Marcus R. Lee

Consulting Experience

Marcus Lee is a Director with the HVS Los Angeles office, working within both the Consulting and Valuation and Asset Management divisions. Marcus has evaluated numerous hotels across the western United States ranging from limited-service hotels to luxury resorts. Marcus formerly served as Senior Manager of Development Feasibility for Rosewood Hotel Group, supporting this ultra-luxury group’s development efforts across the Americas region. Marcus gained hands-on knowledge of luxury hotel operations at properties in the District of Columbia, as well as international markets including London and Singapore. Marcus’ background in hospitality includes management and guest-relations positions with premier luxury brands such The Ritz-Carlton Hotel Company, Four Seasons Hotels & Resorts, Mandarin Oriental, and Capella Hotels & Resorts. Marcus earned a BA in International Relations and History from Boston University and a Masters of Tourism and Hospitality Administration from The George Washington University. He is a state-certified general appraiser.

Testimonials

"I specifically selected HVS for a market study of my to-be-built luxury boutique hotel project, based on their extensive experience in this sector of the industry. I was impressed with their ability to grasp all aspects of the concept and strong niche market knowledge from the get-go. Additionally, Marcus was a complete pleasure to work with. He was very accessible and easy to communicate with. Having timely and clear communication, along with a professional providing A+ effort, [and] delivering the study before the deadline gives HVS 5+ stars in my book. I am 100% satisfied and look forward to hiring and recommending them going forward. It was a wonderful experience to work with HVS and the best hiring decision I could have made for such a critical component of my project." – Michelle Boss, TMC Financing

"The team is wonderful and highly professional. Marcus Lee, Luigi, and Kirsten are amazing and very attentive to details. Special thanks to the entire team and more to Marcus Lee who is very intuitive and supportive of our innovative and sustainable hotel project. Many thanks to Kathryn for her responsiveness and kindness." – Tatyana Li, LSW Hotels

"HVS provided my company with extremely useful market data to help us better manage our hotel asset. The service they provided was sent in a timely manner, and all HVS colleagues went above and beyond the ask." – Mr. Ying, CIM Group

"Marcus Lee and Luigi Major did a tremendous job of understanding this new hotel/airbnb mix of product alongside of their in-depth knowledge of the Pam Springs market to deliver the appraisal in a timely manner. They continue to show top-notch customer service as well, discussing with the client and explaining their findings in a thorough way. HVS continues to be at the pinnacle of hotel valuation with in-depth market knowledge. We will continue to use their incredible team and greatly appreciate their ability to quickly analyze a project and decipher its positioning/value in the market, providing us with an accurate valuation in a tight time frame." – Mr. Malecha, Holliday Fenoglio Fowler (HFF)

Employment History

2022 to present
HVS CONSULTING AND VALUATION SERVICES
Los Angeles, California

2021 to 2022
ROSEWOOD HOTEL GROUP
Los Angeles, California

2018 - 2021
HVS CONSULTING AND VALUATION SERVICES
Los Angeles, California

2016 - 2018
HVS CONSULTING AND VALUATION SERVICES
Washington, D.C.

2016
THE JEFFERSON HOTEL
Washington, D.C.

2014 – 2015
CAPELLA WASHINGTON D.C., GEORGETOWN
Washington, D.C.

2014
THE RITZ-CARLTON GEORGETOWN
Washington, D.C.

2013
FOUR SEASONS WASHINGTON DC
Washington, D.C.

2013
INTERNATIONAL MONETARY FUND
Washington, D.C.

2012
OFFICE OF U.S. CONGRESSMAN BLAINE LUETKEMEYER
Washington, D.C.

2012
THE CENTER FOR SOCIO-ECONOMIC DEVELOPMENT
Geneva, Switzerland

Education

BA – Frederick S. Pardee School of Global Studies, Boston University
MS (Hospitality and Tourism) – School of Business, The George Washington University

Other Specialized Training Classes Completed:
Basic Appraisal Principles – 30 hours
Basic Appraisal Procedures – 30 hours
Uniform Standards of Professional Appraisal Practice (USPAP) – 15 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
General Appraiser Sales Comparison Approach – 30 hours
Real Estate Finance, Statistics, Valuation Modeling – 15 hours
General Appraiser Report Writing and Case Studies – 30 hours
Appraisal Electives – 20 hours
Expert Witness for Commercial Appraisers – 15 hours
CA Supervisor/Trainee – 4 hours
CA Law – 2 hours

Hotels Evaluated

Sample List for Illustrative Purposes
 

PORTFOLIO WORK 
7 Motel 6 Properties, Southern California
10 Extended Stay America Hotels, Southern California
 
ARIZONA 
Hampton Inn Phoenix Chandler, Chandler
Proposed Hotel near Gilbert Heritage District, Gilbert
Hotel San Carlos, Phoenix
Proposed Hampton Inn at Metro Center, Phoenix
Proposed Hotel Phoenix, Phoenix
Proposed La Quinta Inn & Suites McDowell Road, Phoenix
Red Roof Inn Phoenix Bell Road, Phoenix
Holiday Inn Hotel & Suites Scottsdale North Airpark, Scottsdale
Proposed Ceasars Hotel at Scottsdale Fashion Square, Scottsdale
 
ARKANSAS 
Residence Inn by Marriott Little Rock Downtown, Little Rock
 
CALIFORNIA 
Proposed Hotel Adelanto, Adelanto
Courtyard by Marriott Thousand Oaks Agoura Hills, Agoura Hills
Candlewood Suites Anaheim - Resort Area, Anaheim
Embassy Suites by Hilton Anaheim North, Anaheim
Holiday Inn & Suites Anaheim (1 Blk/Disneyland), Anaheim
Holiday Inn Anaheim Disneyland, Anaheim
Embassy Suites Arcadia Pasadena, Arcadia
Proposed Hilton at The Source, Buena Park
Carmel Resort Inn, Carmel
DoubleTree by Hilton Golf Resort Palm Springs Area, Cathedral City
Proposed The GlenRoy, Coachella
Residence Inn San Diego Chula Vista, Chula Vista
Proposed Everhome Suites, Corona
SpringHill Suites by Marriott Corona Riverside, Corona
Courtyard by Marriott Los Angeles Westside, Culver City
DoubleTree Suites by Hilton Hotel Doheny Beach Dana Point, Dana Point
Proposed Hilton Garden Inn UC Davis, Davis
Courtyard by Marriott San Diego El Cajon, El Cajon
Yosemite Cedar Lodge, El Portal
Yosemite View Lodge, El Portal
Embassy Suites by Hilton Anaheim South, Garden Grove
Hampton Inn & Suites Los Angeles Glendale, Glendale
Proposed Caption by Hyatt, Hollywood
Paséa Hotel & Spa, Huntington Beach
Miramonte Indian Wells Resort & Spa Curio Collection by Hilton, Indian Wells
Pacific Edge Hotel, Laguna Beach
Proposed Hotel Lathrop Towne Centre, Lathrop
Hilton Garden Inn Lompoc, Lompoc
Proposed Breakers Hotel Long Beach, Long Beach
Residence Inn by Marriott Cypress Los Alamitos, Los Alamitos
Marriott Los Angeles Airport, Los Angeles
Proposed Found Santa Monica, Los Angeles
Proposed Spring Street Hotel, Los Angeles
Proposed Tommie Hotel, Los Angeles
Proposed Unscripted Hotel, Los Angeles
Thompson Hollywood, Los Angeles
Proposed Murrieta Hotel, Murrieta
Proposed Hampton Inn, Needles
Hyatt Regency, Newport Beach
Proposed Oakland Hotel, Oakland
Proposed Cambria Hotel Ontario, Ontario
Embassy Suites by Hilton Palm Desert, Palm Desert
Holiday House, Palm Springs
Proposed Andaz Palm Springs, Palm Springs
Proposed BODE: Palm Springs, Palm Springs
Courtyard by Marriott, Palmdale
Residence Inn by Marriott, Palmdale
Proposed Hotel Perris, Perris
Proposed Hotel at The River Mall, Rancho Mirage
Courtyard by Marriott San Diego Downtown, San Diego
DoubleTree by Hilton San Diego Del Mar, San Diego
Holiday Inn Express San Diego Downtown, San Diego
Lafayette Hotel Swim Club & Bungalows, San Diego
The Monsaraz Inn, Tapestry Collection by Hilton, San Diego
Proposed Hampton Inn San Diego, San Diego
Proposed Hotel San Diego, San Diego
San Diego Marriott Del Mar, San Diego
SpringHill Suites by Marriott San Diego Mission Valley, San Diego
Proposed Home2 Suites, San Marcos
Crowne Plaza Los Angeles Harbor, San Pedro
Embassy Suites Santa Ana Orange County Airport North, Santa Ana
Ambrose Hotel, Santa Monica
Proposed Hilton Garden Inn, Simi Valley
Wine Valley Inn & Cottages Solvang, Solvang
Proposed Hotel Sonora, Sonora
Sonora Inn, Sonora
Embassy Suites Temecula Valley Wine Country, Temecula
Hotel Erwin, Venice Beach
Pierpont Inn Ventura, Ventura
Fairfield by Marriott Visalia Sequoia, Visalia
Proposed Hyatt Place, Walnut Creek
Holiday Inn West Covina, West Covina
 
COLORADO 
SpringHill Suites Denver Tech Center, Greenwood Village
Proposed The Pad Hostel, Silverthorne
 
DISTRICT OF COLUMBIA 
Avery Georgetown
Hampton Inn & Suites Washington DC Navy Yard
 
GEORGIA 
Proposed Hotel, Hapeville
Hotel Indigo Savannah Historic District, Savannah
 
INDIANA 
Clarion Hotel & Conference Center, Indianapolis
 
MARYLAND 
Hampton Inn & Suites Baltimore/Aberdeen, Aberdeen
La Quinta Inn, Aberdeen
Proposed Fairfield Inn & Suites, Aberdeen
Proposed TownePlace Suites by Marriott, Belcamp
Days Inn & Suites, Cambridge
Super 8, Havre de Grace
Cambria Hotel & Suites, Rockville
Holiday Inn Express, Waldorf
 
MAINE 
Budget Traveler Motor Lodge, Presque Isle
 
MISSOURI 
AC Hotels by Marriott Kansas City Westport, Kansas City
 
NEW JERSEY 
Brick Motor Inn, Brick
Ramada Inn Wayne Fairfield, Wayne
Econo Lodge, Elmira
 
NEW YORK 
La Quinta Inn & Suites, Batavia
Holiday Inn Express, Grand Island
Budget Inn, Huntington
Crowne Plaza, Suffern
 
OHIO 
Super 8, Coshocton
Motel 6, Grove City
Motel 6 Canton, North Canton
 
PENNSYLVANIA 
Red Roof Inn, Chambersburg
Hampton Inn, Clarion
Comfort Inn Cranberry Township, Mars
Hampton Inn Pittsburgh Monroeville, Monroeville
Rodeway Inn, York
 
TEXAS 
Proposed Autograph Collection Trinity Groves, Dallas
Sheraton Fort Worth Downtown Hotel, Fort Worth
SpringHill Suites by Marriott Fort Worth University, Fort Worth
La Quinta Inn & Suites Houston Magnolia, Magnolia
 
UTAH 
Comfort Inn & Suites Salt Lake City Airport, Salt Lake City
Tru by Hilton Salt Lake City Airport, Salt Lake City
 
VIRGINIA 
Indian Hills Interstate Inn, Colonial Heights
Proposed Hampton Inn & Suites, Culpeper
SpringHill Suites by Marriott Fairfax Fair Oaks, Fairfax
Candlewood Suites Richmond West End Short Pump, Glen Allen
Hyatt Place Richmond Innsbrook Glen Allen, Glen Allen
Hampton Inn Norfolk/Naval Base, Norfolk
Hyatt House Richmond West, Richmond
Hyatt Place Richmond Arboretum, Richmond
Suburban Extended Stay Northwest, Richmond
Hyatt House Sterling/Dulles Airport-North, Sterling
 
WEST VIRGINIA 
Comfort Suites Bridgeport Clarksburg, Bridgeport
Proposed Best Western, Morgantown

My Articles

Recovery Outlook for the San Diego Lodging Market

In 2020, San Diego-area hotels suffered unprecedented declines in demand because of the COVID-19 pandemic, similar to most cities in the United States. Since then, many travelers have returned, and the greater San Diego hotel market has rebounded. What has the recovery looked like thus far? What must happen in the next 18 months for the market to reach pre-pandemic performance? What factors will shape the “new normal” for the market?

• May 4, 2022 By Marcus R. Lee

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

COVID-19’s Impact on the San Diego Lodging Market

Since early March, greater San Diego-area hotels have suffered unprecedented declines in demand, similar to most cities in the United States, because of the COVID-19 pandemic. How far has the San Diego hotel market fallen? How does this compare to the last recession? What will the recovery look like?

• November 5, 2020 By Marcus R. Lee

• Hotel Investments & Ownership , Hotel Operations , Travel & Tourism , Economic Trends and Cycles , COVID-19 , San Diego , California , United States , North America

HVS Market Pulse: San Diego, CA

The second-largest city in California is benefiting from record occupancy levels and new ADR peaks, despite the entrance of new supply.

• March 19, 2019 By Marcus R. Lee

• Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , San Diego , California , United States , North America

Market Pulse: Orange County Beaches, CA

Recent hotel transactions show investor confidence in this high-barriers-to-entry Southern California market. This article illustrates the current conditions and lodging metrics of the Huntington Beach, Newport Beach, and Costa Mesa submarkets.

• September 19, 2018 By Marcus R. Lee

• Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , California , North America , United States

Market Pulse: Annapolis, MD

Recent hotel transactions show investor confidence in this high-barrier-to-entry market near the major metropolitan areas of Baltimore and D.C. This article illustrates the current conditions and lodging metrics of the Annapolis market.

• April 23, 2018 By Marcus R. Lee , Chelsey Leffet

• Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Annapolis , United States , Maryland , North America

HVS Market Pulse: Richmond, VA

Richmond was recently rated among the world’s top tourism destinations, and leisure demand remains a pillar of the city’s hotel industry. Corporations, government institutions, and conventions are also driving occupancies and interest in new supply.

• June 29, 2017 By Marcus R. Lee

• Development & Construction , Technology , Travel & Tourism , Economic Trends and Cycles , Richmond , Virginia