Erich Baum, CRE

Consulting Experience

Working for HVS for over 25 years, Erich Baum, CRE, has performed appraisal and consulting assignments in 47 of the 50 states, as well as Mexico and the Caribbean. Because of his range of experience, Erich focuses on the most complex jobs, including litigation-related assignments and atypical consulting work, and his position as a Senior Vice President with HVS Boston makes him particularly expert in New England hotel real estate. With Steve Rushmore, Erich co-authored the 2001 edition of the Appraisal Institute’s hotel valuation textbook, and he has written articles on various issues relating to hotel appraisal and consulting. Erich is a CRE-designated (Counselor of Real Estate) state-certified appraiser and holds undergraduate and graduate degrees from Cornell and the University of San Francisco, respectively.

Testimonials

"HVS is clearly the market leader in hospitality appraisals. We use their services and would recommend them as part of your due diligence team." – Bob Howard, Chief Investment Officer Gold Key / PHR Hotels & Resorts

"I was extremely satisfied with HVS' turnaround time, depth of scope and overall quality of work. When working with Erich, he was flexible and understood how to select an appropriate data set and the unique qualities of the subject property. This resulted in a more thorough market study." – Corey Gluckstal, Five Point Real Estate

"HVS is my go-to place when thinking about a major hotel or mixed-use project. They always come ready to take a deep dive into the facts and research open issues. They quickly assess the market and the product and lay out a clear analysis that is critically important and most helpful to banks, authorities, agencies and equity partners." – Robin Brown, Spot on Ventures LLC

"Though I have worked with HVS in the past, Erich Baum was particularly outstanding on all levels. Erich was extremely quick to reply to all emails, including late evenings and early mornings; extremely knowledgeable of the market place; provided a deep-dive analysis which was extensive, informative, accurate, and easy to read for the group to whom the analysis was presented. Erich took the time to meet with me during the assignment to understand our needs. The follow-up was very quick and on point. Additionally, Erich made himself available to present his findings by conference call to the group who had many questions, to which Erich responded with extreme professionalism and in a delicate manner." – Anne-Juliette Maurice, Main Street Hospitality Group

"Erich Baum of HVS tailored a study to our specific project and delivered the critical information we needed. His knowledge and responsiveness in answering our questions was invaluable." – John Aubin, Open Square Properties

"Erich did a thorough analysis and review of the assignment, was timely with the delivery of the report, and provided a well-written, easy to follow work product, great job!" – Robert Howard, Gold Key/ PHR Hotels and Resorts

Employment History

1996 to present
HVS CONSULTING AND VALUATION SERVICES
Mineola, New York

1990 to 1996
HVS CONSULTING AND VALUATION SERVICES
San Francisco, California

Education

BS – School of Hotel Administration, Cornell University

MAW – School of Arts and Sciences, University of San Francisco

Specialized Training Classes Taken:
Statistics, Modeling and Finance – 15 hours
Even Odder - More Oddball Appraisals – 7 hours
NH Trainee Supervisor Course – 4 hours
Litigation Appraising: Specialized Topics and Applications – 15 hours
Basic Hotel Appraising – 7 hours
Advanced Hotel Appraising – 7 hours
The Appraiser as an Expert Witness – 15 Hours
Appraisal of Land Subject to Ground Leases – 7 Hours
Biennial USPAP Updates

Affiliations

Cornell Hotel Society - Cornell University
Counselors of Real Estate
Advisory Board - Main Street Hotel Group

State Certification

Massachusetts
New Hampshire
New York

Expert Witness

Arlington County Circuit Court, Arlington, Virginia
Maryland Tax Court, Baltimore, Maryland
Superior Court, New Britain, Connecticut
Board of Adjustment, New Castle County, Delaware
Supreme Court, Albany County, New York
New York State Department of Environmental Conservation Administrative Hearing, Margaretville, New York
Board of Appeals, Woodstock, Vermont
U.S. Bankruptcy Court, Eastern District of Missouri

Hotels Evaluated

Sample List for Illustrative Purposes

ALABAMA
Fairfield Inn, Birmingham
Radisson Hotel, Birmingham
Courtyard by Marriott, Dothan
Hampton Inn & Suites, Dothan
Proposed Hotel, Mobile
SpringHill Suites, Montgomery
 
ALASKA
Barratt Inn, Anchorage
 
ARIZONA
Holiday Inn, Bullhead City
Proposed Hilton Garden Inn, Phoenix
Hilton Resort & Villas, Scottsdale
Hyatt Regency Gainey Ranch, Scottsdale
Loews Ventana Canyon, Tucson
 
ARKANSAS
Holiday Inn, North Little Rock
 
CALIFORNIA
Proposed Summerfield Suites, Belmont
Motel 6, Big Bear City
Proposed Hotel, Big Bear Lake
Marriott SFO, Burlingame
Proposed Hotel, Clear Lake County
Harris Ranch, Coalinga
Trees Inn, Concord
Hotel Del Coronado, Coronado
Furnace Creek Inn and Ranch, Death Valley
Stovepipe Wells Village, Death Valley
Budget Motel, Encinitas
Motel 6, Gilroy
Hyatt Regency Grand Champions, Indian Wells
Hyatt Regency, Lake Tahoe
Hyatt Regency, Long Beach
Beverly Hills Country Club, Los Angeles
Hotel Wilshire, Los Angeles
Ma Maison Sofitel, Los Angeles
Proposed Rancho Malibu, Malibu
Red Lion, Modesto
Hyatt Regency, Monterey
Proposed Courtyard, Newark
Proposed Residence Inn, Newark
Holiday Inn, Palo Alto
Pleasanton Hilton, Pleasanton
La Quinta Motor Inn, Rancho Penasquitos
Mission Inn, Riverside
Red Lion Hotel, Ronhert Park
Sterling Hotel, Sacramento
Meadowood Napa Valley Resort, St. Helena
Holiday Inn Bayside, San Diego
Hotel Palomar, San Diego
Marriott Suites, San Diego
Rancho Bernardo Inn, San Diego
Summerhouse Inn, San Diego
U.S. Grant Hotel, San Diego
Donatello Hotel, San Francisco
Grand Hyatt, San Francisco
Howard Johnson Pickwick Hotel, San Francisco
Hyatt Fisherman’s Wharf, San Francisco
Hyatt Regency, San Francisco
InterContinental, San Francisco
Juliana Hotel, San Francisco
Marriott Fisherman’s Wharf, San Francisco
Orchard Hotel, San Francisco
Parc 55, San Francisco
Park Hyatt, San Francisco
San Francisco Hilton, San Francisco
San Francisco Marriott, San Francisco
Savoy Hotel, San Francisco
Sheraton Fisherman’s Wharf, San Francisco
Tuscan Inn, San Francisco
Quality Suites, San Luis Obispo
Canary Hotel, Santa Barbara
Inn at Pasatiempo, Santa Cruz
Loews Santa Monica Beach Hotel, Santa Monica
Ramada Inn, Solana Beach
Proposed Westin Clubsport, Walnut Creek
Walnut Creek Marriott, Walnut Creek
 
COLORADO
The Residential Suites at The Ritz-Carlton Bachelor Gulch, Avon
Ritz-Carlton Bachelor Gulch, Avon
Marriott, Colorado Springs
Hyatt Regency, Denver
Proposed Hilton Garden Inn, Denver
Proposed Summerfield Suites, Denver
Viceroy Hotel, Snowmass
Capella Hotel, Telluride
Inn at Lost Creek, Telluride
Vail Marriott Mountain Resort, Vail
 
CONNECTICUT
Comfort Inn, Cromwell
Courtyard by Marriott, Cromwell
Radisson, Cromwell
Proposed Resort, East Haddam
Sheraton, East Hartford
Holiday Inn Express, East Windsor
Harley Hotel, Enfield
Hyatt Regency, Greenwich
Proposed Hilton, Greenwich
Best Western Olympic Inn, Groton
Sheraton, Hartford
Proposed Thames Landing Resort, Montville
Hilton, Mystic
Courtyard by Marriott, New Haven
Grand Chalet, New Haven
Proposed Hotel, New London
Radisson, New London
Dolce Norwalk Conference Center, Norwalk
Proposed Hampton Inn, Norwich
Proposed Hampton Inn, Preston
AmeriSuites, Shelton
Holiday Inn Express & Suites, Shelton
Dolce Heritage, Southbury
Suisse Chalet, Stamford
Hyatt Place, Uncasville
Proposed Hilton Garden Inn, Wallingford
Mayflower Inn & Spa, Washington
Courtyard by Marriott, Waterbury
Westport Inn, Westport
Comfort Inn, Wethersfield
Courtyard by Marriott, Windsor
Marriott Hartford Airport, Windsor
Doubletree Hotel, Windsor Locks
Homewood Suites, Windsor Locks
Sheraton Bradley Airport, Windsor Locks
 
DELAWARE
Christiana Hilton Inn, Newark
Radisson Hotel & Suites, New Castle County
Proposed Wyndham Hotel, Wilmington
 
DISTRICT OF COLUMBIA
Capital Hilton, Washington
Carlyle Suites, Washington
Darcy Hotel, Curio Collection, Washington
DoubleTree by Hilton, Washington
DoubleTree Guest Suites, Washington
Four Seasons, Washington
Hilton Garden Inn, Washington
The Madison Hotel, Washington
Marriott Marquis, Washington
Mayflower Hotel, Autograph Collection, Washington
Park Hyatt, Washington
St. Regis, Washington
Savoy Suites, Washington
Trump International Hotel, Washington
Wardman Park Marriott, Washington
Washington Hilton, Washington
 
FLORIDA
Hyatt Regency, Coconut Point
Proposed Hotel, Fort Lauderdale
Proposed Margaritaville Resort, Fort Myers
Value Place Colonial, Fort Myers
Value Place Orange River, Fort Myers
Marriott Hotel, Jacksonville
Hyatt Regency, Key West
Best Western Diplomat, Kissimmee
Value Place, Lakeland
Courtyard by Marriott, Madeira Beach
Airport Hilton, Melbourne
Hyatt Regency, Miami
Proposed Hotel, Miami
Proposed Summerfield Suites, Miami
Value Place, Ocala
Grosvenor Resort, Orlando
Holiday Inn Select – UCF, Orlando
Heart of Palm Beach, Palm Beach
Marriott Hotel, Palm Beach Gardens
PGA National Resort, Palm Beach Gardens
Value Place, Sanford
Grand Hyatt, Tampa
Holiday Inn Express, Tampa
Holiday Inn, Titusville
 
GEORGIA
Hyatt Regency, Atlanta
Proposed Resort & Conference Center, Atlanta
Hilton Garden Inn Atlanta East, Lithonia
Sea Island Resort, Sea Island
 
HAWAII
Coco Palms, Kauai
The Westin Kauai at Kauai Lagoons, Lihue
Grand Wailea Resort, Maui
Hyatt Regency, Maui
 
IDAHO
Super 8, Coeur d’Alene
Super 8, Lewiston
Super 8, Sandpoint
 
ILLINOIS
Radisson, Arlington Heights
Courtyard by Marriott, Bedford Park
Fairfield Inn & Suites, Bedford Park
Hampton Inn, Bedford Park
Hilton Garden Inn, Bedford Park
Holiday Inn Express, Bedford Park
Marriot, Bedford Park
Sleep Inn, Bedford Park
The Drake, a Hilton Hotel, Chicago
Hotel Indigo, Chicago
Park Hyatt, Chicago
Proposed Conrad Hotel, Chicago
Hyatt Hotel, Deerfield
Holiday Inn Express, Effingham
Marriott Chicago Northwest, Hoffman Estates
Wyndham Northwest, Itasca
Adam’s Mark Hotel, Northbrook
Hyatt Regency, Northbrook
Radisson, Northbrook
Hyatt Regency, Oak Brook
Hyatt Hotel, Rosemont
Hyatt Regency O’Hare, Rosemont
Hyatt Regency Woodfield, Schaumburg
Marriott, Schaumburg
Crowne Plaza Hotel, Springfield
Holiday Inn Express, Springfield
 
INDIANA
Hyatt Regency, Indianapolis
 
IOWA
Holiday Inn, Iowa City
Argosy Casino, Sioux City
 
KENTUCKY
Baymont Inn, Bowling Green
Harley Hotel, Lexington
Hyatt Regency, Lexington
Hyatt Regency, Louisville
Holiday Inn Express Hotel & Suites, Somerset
 
LOUISIANA
Residence Inn, Baton Rouge
Ambassador Hotel, New Orleans
Chateau Sonesta, New Orleans
Fairmont Hotel, New Orleans
Hotel Modern, New Orleans
Pallas Suite Hotel, New Orleans
Proposed Grand Bay Hotel, New Orleans
Proposed Hotel at WWII Museum, New Orleans
St. Ann Hotel, New Orleans
St. Louis Hotel, New Orleans
 
MAINE
Hilton Garden Inn, Auburn
Residence Inn, Auburn
Hollywood Slots, Bangor
Proposed Hotel, Bangor
Super 8, Bangor
Proposed Hotel, Bath
Belfast Harbor Inn, Belfast
Comfort Inn Ocean’s Edge, Belfast
Bethel Inn & Country Club, Bethel
Lincoln Hotel & Lofts, Biddeford
Spruce Point Inn, Boothbay Harbor
Best Western, Brunswick
Fairfield Inn & Suites, Brunswick
Cliff House Maine, Cape Neddick
Econo Lodge, Freeport
Quality Suites, Freeport
Beach House Inn, Kennebunk
Grissini Restaurant, Kennebunk
Hidden Pond, Kennebunkport
White Barn Inn, Kennebunkport
Yachtsman Lodge & Marina, Kennebunkport
Eastland Park Hotel, Portland
Fairfield Inn, Portland
Hilton Garden Inn, Portland
Hilton Garden Inn Jetport, Portland
Suisse Chalet, Portland
Westin Harborview, Portland
Holiday Inn Express, Saco
TownePlace Suites, Scarborough
Holiday Inn Express, South Portland
Marriott Sable Oaks, South Portland
Proposed Tribute Hotel - Thompson's Point, Portland
Westin Portland Harborview, Portland
Proposed Hampton Inn, Wells
Stage Neck Inn, York
 
MARYLAND
Historic Inns of Annapolis, Annapolis
Hotel Monaco, Baltimore
Hyatt Regency, Baltimore
Proposed SpringHill Suites, Baltimore
Tremont Plaza Hotel, Baltimore
Chatham Bars Inn, Chatham
Colony South Hotel & Conference Center, Clinton
Sheraton Hotel, Columbia
Holiday Inn Express, Frederick
Marriott Hotel, Greenbelt
Courtyard by Marriott, Hunt Valley
Proposed Hotel, Kent Island
Hampton Inn BWI, Linthicum Heights
Marriott BWI, Linthicum Heights
Gaylord National Resort & Convention Center, National Harbor
Residence Inn by Marriott National Harbor Washington DC, National Harbor
Proposed Margaritaville Resort, Ocean City
Clarion Hotel, Oxon Hill
Silver Spring Motel, Silver Spring
 
MASSACHUSETTS
Fairfield Inn, Amesbury
Hampton Inn, Andover
Holiday Inn Express, Auburn
Courtyard by Marriott Boston Billerica Bedford, Billerica
Homewood Suites, Billerica
Ames Hotel, Boston
Back Bay Hotel, Boston
Battery Wharf Hotel, Boston
Courtyard by Marriott North Station, Boston
Courtyard by Marriott Tremont, Boston
DoubleTree Bayside Expo, Boston
DoubleTree Downtown, Boston
DoubleTree Guest Suites, Boston
Fairmont Copley, Boston
Four Seasons at One Dalton Street, Boston
Hilton Back Bay, Boston
Hilton Financial District, Boston
Holiday Inn Express, Boston
Holiday Inn Logan Airport, Boston
John Jeffries House, Boston
Mandarin Oriental Hotel, Boston
Proposed 200 Ipswich Street, Boston
Proposed Columbus Center Hotel, Boston
Proposed Meininger Hotel, Boston
Proposed Omni Waterfront, Boston
Radisson Hotel, Boston
Regent Hotel, Boston
Renaissance Hotel, Boston
Residence Inn Tudor Wharf, Boston
Ritz-Carlton Boston Common, Boston
Seaport Hotel, Boston
Taj Hotel, Boston
Tremont House, Boston
Westin Waterfront, Boston
Wyndham Hotel, Boston
Holiday Inn, Boxborough
Courtyard by Marriott, Cambridge
Radisson, Cambridge
Chatham Bars Inn, Chatham
Wyndham Hotel, Chelsea
Sheraton Ferncroft, Danvers
Residence Inn by Marriott New Bedford Dartmouth, Dartmouth
Hilton Hotel, Dedham
Harbor View Resort, Edgartown
Ramada Inn, Falmouth
Residence Inn, Foxborough
Residence Inn, Framingham
Sheraton, Framingham
Comfort Suites, Haverhill
Proposed Hotel at Open Square, Holyoke
Clarion Nantasket Beach Hotel, Hull
Harborview Hotel, Hyannis
Ramada Inn, Hyannis
DoubleTree Hotel, Leominster
Four Points Hotel, Leominster
Holiday Inn Express, Lexington
Doubletree Hotel, Lowell
Sheraton Inn, Lowell
Days Inn, Middleboro
Holiday Inn Express, Milford
Comfort Inn, Northborough
Residence Inn by Marriott New Bedford, North Dartmouth
MainStay Suites, Peabody
SpringHill Suites, Peabody
Hotel on North, Pittsfield
Proposed Boutique Hotel, Quincy
Hampton Inn, Revere
Proposed 150-Room Hotel, Revere
Proposed Full-Service Hotel, Revere
Proposed SpringHill Suites by Marriott, Revere
Ramada Inn, Rockland
La Quinta Inn & Suites, Springfield
Proposed Home2 Suites by Hilton, Springfield
Wheatleigh, Stockbridge
Publick House, Sturbridge
Fairfield Inn, Tewksbury
Holiday Inn Andover Tewksbury, Tewksbury
TownePlace Suites, Tewksbury
Sheraton Hotel, Wakefield
Proposed Summerfield Suites, Waltham
Proposed Sierra Suites, Woburn
Radisson, Woburn
Courtyard by Marriott, Worcester
Crowne Plaza Hotel, Worcester
Hampton Inn, Worcester
Flagship Inn, Yarmouth
Gull Way Suites, Yarmouth
 
MICHIGAN
Proposed Conference Center Hotel, Ann Arbor
Radisson Suites, Farmington Hills
Crowne Plaza Grand Rapids Airport, Grand Rapids
Holiday Inn East, Grand Rapids
Proposed Full-Service Hotel, Grand Rapids
Holiday Inn Express, Houghton
Courtyard by Marriott, Kentwood
Marriott Hotel, Livonia
Holiday Inn, Muskegon
Embassy Suites, Romulus
Hampton Inn & Suites, Romulus
Hilton Garden Inn, Romulus
Hilton Suites, Romulus
Radisson Plaza, Southfield
SpringHill Suites, Southfield
 
MINNESOTA
Airport Hilton, Bloomington
Holiday Inn Select, Bloomington
Doubletree Guest Suites, Minneapolis
Graves 601 Hotel, Minneapolis
Hilton, Minneapolis
Hyatt Regency, Minneapolis
Radisson University, Minneapolis
Proposed Hilton, Rochester
 
MISSISSIPPI
Comfort Inn, Clarksdale
Best Western, Greenville
Hampton Inn, Greenwood
Motel 6, Hattiesburg
Quality Inn, Oxford
Hollywood Casino, Tunica
 
MISSOURI
Fairmont Hotel, Kansas City
Chase Park Plaza, St. Louis
Comfort Inn Airport, St. Louis
Marriott West, St. Louis
Ritz-Carlton, St. Louis
Sheraton City Center, St. Louis
 
NEVADA
Super 8, Carson City
 
NEW HAMPSHIRE
Bedford Village Inn, Bedford
Wayfarer Inn, Bedford
Fairfield Inn, Concord
Days Inn, Dover
Hotel New Hampshire, Durham
Exeter Inn, Exeter
Hampton Inn & Suites, Exeter
Proposed Homewood Suites, Hanover
Eagle Mountain House, Jackson
Courtyard by Marriott, Keene
Courtyard by Marriott, Manchester
Hilton Garden Inn Downtown, Manchester
Holiday Inn Express, Manchester
La Quinta, Manchester
SpringHill Suites, Manchester
TownePlace Suites, Manchester
Proposed Branded Hotel, Meredith
Fairfield Inn, Merrimack
Merrimack Hotel & Conference Center, Merrimack
Courtyard by Marriott, Nashua
Crowne Plaza, Nashua
Proposed Residence Inn by Marriott, Nashua
Residence Inn by Marriott, Nashua
Sheraton, Nashua
Marriott Wentworth-by-the-Sea, New Castle
Hampton Inn & Suites, North Conway
North Conway Grand Hotel, North Conway
Yankee Clipper Lodge, North Conway
Courtyard by Marriott, Portsmouth
Fairfield Inn, Portsmouth
Hilton Garden Inn, Portsmouth
Proposed North End Portsmouth, Portsmouth
Proposed Westin Hotel, Portsmouth
Residence Inn by Marriott, Portsmouth
Sheraton Harborside, Portsmouth
Sunset Motor Inn, West Lebanon
Wolfeboro Inn, Wolfeboro
 
NEW JERSEY
Chelsea Hotel, Atlantic City
Hilton Newark Airport, Elizabeth
Proposed Limited-Service Hotel, Elizabeth
Holiday Inn George Washington Bridge, Fort Lee
Proposed Hotel, Freehold
Crystal Springs Resort, Hamburg
Proposed Hotel, Jersey City
Ocean Place Resort & Spa, Long Branch
Proposed Summerfield Suites, Morristown
Proposed TownePlace Suites, Mt. Laurel
Summerfield Suites, Mt. Laurel
Proposed Marriott, Newark
Proposed Summerfield Suites, Parsippany
Hyatt Regency, Princeton
Holiday Inn, Somerset
Proposed Homewood Suites, Somerset
Sunrise Suites, Tinton Falls
Proposed Renaissance & Residence Inn, Weehawken
 
NEW MEXICO
DoubleTree Hotel, Albuquerque
Inn at Loretto, Santa Fe
 
NEW YORK
Desmond Hotel, Albany
Proposed Hotel, Albany
Lord Amherst Redevelopment, Amherst
Marriott Buffalo Niagara, Amherst
Proposed Hotel, Beacon
Holiday Inn Arena, Binghamton
Proposed Best Western Plus, Brewster
Best Western/Sleep Inn/MainStay Suites, Bronx
Hampton Inn & Suites, Bronx
Hyatt Regency, Buffalo
Villa Roma Country Club, Callicoon
Holiday Inn Westbury, Carle Place
Proposed Boutique Hotel, Centerport
Proposed Holiday Inn Express, Chester
Best Western Albany Airport, Colonie
Proposed Select-Service Hotel, Cortlandt Manor
Nevele Resort Redevelopment, Ellenville
Woodcliff Hotel & Spa, Fairport
Proposed Hotel, Farmingdale
Hampton Inn, Fishkill
Hilton Garden Inn, Fishkill
Sheraton LaGuardia East, Flushing
Byblos Niagara Resort, Grand Island
The Menhaden, Greenport
Oheka Castle, Huntington
Fairfield Inn & Suites by Marriott, Ithaca
Proposed Hotel near the Concord Resort, Kiamesha Lake
Proposed Resort at Hutton Brick Yard, Kingston
Redevelopment Site, Kingston
Whiteface Lodge Resort & Spa, Lake Placid
Best Western, Lockport
Quality Inn, Massena
Proposed Residence Inn by Marriott, Middletown
Gurney’s Montauk Resort & Seawater Spa, Montauk
Holiday Inn, Mount Kisco
Proposed Hotel, New Hartford
Radisson, New Rochelle
Cipriani Event Facilities, New York
Grand Hyatt, New York
Holiday Inn Lower East Side, New York
MAve Hotel NYC, New York
Park Hyatt Stanhope, New York
Proposed Joie de Vivre Hotel on W 49th Street, New York
Ramada Milford Plaza, New York
Comfort Inn The Pointe, Niagara Falls
Holiday Inn at the Falls, Niagara Falls
Brookwood Inn, Pittsford
Proposed Hyatt Place East End, Riverhead
Westchester Hilton, Rye
Doral Arrowwood, Rye Brook
Hilton Westchester, Rye Brook
Hotel Saranac, Saranac Lake
The Point, Saranac Lake
Proposed Belleayre Resort, Shandaken
Proposed Boutique Hotel, Southold
Embassy Suites, Syracuse
Hampton Inn, Syracuse
Courtyard by Marriott, Tarrytown
Proposed Full-Service Hotel, Tyre
Holiday Inn University, Vestal
Proposed Residence Inn by Marriott, Wallkill
Renaissance Westchester, West Harrison
Hampton Inn & Suites, Yonkers
 
NORTH CAROLINA
Comfort Suites, Clayton
Proposed Sheraton, Davidson
Sanderling Resort & Spa, Duck
Marriott Research Triangle Park, Durham
Hampton Inn Airport, Greensboro
Proposed GuestHouse Suites, Greensboro
Rodeway Inn & Suites, Greenville
High Point Plaza Hotel, High Point
Proposed Holiday Inn, Huntersville
Proposed Westin, Morrisville
Proposed Crabtree Valley Hotel, Raleighp
Proposed Hotel Crabtree Mall, Raleigh
Residence Inn by Marriott, Raleigh
Sheraton Hotel, Raleigh
Sleep Inn, Wilson
 
NORTH DAKOTA
Fairfield Inn & Suites North, Bismarck
Fairfield Inn & Suites South, Bismarck
Residence Inn by Marriott, Bismarck
Ramada Plaza Conversion, Fargo
Residence Inn by Marriott, Fargo
 
OHIO
Fairfield Inn & Suites, Avon
Embassy Suites, Beachwood
Embassy Suites, Blue Ash
Harley Hotel, Cincinnati
Hyatt Regency, Cincinnati
Hilton Garden Inn Gateway, Cleveland
Hyatt Regency, Columbus
Proposed Convention Hotel, Columbus
Marriott Hotel, Sharonville
Hampton Inn, St. Clairsville
Crowne Plaza, Toledo
 
OKLAHOMA
Proposed Hotel, Oklahoma City
Renaissance Waterford, Oklahoma City
 
OREGON
RiverPlace Hotel, Portland
Vintage Plaza Hotel, Portland
Execulodge, Salem
Holiday Inn, Wilsonville
 
PENNSYLVANIA
Proposed Hyatt Place, Bethlehem
Comfort Inn, Hershey
Doubletree Hotel, Moon
Mount Airy Casino Resort, Mount Pocono
Hotel Palomar, Philadelphia
Omni Hotel, Philadelphia
Park Hyatt, Philadelphia
Proposed Residence Inn, Philadelphia
Harley Hotel, Pittsburgh
Hyatt Regency Airport, Pittsburgh
Proposed Hotel & Conference Center, Scranton
Courtyard by Marriott, Valley Forge
Comfort Inn, York
 
RHODE ISLAND
Hotel Viking, Newport
Hyatt Regency, Newport
Newport Harbor Hotel, Newport
Vanderbilt Grace Hotel, Newport
Boutique Hotel, Providence
Hilton Hotel, Providence
Holiday Inn, Providence
Westin Hotel, Providence
Comfort Inn, Warwick
Crowne Plaza, Warwick
Holiday Inn Express, Warwick
MainStay Suites, Warwick
NYLO Hotel, Warwick
Proposed Hotel, Warwick
Proposed Staybridge Suites, Warwick
Residence Inn, Warwick
SpringHill Suites, West Warwick
 
SOUTH CAROLINA
Hyatt House Historic District, Charleston
Hyatt Place Historic District, Charleston
Proposed Hotel, Charleston
Hampton Inn, Columbia
Comfort Inn, Greenville
Hampton Inn, Greenville
Hampton Inn, Spartanburg
 
TENNESSEE
Comfort Inn, Chattanooga
Aloft Cool Springs, Franklin
Homewood Suites, Germantown
The Carnegie Hotel, Johnson City
Holiday Inn Select, Memphis
Motel 6, Memphis
Radisson Hotel, Memphis
Wyndham Garden, Memphis
Gaylord Opryland Resort, Nashville
Holiday Inn Crowne Plaza, Nashville
Holiday Inn Express, Nashville
Renaissance Hotel, Nashville
Comfort Inn, Oak Ridge
Wilderness at the Smokies, Sevierville
 
TEXAS
Hyatt Regency, Austin
Radisson Hotel & Suites, Austin
Fairmont Hotel, Dallas
Hyatt Regency, DFW Airport
DoubleTree by Hilton El Paso Downtown, El Paso
Hyatt Regency, Hill Country
Hawthorn Suites, Houston
Hyatt Regency, Houston
Harvey Hotel, Irving
Proposed Hotel at Southfork Ranch, Parker
DoubleTree Airport Hotel, San Antonio
JW Marriott Hill Country Resort, San Antonio
Wilderness at the Smokies, Sevierville
 
VERMONT
Twin Farms, Barnard
Hilton Hotel, Burlington
Fairfield Inn, Colchester
The Inn at Essex, Essex
Killington Grand Hotel, Killington
Equinox Golf Resort & Spa, Manchester
Cortina Inn, Mendon
Middlebury Inn, Middlebury
Comfort Inn, Rutland
Hawthorn Suites, South Burlington
Courtyard by Marriott Burlington Taft Corners, Williston
Woodstock Inn & Resort, Woodstock
 
VIRGINIA
Hyatt Hotel, Arlington
Marriott Crystal Gateway, Arlington
Westin Gateway, Arlington
SpringHill Suites by Marriott, Centreville
Hampton Inn, Chantilly
Proposed Hotel, Chesapeake
Courtyard by Marriott, Crystal City
Embassy Suites, Crystal City
Holiday Inn Crowne Plaza, Crystal City
Hyatt Regency, Crystal City
Proposed Hilton Garden Inn, Fair Oaks
Courtyard by Marriott, Harrisonburg
Four Points, Harrisonburg
Homewood Suites, Herndon
Holiday Inn, Leesburg
Homewood Suites, Merrifield
The Main, Norfolk
Marriott Waterside Hotel, Norfolk
SpringHill Suites, Norfolk
Renaissance Hotel, Portsmouth
Holiday Inn West, Richmond
Hyatt Hotel, Richmond
Marriott Hotel, Richmond
Proposed Miller & Rhoads Hotel, Richmond
Sheraton Richmond West, Richmond
Residence Inn Tysons Corner, Vienna
Cavalier Hotel, Virginia Beach
Proposed Embassy Suites Oceanfront, Virginia Beach
Proposed Hilton Hotel, Virginia Beach
Proposed Marriott Oceanfront, Virginia Beach
The Inn at Little Washington, Washington
Governor’s Inn, Williamsburg
Griffin Hotel, Williamsburg
The Williamsburg Inn, Williamsburg
The Williamsburg Lodge, Autograph Collection, Williamsburg
Woodlands Hotel & Resorts, Williamsburg
 
WASHINGTON
Embassy Suites, Bellevue
Red Lion Hotel, Bellevue
Homecourt Suites, Kent
Embassy Suites, Lynnwood
Red Lion Hotel, Sea-Tac
Grand Hyatt, Seattle
Holiday Inn Crowne Plaza, Seattle
Proposed Red Lion, Seattle
Red Lion Hotel, Spokane
Shilo Inn, Spokane
Skamania Lodge, Stevenson
Howard Johnson, Tacoma
Sheraton Hotel, Tacoma
Shilo Inn, Tacoma
Doubletree Suites, Tukwila
Red Lion Hotel, Yakima
 
WEST VIRGINIA
Holiday Inn Hotel & Suites, Huntington
Hampton Inn, Wheeling
 
WISCONSIN
Wyndham Garden, Brookfield
Lake Lawn Resort, Delavan
Holiday Inn Airport, Milwaukee
Holiday Inn West, Milwaukee
Hyatt Regency, Milwaukee
Wilderness Hotel & Resort, Wisconsin Dells
 
WYOMING
Super 8, Cody
Super 8, Jackson
Four Seasons Jackson Hole, Teton Village
 
 
INTERNATIONAL
 
Anguilla
Four Seasons Anguilla
 
Aruba
Hyatt Regency
 
Bermuda
Fairmont Princess Hotel, Hamilton
Waterloo House, Hamilton
Coral Beach & Tennis Club, Southampton
Horizons & Cottages, Southampton
Sonesta Beach Resort, Southampton
 
Canada
Hyatt Regency, Vancouver, British Columbia
 
Dominican Republic
Punta Cana Resort, Punta Cana
 
Mexico
Esperanza Resort, Cabo San Lucas
Omni Hotel, Ixtapa
 
Puerto Rico
Hyatt Dorado Beach, Dorado
Hyatt Regency Cerromar, Dorado
 
West Indies
Proposed Hotel & Casino, St. Kitts
Club St. Lucia, St. Lucia
Ladera Resort, St. Lucia

My Articles

Convention Center Headquarters Hotel Openings – Nine Cases in Point

In this article, the author reviews market data associated with the introduction of nine headquarters hotels from the past 16 years to provide insight into the impacts such openings have on their competitive sets’ performance.

• February 20, 2019 By Erich Baum

• Development & Construction , Valuations & Market Studies , Convention, Sports, Entertainment , Economic Trends and Cycles

Possessory Interests in Hotel Real Estate

Possessory interests result from unique circumstances. Understanding its origin and purpose is necessary when performing a possessory interest appraisal. This article describes possessory interest and provides valuation methodology guidance.

• January 16, 2019 By Erich Baum

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Property Tax

Supply-Induced Hotel Demand in Portland, Maine: A Case Study

In this article, the author considers the phenomenon of supply-induced demand in the hotel industry, using the recent experience of Portland, Maine, as the case example.

• February 6, 2018 By Erich Baum

Resort With A Real Estate Ownership Component: A Turnaround Case Study

In this article, we study a resort with a residential ownership component as a means of considering some of the key factors affecting this increasingly common property feature.

• November 7, 2016 By Erich Baum

• Valuations & Market Studies , Condo Hotels , Resorts , Shared Ownership & Timeshare , Resort Residential

Access HVS Boston Key Takeaways

Access HVS Networking Event in Cambridge reveals strengths and challenges for New England markets.

• April 18, 2016 By Erich Baum , Brian F. Bisema , Preston K. Puleo

• Lending , Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles

A Brief Guide to Winning a Hotel Property Tax Appeal

Internal and external factors affect hotel property value, and in turn, its property tax burden. In most cases, an experienced hotel appraiser, employing a proven appeal protocol, is needed to determine whether a property is unfairly assessed.

• April 27, 2015 By Erich Baum

• Valuations & Market Studies , Property Tax

The Fine Art of Hotel Sale Adjustment

In this article, a case study is used as the basis for examining the various types of comparable sales adjustments, and the logic behind their application.

• July 29, 2013 By Erich Baum

• Hotel Investments & Ownership , Lending , Valuations & Market Studies , Brokerage & Transactions , Economic Trends and Cycles

What Should I Build? A Feasibility Methodology for Developers Seeking Product Guidance

This article details a simple and logical methodology that can be used to determine which among a variety of brand/product scenarios are feasible, if any, and to gauge which among the feasible uses will generate the strongest return.

• October 1, 2012 By Erich Baum

Putting the Past to Use: A Hotel Forecasting Tool for the Current Downturn

Most hotel operators are currently facing revenue losses. Using our store of historical data from the prior downturn, HVS has developed an analytic tool for use in projecting income and expense items through the downturn.

• February 27, 2009 By Erich Baum

• Hotel Operations , Valuations & Market Studies , Economic Trends and Cycles , Hotels - Distressed

Boston Hotel Market Review - 2006

The Boston lodging market outlook remains positive, with some uncertainty associated with new 4 star inventory and a sluggish commercial segment. However, the city is fundamentally sound and is expected to remain attractive for hotel investment.

• February 22, 2006 By Erich Baum , Thomas G. Dolan

• Valuations & Market Studies , Economic Trends and Cycles

Boston Hotel Market Outlook

The Boston lodging market’s long-awaited recovery commenced in 2004. The course has been set, and substantial investments in transportation and convention infrastructure seem likely to facilitate continued improvement.

• June 22, 2005 By Erich Baum

• Valuations & Market Studies , Economic Trends and Cycles

Boston Hotel Market Review: Mid-2003

The Boston lodging market, always volatile, continues to decline through mid 2003. Developers are lined up at the door, however, waiting for construction capital. Meanwhile, a new convention center will open in 2004, providing some answers, but gen

• September 18, 2003 By Erich Baum

• Valuations & Market Studies , Economic Trends and Cycles

How to Lower the Property Taxes on Your Hotel or Restaurant

Factors both internal and external to a hotel property affect its value, and in turn, its property tax burden. In most cases, an experienced hotel appraiser, employing a proven appeal protocol, is needed to determine whether a property is unfairly assessed.

• June 24, 2003 By Erich Baum

• Hotel Investments & Ownership , Food & Beverage , Valuations & Market Studies , Property Tax