Publications & Events

The hotel industry in New Orleans has struggled to regain its footing in the years since Hurricane Katrina, but new data suggest a recovery is underway.

Due to increased hotel development in Russia and the CIS, it is important for owners to better understand different types of relations with the hotel operators. In this article we address some of the main terms of a typical management contract.

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

The performance of upscale and luxury hotels in Downtown Denver made a strong rebound in 2010, buoying investor confidence in the market. This trend continues in 2011, with a rise in RevPAR and transactions for the city’s top-tier hotels.

Colorado Springs’ hotel industry has been in business for more than a century, with a wide spectrum of entities driving demand. The market wasn’t hard hit by the recent recession, and major events this summer should bode well for local hotels.

This article highlights the impact that the pro-democracy uprisings in countries such as Tunisia, Egypt and Libya have had on the region’s hotels, including dramatic changes in values.

Hotel appraising is done in different markets across the world and valuation experts generally consider three approaches to valuing a hotel asset. What are the pros and cons of each approach and which is more applicable when valuing your property?

Mexico City is one of the most densely populated and developed urban areas in the world. How will rising foreign direct investment amplify the dynamics of the city’s office and lodging markets in the wake of the recent recession?

The increase in hotel transactions and low cost of debt and equity have driven down rates of return to pre-recession levels. This article sets forth an overview of recent hotel cap and discount rate trends and provides an outlook for 2011.

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