Insights & Publications

We have written hundreds of articles about all aspects of hospitality including hotel valuations, investing, lending, operations, asset management, sales and marketing, public relations, and so forth. HVS invites you to download and share these articles, with our compliments.
184 results

Industry Recovery Ahead of Pace

Steve Rushmore's July 2011 column in Lodging Hospitality magazine.

Making Sense Of Debt Yield Ratios

Steve Rushmore's June 2011 article for Lodging Hospitality magazine.

Evaluating the Total Cost of a Hotel Franchise

Steve Rushmore's May 2011 article for Lodging Hospitality magazine.

2011 NYU Conference Presentation

Steve Rushmore presents his review of rate and recovery, transactions, turnaround and timing at the 33rd Annual New York University International Hospitality Industry Investment Conference.

Making Sense Of Low Cap Rates

Steve Rushmore's April 2011 article for Lodging Hospitality magazine.

Approaches To Managing Your Business

Steve Rushmore's February 2011 article for Lodging Hospitality magazine.

Paid Publication Hotel Valuation Software Version 3.0 with Tabs

Hotel Valuation Software Version 3.0 with Tabs is comprised of four sophisticated, state-of-the-art software models for performing hotel market studies, financial projections and valuations. Developed by Steve Rushmore and Suzanne Mellen of HVS and Professor Jan deRoos of the Cornell Hotel School, this software package is used by leading hotel chains and lenders around the world to assist with their hotel investment decisions. HVS is the exclusive distributor of the advanced "tabbed version" of the software. The tabbed version enables more enhanced financial analyses by providing user access to the calculation pages of the software. The flash disk contains the recently released version 3.0 of Hotel Valuation Software with Tabs which runs on Microsoft (not Apple) operating systems with Windows 7 and Excel 2007 or newer. Also included on the flash disk is the previous version 2.5 of the software which runs on both Microsoft and Apple operating systems.

Additional Resources

In addition to Hotel Valuation Software, your flash disk contains several valuable bonuses which will provide tools and resources to enhance your skills and knowledge of the hotel and travel industry.

  1. Hotel Valuation Software (HVS) Live Instruction Seminar - Sit in on one of Steve Rushmore's seminars where he explains the logic and calculations behind Hotel Valuation Software using a case study. Steve explains the inner working of the three software models; the supply/demand and occupancy forecasting program, the 10-year income and expense projection program and the mortgage equity DCF valuation model. Experience the rare opportunity of listening to the actual software creator as he explains its use.
  2. HVS Library - Access more than 1,250 articles, research publications and textbooks written by the industry's leading professionals at HVS. These publications are considered essential reading for hotel owners, operators and investors. Every topic related to the hotel and travel industry is covered including valuations and market studies, management contracts and franchising, market overviews, human resources, economic trends and cycles, gaming, architecture and interior design, asset management, finance and transactions, food and beverage, hotel management, shared and fractional, risk management, convention centers, parking, sales and marketing. The HVS Library is fully searchable and user friendly. The articles and research can be downloaded from the flash disk and distributed to your business associates.
  3. Hotel Market Study and Valuation Seminar - Steve Rushmore has given hundreds of seminars to thousands of hotel owners, investors, and consultants throughout the world. His most popular presentation is the one-day seminar "Hotel Market Studies and Valuations" which teaches procedures and techniques. The flash disk contains Steve's complete PowerPoint presentation and hand out materials.
  4. HVS Demonstration Appraisals - As the leading hotel consulting firm performing thousands of hotel market studies and appraisals each year throughout the world, HVS has developed state-of-the-art hotel appraisal methodologies and software. Peruse six examples of HVS studies demonstrating the sophisticated analysis and forecasting techniques and procedures HVS pioneered.
  5. Hotel Investment Handbook - This "how-to" guide shares information on hotel investing, including from how to buy a hotel, how to negotiate a management contract, financing, selling a hotel and more.

For questions or to request information, please contact Joan Raffetto.

Paid Publication Hotel Market Analysis and Valuation International Issues and Software Applications

New textbook and software written and developed by Steve and Stephen Rushmore along with John O'Neill published by the Appraisal Institute shows how hotel market studies, financial projections and valuations are performed throughout the world. Hotel owners, operators, investors and lenders will find this book invaluable in analyzing hotel investments and financial performance.

What's new in this edition unlike its previous versions is the inclusion of the HVS Hotel Valuation Software, four state-of-the-art programs that enables hotel appraisers, consultants, owners and lenders to perform highly sophisticated hotel market analyses, financial projections and valuations. Very few books come with the software needed to perform the analyses set forth in the text. This package contains everything you need to perform a sophisticated hotel market study and valuation.

Hotel Market Analysis and Valuation: International Issues and Software Applications

The newest edition of Steve Rushmore's textbook with software provides an historic overview of the world-wide hotel industry with discussion of the various economic cycles and trends impacting hotel supply and demand. It details the steps for performing a hotel market study and valuation and the types of data required to perform a proper analysis, while also taking into consideration local competitive supply, occupancy and average rate, relative competitiveness of each hotel, and the specific location of the asset. It also includes an addendum that contains a complete reference library of hotel data and data sources from around the world.

The book is available in either hard copy or as a pdf download

Appraisal Institute Webinar: A Debate on the Allocation of Hotel Total Assets

Steve Rushmore participates in the Appraisal Institute’s “Debate on the Allocation of Hotel Total Assets” via Webinar.

2010 U.S. Hotel Valuation Index (HVI)

The 2010 U.S. Hotel Valuation Index (HVI), tracking 51 major markets and the United States as a whole, discusses the historical and projected impact of the credit crisis and resultant recession upon U.S. hotel values.