HVS | Erich Baum

My Articles

Putting the Past to Use Redux - Expense Elasticity in a Downturn

Reprising and updating a study from the last downturn, this article surveys operating expense elasticity in the industry’s most recent period of acute revenue loss, 2008–2009, using data presented across a range of product types and quality levels. The study is intended to help industry participants build or evaluate a forecast in a context of economic decline and provides a forecasting tool for the same.

April 14, 2020 By Erich Baum

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

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 , North America , United States

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 , D.C. , Washington , United Arab Emirates , North America

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

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

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 , Boston , North America

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 , North America

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 , North America

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 , North America

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 , North America

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 , North America

Erich Baum, CRE

Consulting Experience

Testimonials

Employment History

Education

Affiliations

State Certification

Speaking Engagements

Expert Witness

Hotels Evaluated