Erich Baum

Senior Vice President

Consulting Experience

As Senior Vice President of the HVS Consulting & Valuation office in Boston, Erich Baum is a highly accomplished commercial appraiser and consultant with over three decades of experience, having worked in 48 of 50 states, as well as Mexico and the Caribbean. He regularly handles complex jobs, including litigation-related assignments and atypical consulting engagements. Erich’s specialties include the following:

  • Appraisals of existing hotels for typical debt financing scenarios (acquisition, refinancing) as well as less typical purposes such as estate planning, eminent domain, dispute resolution, ground rent negotiations/resets, etc.
  • Feasibility analyses and market/demand studies for proposed hotel and mixed-use projects
  • “As is” and prospective USPAP-compliant valuations for proposed developments, existing hotels, resorts, and mixed-use assets
  • Feasibility studies and valuations tailored to address the particular requirements of public financing programs
  • Property tax appraisals performed for both municipal taxing authorities and property owners
  • Proposed hotel brand/product recommendations, including franchise affiliation, room count, and public facilities guidance
A sample of his consulting and appraisal experience is presented below. For confidentiality purposes, the majority of Erich’s experience with proposed assets, which is extensive, has not been disclosed. A more refined list of market-specific experience can be provided upon request.

Northeast & Mid-Atlantic U.S. Regions
  • Cliff House Maine (Cape Neddick, ME)
  • Camden Harbour Inn (Camden, ME)
  • Woodstock Inn & Resort (Woodstock, VT)
  • Equinox Resort (Manchester Village, VT)
  • Four Seasons Hotel - One Dalton Street (Boston, MA)
  • Chatham Bars Inn (Chatham, MA)
  • Omni Parker House (Boston, MA)
  • Mandarin Oriental (Boston, MA)
  • Norwalk Dolce Conference Center (Norwalk, CT)
  • Whiteface Lodge (Lake Placid, NY)
  • Cipriani 42nd Street (Manhattan, NY)
  • Renaissance Times Square (New York, NY)
  • Roscoe Mountain Club (Roscoe, NY)
  • Legoland Hotel (Goshen, NY)
  • Gurney’s Montauk Resort & Seawater Spa (Montauk, NY)
  • Wildflower Farms, Auberge Resorts Collection (Gardiner, NY)
  • Showboat Resort (Atlantic City, NJ)
  • Serenité Private Membership Club (Tannersville, PA)
  • Gaylord National Resort & Convention Center (Oxon Hill, MD)
  • Cavalier Hotel & Beach Club, Autograph Collection (Virginia Beach, VA)
  • Marriott Marquis (Washington, D.C.)
  • Washington Marriott Capitol Hill (Washington, D.C.)
 Other U.S. & International Regions
  • Ritz-Carlton Bachelor Gulch (Avon, CO)
  • Four Seasons Vail Resort (Vail, CO)
  • PGA National Resort (Palm Beach Gardens, FL)
  • Sanderling Resort (Duck, NC)
  • Four Seasons Jackson Hole (Teton Village, WY)
  • Hotel Del Coronado (Coronado, CA)
  • Meadowood Napa Valley (St. Helena, CA)
  • The Drake, a Hilton Hotel (Chicago, IL)
  • JW Marriott Hill Country (San Antonio, TX)
  • Fairmont Hamilton Princess (Hamilton, Bermuda)
  • Four Seasons Anguilla
With Steve Rushmore, Erich co-authored the 2001 edition of the Appraisal Institute’s hotel valuation textbook and regularly publishes articles relating to hotel appraisal and consulting. He is a state-certified appraiser and holds undergraduate and graduate degrees from Cornell and the University of San Francisco, respectively.

Connect with Erich on LinkedIn.