Brian Arevalo

Consulting Experience

A Senior Vice President with HVS, Brian Arevalo is the leader of the HVS Chicago office. Brian has extensive experience consulting in lodging markets throughout the Midwest. After joining HVS in 2012, Brian initially worked with the HVS Houston office, relocated to Cincinnati in 2016, and assumed leadership of the Chicago office in 2022. Brian has worked on appraisal and consulting assignments for hundreds of hotels and resorts throughout the U.S. and Latin America. He has completed assignments for a variety of clients, including financial lending entities, institutions, government agencies, corporate entities, legal and accounting professionals, developers, and private individuals.

Brian has experience with all hotel asset classes, giving him a rounded perspective on the industry. His experience is highlighted below.

• Brian’s experience with all hotel asset classes, including several high-profile Midwest assets, provides him with a unique perspective on the industry. Significant past engagements include the following:
  • Proposed Convention Center Hotel (Cincinnati, OH)
  • Hilton Cincinnati Netherland Plaza (Cincinnati, OH)
  • Proposed Hilton Downtown Columbus Expansion (Columbus, OH)
  • Westin Great Southern Columbus (Columbus, OH)
  • Hyatt Regency at the Arcade (Cleveland, OH)
  • Marriott Louisville East (Louisville, KY)
  • Marriott Lexington Griffin Gate Resort & Spa (Lexington, KY)
  • Proposed Graduate Hotel (Bloomington, IN)
     
• Brian also has extensive experience with existing and proposed assets in Latin American markets; a sample of these assignments is provided below.
  • Yalmakan Resort Cancun (Cancun, Mexico)
  • Krystal Grand Cancun (Formerly Hyatt Regency) (Cancun, Mexico)
  • Proposed Hotel (Guatemala City, Guatemala)
  • Proposed La Quinta (Panama City, Panama)

Testimonials

"The assignment in question involved the completion of appraisals for three separate full-service hotels in three separate locations owned by a two-member ownership group whose members were deeply conflicted. An evaluation of product improvement costs was also required. One of the very few issues that all parties could agree upon was to utilize HVS to perform the appraisals, and all parties were satisfied with the results (which were done quickly)." – William O'Brien, Winegardner & Hammons

Education

UNIVERSITY OF TEXAS AT AUSTIN
Master of Science

UNIVERSITY OF NORTH TEXAS
Bachelor of Science

Other Specialized Training Classes Completed:
Uniform Standards of Professional Appraisal Practice
Basic Appraisal Procedures
Basic Appraisal Principles
General Appraiser Income Approach
General Appraiser Market Analysis and HBU
General Appraiser Site Valuation and Cost Approach
General Appraiser Sales Comparison Approach
General Appraiser Report Writing and Case Studies
Statistics, Modeling and Finance
Advanced Income Capitalization
Expert Witness for Commercial Appraisers
Basic Hotel Appraising
West Virginia Law
Commercial Appraisal Review
Advanced Concepts and Case Studies
Rates and Ratios
Small Hotel/Motel Valuation
Quantitative Analysis
Advanced Market Analysis and HBU
Biennial USPAP Update

Employment History

August 2012 - Present
HVS Consulting and Valuation
Cincinnati, Ohio

September 2011 - May 2012
College Houses Cooperative
Austin, Texas

November 2010 - August 2011
ABMartin Consulting
Austin, Texas

November 2009 - May 2011
Embassy Suites Outdoor World DFW Airport North
Dallas, Texas

July - August 2007
Hotelito Escondido
Manzanillo, Colima, Mexico

June 2006 - August 2006
Mayan Resorts Hotels
Acapulco, Mexico

Hotels Evaluated

Sample List for Illustrative Purposes

PORTFOLIO WORK
20 Extended Stay America Hotels
2 Marriott-Branded Hotels in Troy, Ohio
 
ARIZONA
Hampton Inn Phoenix Chandler, Chandler
Americana Hotel, Nogalez
Red Roof Inn Phoenix Airport, Temple
 
ARKANSAS
Proposed Hotel, Hot Springs
Wyndham Garden, Texarkana
 
CALIFORNIA
Courtyard San Diego Carlsbad McClellan-Palomar Airport, Carlsbad
Hotel Del Coronado, Coronado
Staybridge Suites Fairfield Napa Valley, Fairfield
Hilton Garden Inn, Oxnard
Hyatt Place Sacramento Rancho Cordova, Rancho Cordova
 
FLORIDA
Hyatt Place Lakeland Center, Lakeland
Hampton Inn, Largo
Holiday Inn Express, Largo
Proposed Pearl, Rosemary Beach
Hyatt Place Busch Gardens, Tampa
 
GEORGIA
Georgia Tech Hotel & Conference Center, Atlanta
 
ILLINOIS
Proposed Staybridge Suites Aurora, Aurora
Proposed Hotel Batavia, Batavia
SpringHill Suites by Marriott, Burr Ridge
Chicago Marriott at Medical District/UIC, Chicago
DeWitt Place, Chicago
Hotel Felix, Chicago
Renaissance Chicago Downtown Hotel, Chicago
SpringHill Suites by Marriott Chicago Chinatown, Chicago
Elk Grove Hotel, Elk Grove
Best Western Plus, Hillside
Proposed Home2 Suites, Normal
Days Inn, North Chicago
DoubleTree by Hilton Hotel Chicago North Shore Conference Center, Skokie
Hilton Garden Inn Oakbrook, Oakbrook Terrace
Hilton Suites Oakbrook, Oakbrook Terrace
Courtyard by Marriott Peoria, Peoria
 
INDIANA
Hyatt Place, Bloomington
Proposed Embassy Suites, Bloomington
Proposed Graduate, Bloomington
Proposed Home2 Suites, Brownsburg
Proposed Best Western, Clarksville
Proposed Hotel Crawfordsville, Crawfordsville
Proposed Hyatt Place and Hyatt House, Fishers
Proposed Springhill Suites Fort Wayne, Fort Wayne
La Quinta Inn & Suites Frankfort, Frankfort
Courtyard by Marriott Indianapolis Northwest, Indianapolis
Holiday Inn Indianapolis Carmel, Indianapolis
La Quinta Inn Indianapolis Airport Executive Drive, Indianapolis
La Quinta Inn Indianapolis Airport Lynhurst, Indianapolis
La Quinta Inn Indianapolis East Post Drive, Indianapolis
Proposed Aloft Indianapolis, Indianapolis
Proposed Georgia & Penn, Indianapolis
Proposed Home2 Indianapolis, Indianapolis
Proposed Kimpton Hotel, Indianapolis
Proposed Residence/SpringHill Suites, Indianapolis
Proposed Hilton Garden Inn/Homewood Suites, Jeffersonville
Proposed Hotel, Madison
Cambria Suites, Plainfield
Indianapolis Airport Suites, Plainfield
Proposed Extended-Stay Hotel, Plainfield
Proposed Hotel, Shelbyville
Proposed Tapestry by Hilton, Speedway
Newcastle Proposed Hotel, Spiceland
Candlewood Suites, Terre Haute
Proposed Hampton Inn, Vincennes
Proposed Fairfield, Westfield
 
KANSAS
Hampton Inn, Derby
DoubleTree by Hilton, Wichita
 
KENTUCKY
Holiday Inn Express Cincinnati Newport, Bellevue
Proposed TownePlace by Marriott, Corbin
Embassy Suites Cincinnati Rivercenter Covington, Covington
Holiday Inn Cincinnati Riverfront, Covington
Courtyard by Marriott Cincinnati Airport South Florence, Florence
Hyatt Place Cincinnati Airport Florence, Florence
Proposed Staybridge Suites, Florence
Fort Thomas Proposed Hotel, Fort Thomas
Marriott Cincinnati Airport, Hebron
Inn On Broadway Lexington, Lexington
La Quinta Inn, Lexington
Marriott Lexington Griffin Gate Resort & Spa, Lexington
Proposed Red Mile Hotel, Lexington
Proposed Home2 Suites, London
Aloft Louisville Downtown, Louisville
Four Points by Sheraton Louisville Airport, Louisville
Hilton Garden Inn Louisville East, Louisville
Holiday Inn Express & Suites Louisville Downtown, Louisville
Homewood Suites by Hilton Louisville Downtown, Louisville
Hyatt Place Louisville East, Louisville
Marriott Louisville East, Louisville
Proposed Hotel, Louisville
Proposed Hotel Home Life Building, Louisville
Proposed Luxury Boutique Hotel, Louisville
Proposed Medical Center Hotel Louisville, Louisville
Red Roof Inn Louisville Expo Airport, Louisville
Residence Inn Louisville, Louisville
Proposed Home2 Suites Middlesboro, Middlesboro
Aloft Newport on the Levee, Newport
Proposed Homewood Suites, Newport
Proposed Fairfield Inn & Suites, Shelbyville
Proposed Ark Encounter Hotel, Williamstown
 
LOUISIANA
Comfort Inn, Baton Rouge
Proposed Residence Inn by Marriott, Bossier City
Quality Inn & Suites, Bossier City
Wingate by Wyndham, Bossier City
Best Western DeRidder Inn, DeRidder
Hampton Inn, Houma
Proposed Holiday Inn Express, Houma
Best Western, Kinder
Hotel Acadiana, Lafayette
Proposed Holiday Inn Express Hotel & Suites, Marksville
Proposed Hotel Alessandra, New Orleans
Holiday Inn Express Hotel & Suites, Ruston
 
MARYLAND
Hilton, Rockville
 
MICHIGAN
Comfort Suites, Escanaba
Delamar Traverse City, Traverse City
 
MINNESOTA
Loews Minneapolis, Minneapolis
Proposed Aloft, Plymouth
 
MISSISSIPPI
Wingate by Wyndham, Biloxi
Courtyard by Marriott, Southaven
Residence Inn by Marriott, Southaven
 
MISSOURI
Hilton Kansas City Airport, Kansas City
 
NEBRASKA
University Inn Midtown Crossing, Omaha
 
NEW JERSEY
Great Gorge Resort, McAfee
Hyatt House Parsippany Whippany, Whippany
 
NORTH CAROLINA
Red Roof Inn Asheville West, Asheville
 
OHIO
Proposed Boutique Hotel, Akron
Proposed Hotel and Spa, Amherst
Embassy Suites Cleveland Beachwood, Beachwood
Proposed Tru by Hilton, Beachwood
Proposed TownePlace Suites/ Fairfield Inn by Marriott, Beavercreek
Courtyard by Marriott Dayton Beavercreek, Beavercreek
Residence Inn by Marriott Dayton, Beavercreek
Proposed SpringHill Suites, Beavercreek
Proposed TownePlace Suites/Fairfield Inn by Marriott, Beavercreek
SpringHill Suites Dayton Beavercreek, Beavercreek
Proposed Hampton Inn, Bellefontaine
Proposed Boutique Hotel, Berea
Hyatt Place Cincinnati Blue Ash, Blue Ash
Red Roof Inn, Blue Ash
McKinley Grand Hotel, Canton
Proposed Hotel, Canton
Anderson Township Hotel, Cincinnati
Fairfield Inn & Suites by Marriott Cincinnati Uptown/University Area, Cincinnati
Hilton Cincinnati Netherland Plaza, Cincinnati
Holiday Inn & Suites Cincinnati Eastgate, Cincinnati
La Quinta Inn & Suites Cincinnati Sharonville, Cincinnati
Proposed Convention Hotel Cincinnati, Cincinnati
Proposed Dual-Branded Residence Inn and Courtyard, Cincinnati
Proposed Element, Cincinnati
Proposed Element/Aloft Dual Brand Hotel, Cincinnati
Proposed Homewood Suites Cincinnati, Cincinnati
Proposed Hotel, Cincinnati
Proposed Marriott Tribute University of Cincinnati, Cincinnati
Proposed Moxy, Cincinnati
Proposed Residence Inn by Marriott, Cincinnati
Proposed Shilito Hotel, Cincinnati
Ramada Plaza Cincinnati Sharonville, Cincinnati
Four Points by Sheraton Cleveland Airport, Cleveland
La Quinta Inn Cleveland Airport North, Cleveland
Holiday Inn Cleveland Clinic, Cleveland
Hyatt Regency Cleveland at The Arcade, Cleveland
Proposed Hotel Cleveland, Cleveland
Proposed Hyatt Place, Cleveland
Proposed Le Meridian Cleveland, Cleveland
Proposed Select-Service Hotel, Cleveland
Residence Inn by Marriott Cleveland Beachwood, Cleveland
Americas Best Value Inn Columbus West, Columbus
Country Inn & Suites, Columbus
Courtyard by Marriott Columbus Downtown, Columbus
Fairfield Inn & Suites by Marriott Columbus OSU, Columbus
Four Points Columbus Airport, Columbus
Hampton Inn & Suites Columbus Easton, Columbus
Hilton Columbus Downtown, Columbus
Hilton Columbus Easton, Columbus
Holiday Inn Express Columbus University Area, Columbus
Hyatt Place Columbus Worthington, Columbus
Marriott Columbus Airport, Columbus
Proposed Aloft, Columbus
Proposed Boutique Hotel Columbus, Columbus
Proposed Canopy, Columbus
Proposed Hilton Garden Inn/Homewood Suites by Hilton, Columbus
Proposed Homewood Suites, Columbus
Proposed Hotel, Columbus
Proposed Limited-Service Hotel, Columbus
Residence Inn by Marriott Columbus Easton, Columbus
SpringHill Suites by Marriott Columbus OSU, Columbus
Staybridge Suites University Area OSU, Columbus
Westin, Columbus
Courtyard Dayton University of Dayton, Dayton
Crowne Plaza Dayton, Dayton
Proposed AC Hotel Dayton, Dayton
Proposed Hilton Garden Inn, Dayton
Proposed Hotel, Dayton
Radisson Hotel Dayton Convention Center, Dayton
Baymont Inn & Suites Delaware, Delaware
Hampton Inn Columbus Dublin, Dublin
Holiday Inn Express Columbus Dublin, Dublin
Homewood Suites by Hilton Columbus Dublin, Dublin
La Quinta Inn Columbus Dublin, Dublin
Proposed DoubleTree by Hilton, Dublin
Staybridge Suites Columbus Dublin, Dublin
Proposed Boutique Hotel Elyria, Elyria
Fairfield Inn by Marriott Dayton Fairborn, Fairborn
Hampton Inn Dayton Fairborn, Fairborn
SpringHill Suites by Marriott Columbus Airport Gahanna, Gahanna
TownePlace Suites by Marriott Columbus Gahanna, Gahanna
Quality Inn Gallipolis, Gallipolis
Proposed Tribute, Hamilton
Proposed Home2 Suites by Hilton, Huber Heights
Sawmill Creek Resort, Huron
Candlewood Suites Cleveland South Independence, Independence
Holiday Inn Cleveland Independence, Independence
Hyatt Place Cleveland Independence, Independence
La Quinta Inn Cleveland Independence, Independence
Red Roof Inn Cleveland Independence, Independence
Residence Inn by Marriott Cleveland Independence, Independence
SpringHill Suites Cleveland Independence, Independence
Fairfield Inn & Suites Washington Court House Jeffersonville, Jeffersonville
Hampton Inn Washington Court House, Jeffersonville
Kent State University Hotel and Conference Center, Kent
Proposed Hotel Lakewood, Lakewood
Nationwide Hotel and Conference Center, Lewis Center
AC Hotel Cincinnati at Liberty Center, Liberty Township
Inn & Spa at Cedar Falls, Logan
Proposed Cobblestone Hotel London, London
La Quinta Inn & Suites Cleveland Macedonia, Macedonia
La Quinta Inn & Suites, Mansfield
Holiday Inn Express Hotel & Suites, Marysville
Great Wolf Lodge Mason, Mason
Hyatt Place Cincinnati Northeast, Mason
Proposed Mason Golf Hotel, Mason
Residence Inn by Marriott Cleveland Mentor, Mentor
DoubleTree by Hilton Suites Dayton Miamisburg, Miamisburg
Homewood Suites by Hilton Dayton South, Miamisburg
Proposed Staybridge Suites, Miamisburg
Manchester Inn (Closed), Middletown
Proposed TownePlace Suites by Marriott, Milford
Proposed Homewood Suites New Albany, New Albany
Proposed Hyatt Place, New Albany
Red Roof Inn Canton, North Canton
Courtyard by Marriott North Dayton, North Dayton
Holiday Inn Express Columbus South – Obetz, Obetz
Elms Hotel Oxford, Oxford
La Quinta Inn Columbus Airport Area, Reynoldsburg
Comfort Inn, Saint Clairsville
Fairfield by Marriott St Clairsville, Saint Clairsville
Hampton Inn, Saint Clairsville
Red Roof Inn, Saint Clairsville
Wingate by Wyndham Saint Clairsville Wheeling, Saint Clairsville
Proposed Cedar Point Sandusky Hotel, Sandusky
DoubleTree by Hilton Guest Suites Cincinnati, Sharonville
Proposed Hotel Swisher, Somerset
La Quinta Inn Cincinnati North, Springdale
Proposed Tri County Mall Hotel, Springdale
Country Inn & Suites, Springfield
Proposed Hotel Springfield, Springfield
Proposed Holiday Inn Express, Steubenville
Proposed Boutique Hotel Tiffin, Tiffin
Holiday Inn Express Toledo North, Toledo
Fairfield by Marriott Dayton Troy, Troy
Residence Inn by Marriott Dayton Troy, Troy
Proposed Hotel, Van Wert
Fairfield by Marriott Warren Niles, Warren
Hampton by Hilton Cincinnati Union Centre, West Chester
Proposed Aloft, West Chester
Proposed Hyatt House, West Chester
Proposed Union Center Hotel, West Chester
Proposed Hyatt Place, Westerville
Hampton Inn Cleveland Westlake, Westlake
Holiday Inn Columbus Worthington, Worthington
Hope Hotel & Conference Center, Wright-Patterson AFB
DoubleTree by Hilton Youngstown Downtown, Youngstown
 
PENNSYLVANIA
Proposed Hilton Garden Inn, Altoona
Hilton Garden Inn Pittsburgh Southpointe, Canonsburg
Red Roof Inn, Erie
La Quinta Inn Pittsburgh Airport, Moon Township
Red Roof Inn Pittsburgh Airport, Pittsburgh
George Washington Hotel, Washington
 
TENNESSEE
Red Roof Inn Johnson City, Johnson City
Staybridge Suites, Memphis
Value Place (2), Memphis
Proposed Resort Whites Creek, Whites Creek
 
TEXAS
Holiday Inn Express, Abilene
Holiday Inn Austin Midtown, Austin
Days Inn, Baytown
Homewood Suites by Hilton, Beaumont
Value Place, Beaumont
Hilton Garden Inn College Station, Bryan
Texas Inn, Channel View
Four Points by Sheraton, College Station
Fairfield Inn by Marriott, The Colony
Residence Inn by Marriott, The Colony
Comfort Suites Calallen, Corpus Christi
Country Inn & Suites, Corpus Christi
Embassy Suites, Corpus Christi
Holiday Inn Airport, Corpus Christi
Holiday Inn Downtown, Corpus Christi
Candlewood Suites, Corpus Christi
La Quinta Inn & Suites Corpus Christi Northwest, Corpus Christi
Proposed Residence Inn and AC by Marriott Dual-Branded Hotel, Dallas
Super 8, Deer Park
La Quinta Inn El Paso Cielo Vista, El Paso
Super 8, Gainesville
Proposed Downtown Hotel, Galveston
Aloft Houston Galleria, Houston
Courtyard by Marriott I-10 West/Energy Corridor, Houston
Courtyard by Marriott West University, Houston
DoubleTree Suites by Hilton Houston Galleria, Houston
Fairfield Inn & Suites I-10, Houston
Fairfield Inn & Suites I-45, Houston
Holiday Inn Corpus Christi Downtown Marina, Corpus Christi
Hampton Inn Houston Interstate 10 West, Houston
Hilton Garden Inn Energy Corridor, Houston
Hilton Garden Inn Houston Northwest, Houston
Hilton Garden Inn Katy Freeway, Houston
Holiday Inn, Houston
La Quinta, Houston
Legacy Inn, Houston
Proposed 314 Hotel, Houston
Proposed Aloft, Houston
Proposed Americas Best Value Inn, Houston
Proposed Embassy Suites, Houston
Proposed Full-Service Hotel, Houston
Proposed Hotel Alessandra, Houston
Proposed Hotel, Houston
Proposed InterContinental Hotel, Houston
Proposed Le Méridien, Houston
Proposed Lifestyle Hotel, Houston
Proposed Select-Service Hotel, Houston
Proposed Staybridge Suites, Houston
Residence Inn by Marriott West University, Houston
Sam Houston Hotel (Curio Conversion), Houston
Knights Inn, Humble
Studio 6, Ingleside
DoubleTree by Hilton DFW Airport, Irving
Holiday Inn Express, Kenedy
South Shore Harbour Resort & Spa, League City
Super 8, Livingston
Staybridge Suites, Longview
Best Western Plus, Luling
La Quinta Inn & Suites, Lumberton
Casa De Palmas Trademark Collection by Wyndham, McAllen
Renaissance, McAllen
Proposed Home2 Suites, McKinney
Proposed SpringHill Suites, McKinney
Candlewood Suites, Odessa
Holiday Inn Express Hotel & Suites, Pearland
Holiday Inn Express Hotel & Suites, Port Aransas
Proposed Hilton Garden Inn, Porter
Hilton San Antonio Airport, San Antonio
Hotel Valencia Riverwalk, San Antonio
Microtel Inn & Suites Airport, San Antonio
Microtel Inn & Suites SeaWorld, San Antonio
Quality Inn, Seabrook
Holiday Inn Express, South Padre Island
Holiday Inn Express, Sweetwater
Candlewood Suites, Texarkana
Best Western Inn & Suites, Texas City
La Quinta Inn & Suites, Tomball
Super 8, Victoria
Holiday Inn Express Space Center, Webster
Proposed Hotel, Webster
 
UTAH
Howard Johnson, St. George
 
VIRGINIA
Hyatt Place Roanoke Airport Valley View Mall, Roanoke
 
WEST VIRGINIA
Proposed Hotel, Buffalo
Proposed North Fayetteville Hotel-Resort, Fayetteville
Proposed Grand Patrician Resort, Milton
Hilton Garden Inn, Morgantown
Corduroy Inn, Snowshoe
 
WISCONSIN
Quality Inn, Rhinelander
  
INTERNATIONAL
 
Proposed Hotel, Guatemala City, Guatemala
Proposed La Quinta Inn, Panama City, Panama
Hyatt Regency, Cancun, Mexico
Yalmakan Resort, Cancun, Mexico

My Articles

Recent Lodging Trends and Outlook for Chicago, Illinois

Although supply growth has slowed in Chicago, it remains one of the most vibrant and active lodging markets in the United States. Recovery is anticipated to continue as business travel confidence builds further and occupied office space in the downtown market increases.

• April 3, 2023 By Amy Schmidt , Brian Arevalo

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

On Track for Recovery in Indianapolis

Following the devastating effects of the COVID-19 pandemic on Indianapolis’s hospitality and tourism industries, a recovery is well underway, led by leisure demand generated by the city’s sporting and entertainment events and the return of meeting and group demand.

• September 27, 2022 By Brian Arevalo

• Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Indianapolis , Indiana , North America

HVS Market Pulse - Cincinnati

Cincinnati experienced a banner year in 2019, with hotel performance reaching peak levels given the diverse base of lodging demand sources. However, since early March 2020, Cincinnati-area hotels have suffered unprecedented declines in demand, similar to most cities in the United States, because of the COVID-19 pandemic. Fortunately, lodging performance has improved in recent months, and significant investments throughout the region are forming a good foundation for market recovery.

• June 2, 2021 By Brian Arevalo

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