HVS Opens New Hotel Consulting and Valuation Office in Minneapolis

HVS establishes a new consulting and valuation branch to serve a rising volume of hotel projects and a strong client contingent in the greater Twin Cities market.

Minneapolis, MN, July 12, 2011: HVS, the world’s leading hospitality services firm, is pleased to announce the opening of a hotel consulting and valuation services branch in Minneapolis, bringing a staff of professional appraisers and industry veterans to serve the needs of hotel investors, buyers, sellers, owners, and operators in the region. Services include single-asset and portfolio hotel appraisals, market and project-feasibility studies, franchise evaluations, and advisory expertise on large-scale mixed-use and public-private developments. The new office is headed by Tanya Pierson, a state-certified hotel appraiser and an Associate Member of the Appraisal Institute with more than 20 years in the hotel industry.

“I like to think of HVS as an international firm with local ambitions,” said HVS founder and President Steve Rushmore. “The new branch in Minneapolis joins a worldwide network of HVS associates and offices that provide services of the highest caliber to hotel markets they know intimately well. Tanya Pierson and the professionals under her wing have worked for many years in the Twin Cities and across Minnesota and surrounding states. Now our permanent presence puts their expertise near at hand for HVS clients with hotel interests in the region.”

HVS was the lead hotel consulting firm for the Radisson Blu Mall of America hotel development in the Minneapolis suburb of Bloomington; the project broke ground on May 26. The Minneapolis-St. Paul Metropolitan Statistical Area offers more than 360 hotels, with demand driven by a rich mosaic of tourism, arts, sports, higher education, state government, and banking. The latest HVS Hotel Valuation Index forecasts a strong recovery for hotel values in Minneapolis between now and 2015.

Tanya Pierson graduated from the University of Denver with a degree in Hotel, Restaurant, and Tourism Management. Tanya joined HVS in 1994 and has since provided consulting and appraisal services to over 2,000 hotels, including some of the premier hotel properties in Minneapolis and St. Paul. Her experience ranges from markets in Canada to the Caribbean, and she has also coordinated analyses of large hotel portfolios, including Extended StayAmerica, Athletic Clubs, La Quinta, and Equity Inns. Widely recognized as an expert hotel industry analyst, Tanya has written and been referenced in articles published by The Hotel Valuation Journal, the Denver Business Journal, the Colorado Real Estate Journal, and ehospitality.com.

Tanya Pierson
Director, HVS Minneapolis
Tel: +1 303-588-6558