnson Express Inn North Plainfield, North Plainfield
Proposed AC/Element, Nutley
Proposed Hotel at Bergen Town Center, Paramus
 
NORTH CAROLINA 
Hampton Inn Charlotte University Place, Charlotte
Converted Cambria Suites (Brookwood Inn), Durham
Staybridge Suites Durham Chapel Hill, Durham
Suburban Extended Stay, Fayetteville
Suburban Extended Stay, Greensboro
Embassy Suites Raleigh Crabtree, Raleigh
 
OHIO 
Red Roof Inn, Grove City
Comfort Inn, Marysville
 
PENNSYLVANIA 
Inn of the Dove, Bensalem
Holiday Inn Express, Essington
MainStay Suites, Grantville
Hampton Inn Matamoras Milford, Matamoras
Econo Lodge, Mechanicsburg
Hampton Inn & Suites, Mill Hall
Proposed Hampton Inn, Philadelphia
Ramada, Philadelphia
Proposed Holiday Inn Express, Strasburg
Days Inn, York
 
RHODE ISLAND 
Marriott Providence Downtown, Providence
Providence Biltmore Curio Collection by Hilton, Providence
NYLO Hotel Warwick, Warwick
 
TEXAS 
Days Inn, Beaumont
Howard Johnson, Beaumont
Best Western, Houston
La Quinta Inn, Pearland
Proposed Hotel and Conference Center, Pearland
Red Roof Inn, Round Rock
 
VIRGINIA 
Microtel Inn & Suites, Culpeper
Comfort Inn, Dublin
Sleep Inn, Dumfries
 
WISCONSIN 
Radisson Paper Valley Hotel, Appleton
Holiday Inn, Neenah

Press Coverage

Amazon's Influence on Northern Virginia's Lodging Market, 2019
The commercial pricing after-party, 2017

My Articles

Manhattan Lodging Overview Summary – Q4 2020

The New York City borough of Manhattan has historically been among the strongest, most diverse, and most dynamic hotel markets in the world. Now almost one year into the COVID-19 pandemic, sustained business closures in New York City have resulted in little to no improvement in lodging performance since the pandemic began. When will New York begin to see meaningful recovery, and how long before the lodging performance returns to pre-pandemic levels?

• March 11, 2021 By Chris Fernandes , Anne R. Lloyd-Jones , Roland deMilleret

• Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , New York City , New York , United States , North America

Key Takeaways: 2017 NYU International Hospitality Industry Investment Conference

Over the two-day event, industry experts gathered to share their opinions on a wide variety of ownership, management, branding, lending, and economic topics.

• June 13, 2017 By Chris Fernandes

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