Justin Westad

Consulting Experience

As a Vice President with HVS Minneapolis, Justin Westad has extensive experience throughout Upper-Midwestern markets. In addition to his work in Minneapolis, Justin focuses on appraisal and market/feasibility assignments in Kansas City, Des Moines, and St. Louis. These assignments have ranged from rural, budget motels to luxury/trophy assets in downtown districts. Justin’s past work in hotels and hospitality real estate includes positions with Marcus & Millichap’s National Hospitality Group in Chicago, where he specialized in disposition and advisory services for hotels across 13 states, and at the Trump Tower in Chicago. Justin graduated magna cum laude from the School of Hospitality at DePaul University with a BS in Lodging and Revenue Management. Following graduation, Justin has taken part in many speaking and mentoring engagements for the School of Hospitality Leadership at DePaul. He holds a Certification in Hotel Industry Analytics (CHIA) and is a licensed appraiser in multiple states.

Testimonials

"HVS has a strong and current understanding of each of its markets, with local professionals and senior strategists taking the time to thoroughly understand the nature of the project; they produce quality assessments and thoughtful narrative." – Mr. David Bowd

Education

BS – School of Hospitality Leadership, DePaul University

Other Specialized Training Classes Completed:
Revenue Management
Uniform Standards of Professional Appraisal Practice – 15 hours
Basic Appraisal Principles – 30 hours
Basic Appraisal Procedures – 30 hours
General Appraiser Income Approach (Parts I and II) – 60 hours
General Appraiser Market Analysis and HBU – 30 hours
General Appraiser Site Valuation and Cost Approach – 30 hours
Real Estate Finance, Statistics, Valuation Modeling – 15 hours
General Appraiser Sales Comparison Approach – 30 hours
General Appraiser Report Writing and Case Studies – 30 hours

Employment History

2015 to present
HVS CONSULTING AND VALUATION SERVICES
Minneapolis, Minnesota

2013 – 2015
MARCUS & MILLICHAP’S NATIONAL HOSPITALITY GROUP
Chicago, Illinois

2012 – 2013
TRUMP INTERNATIONAL HOTEL & TOWER CHICAGO
Chicago, Illinois

2011 – 2012
PUBLIC CHICAGO HOTEL
Chicago, Illinois

2011
THE TERRACE AT THE TRUMP
Chicago, Illinois

2010 – 2011
ELYSIAN HOTEL
Chicago, Illinois

Qualifications

Brokerage License – Illinois
Certification in Hotel Industry Analytics (CHIA)

Hotels Evaluated

Sample List for Illustrative Purposes

ARIZONA 
Four Seasons Troon North, Scottsdale
Fairmont Scottsdale Princess, Scottsdale

ARKANSAS 
Americas Best Value Inn, Blytheville
Proposed Embassy Suites, Jonesboro
Quality Suites, Paragould
 
CALIFORNIA 
Proposed Staybridge Suites, Cathedral City
Palm Mountain Resort, Palm Springs
Proposed Holiday Inn Express & Suites, Hayward
 
FLORIDA 
Hampton Inn & Suites, Clermont
Fairfield Inn & Suites, Orlando
 
ILLINOIS 
Hyatt Place Champaign Urbana, Champaign
Fairfield Inn by Marriott St. Louis Collinsville, Collinsville
Holiday Inn & Suites, Decatur
Welcome Hotel and Suites, Decatur
Hawthorn Suites, Decatur
Sleep Inn, Decatur
Holiday Inn Express, Edwardsville
Proposed Hotel, Edwardsville
Holiday Inn, Effingham
Proposed TownePlace Suites by Marriott, Marion
Hilton Garden Inn St. Louis Shiloh O’Fallon, O’Fallon
O’Fallon Suites, O’Fallon
Proposed Hampton Inn, O’Fallon
Proposed Best Western Plus, Olney
Comfort Inn, Quincy
Holiday Inn Express Hotel & Suites Shiloh O'Fallon, Shiloh
Baymont Inn & Suites, Springfield
Proposed Holiday Inn Express, Troy
Proposed Tru by Hilton, Lansing
 
INDIANA 
Best Western Plus, New Albany
 
IOWA 
Proposed Holiday Inn Express, Des Moines
Proposed Hilton Des Moines Downtown, Des Moines
Best Western Plus, Marshalltown
Proposed Hotel, Des Moines
Proposed Home2 Suites by Hilton, Des Moines
 
KANSAS 
Holiday Inn Express Hotel & Suites East Wichita I-35, Andover
Proposed Home2 Suites by Hilton, Lawrence
Fairfield Inn & Suites by Marriott, Leavenworth
Proposed Home2 Suites by Hilton, Leavenworth
Proposed TownePlace Suites by Marriott, Leavenworth
Lamplighter Inn & Suites, Pittsburg
Hyatt Place, Lenexa
 
KENTUCKY 
General Nelson Inn, Bardstown
 
MINNESOTA
 
Proposed SpringHill Suites Vadnais Heights, Arden Hills
Hilton Garden Inn Minneapolis Airport Mall of America, Bloomington
Hyatt Place Minneapolis Airport South, Bloomington
Minneapolis Airport Marriott, Bloomington
Proposed Smaaash Hotel, Bloomington
Proposed Fairfield Inn & Suites by Marriott, Brooklyn Center
Fairfield Inn by Marriott Minneapolis Coon Rapids, Coon Rapids
Proposed Fairfield Inn & Suites, Eagan
Proposed Homewood Suites by Hilton, Edina
Proposed Hotel, Edina
Proposed Boutique Hotel on Lake Minnetonka, Excelsior
Proposed Hastings Hotel, Hastings
Proposed Hotel, Maplewood
Courtyard by Marriott Minneapolis St. Paul Airport, Mendota Heights
DoubleTree by Hilton Hotel Minneapolis – University Area, Minneapolis
Hewing Hotel, Minneapolis
Hotel Minneapolis Autograph Collection, Minneapolis
Proposed DoubleTree @ U of M, Minneapolis
TownePlace Suites Minneapolis Downtown, Minneapolis
Holiday Inn Rochester Downtown, Rochester
Marriott Rochester Mayo Clinic, Rochester
Hampton Inn South Rochester, Rochester
Microtel Inn & Suites South Rochester, Rochester
Proposed Hyatt House, Rochester
Proposed Dual-Brand, Rochester
Quality Inn, Rochester
Proposed Hotel, Rochester
Residence Inn by Marriott Rochester Mayo Clinic Area, Rochester
Proposed Roseville Avid Hotel, Roseville
Proposed Hotel, Saint Cloud
Proposed Hotel, St. Paul
Saint Paul Hotel, St. Paul
The Marquette Hotel a Curio Collection by Hilton, Minneapolis
DoubleTree by Hilton St. Paul East, St. Paul
Proposed Courtyard by Marriott, Bloomington
Hampton Inn & Suites by Hilton Mall of America, Bloomington
SpringHill Suites by Marriott, Bloomington
Moxy by Marriott, Minneapolis
Residence Inn by Marriott, St. Paul

MISSOURI 
Hampton Inn, Blue Springs
Best Western, Branson
Lynina Inn, Branson
Super 8, Branson
Crowne Plaza Saint Louis Airport, Bridgeton
Proposed Mainstay & Sleep Inn, Bridgeton
Super 8, Bridgeton
Seven Gables Inn Saint Louis, Clayton
Courtyard by Marriott Saint Louis Creve Coeur, Creve Coeur
Residence Inn by Marriott, Earth City
Quality Inn, Florissant
Proposed Home 2 Suites by Hilton, Independence
La Quinta, Joplin
Hotel Phillips Kansas City, Curio Collection by Hilton, Kansas City
Proposed La Quinta Inn & Suites, Kansas City
Holiday Inn Express & Suites Kansas City - Lee's Summit, Lee's Summit
Holiday Inn Express & Suites Kansas City, Liberty
Staybridge Suites Saint Louis, Maryland Heights
Holiday Inn Express, O'Fallon
Proposed Sleep Inn, O'Fallon
Staybridge Suites, O'Fallon
Holiday Inn Express & Suites, Sedalia
Proposed Hampton Inn, Sikeston
Best Western Route 66 Rail Haven, Springfield
Days Inn, Springfield
Courtyard St. Louis Westport Plaza, St. Louis
Crowne Plaza Saint Louis Airport, St. Louis
Holiday Inn Earth City, St. Louis
Holiday Inn Express & Suites St. Louis Airport, St. Louis
Marriott St. Louis West, St. Louis
Proposed EVEN St. Louis, St. Louis
Proposed Fairfield Inn & Suites St. Louis, St. Louis
Proposed Hotel, St. Louis
Proposed Hyatt, St. Louis
Proposed Moxy, St. Louis
Proposed Holiday Inn Express, St. Peters
Holiday Inn Express & Suites, Sedalia
Hampton Inn, Sikeston
Arbor Suites @ The Mall, Springfield
Best Western Route 66 Rail Haven, Springfield
Greenstay Hotel & Suites, Springfield
Proposed Best Western Vib, Springfield
Drury Inn & Suites, Valley Park
Hampton Inn, Valley Park
TownePlace Suites by Marriott, St. Charles
Fairfield Inn & Suites by Marriott, St. Charles
Proposed Tru by Hilton, O'Fallon
21C Hotel, Kansas City
Proposed Embassy Suites by Hilton, Kansas City
Hampton Inn by Hilton, Belton

MONTANA
Holiday Inn Express & Suites, Sidney
Western Motel, Hardin
 
NEBRASKA
Proposed Kindler Hotel, Lincoln
Extended Stay America Omaha West, Omaha
 
TENNESSEE 
Guest House at Graceland, Memphis
Holiday Inn, Memphis
Proposed Hyatt Regency Memphis Convention Center, Memphis
Proposed Tapestry Collection at Overton Square Memphis, Memphis
Staybridge Suites Memphis Poplar Avenue East, Memphis
Super 7, Memphis
 
 
WISCONSIN 
Hotel Northland, Green Bay
Residence Inn by Marriott, Green Bay
Proposed Hotel, Fitchburg
Hampton Inn by Hilton, Wausau
Econo Lodge Inn & Suites, Stevens Point
Hilton Garden Inn, Milwaukee
Home2 Suites by Hilton, Menomonee Falls
Microtel Inn & Suites, Rice Lake
Proposed Residence Inn by Marriott, Brookfield
 

Press Coverage

STUDY: Lake of the Ozarks lagging behind in changing tourism market, 2017

My Articles

HVS Market Pulse: Minneapolis - After the Super Bowl

Minneapolis is home to many Fortune 500 companies and more than 11,000 hotel rooms. High quality of life, diversity of employers, and leisure attractions continue to entice demand and an ensuing level of hotel development to the area.

• February 27, 2019 By Tanya J. Pierson , Justin Westad

HVS Market Pulse: Rochester, MN – Medicine at the Forefront of Development

Anchored by the Mayo Clinic, Downtown Rochester has experienced a plethora of development attributed to the $5.6-billion Destination Medical Center (DMC) initiative, which is the largest economic development initiative in Minnesota’s history.

• February 27, 2019 By Justin Westad

Market Pulse: Minneapolis - St. Paul, MN

Three distinct but adjacent markets in Minnesota account for well over half of all hotel business in the state. Driven by strong performance and growth in demand, hotel supply in Minneapolis, St. Paul, and Bloomington is on the rise.

• April 10, 2017 By Tanya J. Pierson , Justin Westad , Justin Kaminski

HVS Market Pulse: Branson, MO

Located in the Lakes Area of the Ozark Mountains, Branson has long been famous as a tourism destination for seniors. New amusement parks and sports venues, however, are drawing families and millennial travelers to Branson hotels.

• November 14, 2016 By Justin Westad