Kasia M. Russell, MAI

Consulting Experience

Kasia M. Russell, Executive Vice President – Development, has been with HVS since 2006. A Seattle native now residing in Portland, Oregon, Kasia has overseen hundreds of assignments spanning hotel appraisals, market studies, portfolio valuations, and feasibility studies for proposed hotels, resorts, and mixed-use assets. She has also appraised partial-ownership interests and conducted management contract valuations. Kasia has completed valuations on hotel real estate with an aggregate value of over $100 billion.

With a deep understanding of the hospitality sector, Kasia’s expertise has allowed her to move into an advisory role, assisting clients in navigating the intricate landscape of hotel real estate investment. Leveraging extensive industry experience, she provides valuable insights and strategies that empower clients to make informed decisions and maximize their investment potential. Kasia’s commitment to excellence and her passion for the hospitality industry make her a trusted industry partner. 

Connect with Kasia on LinkedIn.

Testimonials

"Kasia Russell and her team are a delight to work with. They are professional, attentive, [and] prompt, and I really appreciated how much time they invested into explaining the results of the market study we commissioned to multiple stakeholders on our end. HVS is a leader in the hospitality market study space, and we would trust them on any project." – Sarah Zahn, Urban Development + Partners (UD+P)

"Kasia and her team were so on it during a rush assignment. It’s really competitive to get your vendors to be punctual in order to close on time. We got everything we needed on time, and the HVS reputation for hospitality won credibility with our lenders. We are happy to use them in the future." – Derek Worchel, All Services Real Estate

"Ms. Kasia Russell was my contact person. Throughout the process she was very professional, friendly and caring. She worked with me as one would work with a longtime trusted friend. Kasia provided answers to all of my questions regarding my business needs for the study and even emailed me after the project was completed to see if I had any further question or if she could help me understand our report in depth. Because of Kasia's service, I will call HVS for my future projects." – Devin Singh, Phoenix, AZ

"The promises made were kept - quality and schedule and cost - the document was great quality, [and] the team was great to work with." – Matt Braun, Braun Development Company

Employment History

2006 – Present
HVS CONSULTING AND VALUATION SERVICES
Boulder, Colorado

2005 – 2006
SKAGIT VALLEY CASINO RESORT
Bow, Washington

2003 – 2004
HOTEL BELLWETHER
Bellingham, Washington

Education

WESTERN WASHINGTON UNIVERSITY
Bachelor of Arts

Other Specialized Training Classes Completed:
Uniform Standards of Professional Appraisal Practice
Basic Appraisal Procedures
Basic Appraisal Principles
General Appraiser Income Approach (Parts I and II)
General Appraiser Market Analysis and HBU
General Appraiser Sales Comparison Approach
General Appraiser Site Valuation and Cost Approach
Business Practices and Ethics
Statistics, Modeling and Finance
General Appraiser Report Writing and Case Studies
Advanced Income
Report Writing and Valuation Analysis
Small Hotel Valuation
Fundamentals of Separating Real, Personal Property, and Intangible Business Assets
Advanced Market Analysis and Highest & Best Use
Advanced Concepts & Case Studies
General Demonstration Appraisal Report Writing (Demo)
OR Supervisor/Trainee Class
Advanced Income
CA Laws and Regulations
Nevada Law
Mortgage Fraud
Oddball Appraisals
Business and Equipment Values in a Real Estate Appraisal
Advanced Hotel Appraising – Full-Service Hotels
Appraisal of Owner-Occupied Commercial Properties
Appraisal of Land Subject to Ground Lease
Basics of Expert Witness
Appraiser as an Expert Witness
CA Supervisor/Trainee
NV Law
Business Practice and Ethics
Commercial Land Valuation
Analyzing Operating Expenses
Rates and Ratios
Small Hotel Valuation
Appraisal of Fast-Food Facilities
Evaluating Commercial Leases
Cost Approach
Sales Comparison Approach
Understanding Luxury Home Features
Appraisal of Industrial Buildings
Market Disturbances
Best Practices for Completing Bifurcated & Hybrid Appraisals
Appraising Today's Manufactured Homes
Introduction to Commercial Appraisal Review
Income Approach
Biennial USPAP Updates

Affiliations

Appraisal Institute – Designated Member (MAI)

Hotels Evaluated

Sample List for Illustrative Purposes

PORTFOLIO ANALYSIS
JPMorgan Portfolio of 6, Various Locations
JPMorgan Portfolio of 9, Various Locations
Natixis Portfolio of 14, Various Locations
Quarterly Clarion Portfolio of 47, Various Locations
Portfolio of 14 Shilo Inns, Various Locations in the Western U.S.
Portfolio of 7 Full-Service Hotels, Various Locations
29 Extended Stay America Hotels, Northwestern U.S.
 
ALABAMA
Homewood Suites, Huntsville
Comfort Inn, Prattville
Courtyard by Marriott, Prattville
Proposed Homewood Suites, Prattville
 
ALASKA
Coast International Inn, Anchorage
Proposed Home2 Suites, Anchorage
Proposed Upscale Hotel Downtown Anchorage, Anchorage
Ramada Anchorage, Anchorage
Super 8 Juneau, Juneau
 
ARIZONA
Proposed Hyatt Place, Avondale
Carefree Resort (Conversion to DoubleTree), Carefree
Red Roof Inn, Chandler
Best Western, Cottonwood
Hilton Garden Inn, Flagstaff
Residence Inn by Marriott Phoenix Gilbert, Gilbert
Tru by Hilton Gilbert, Gilbert
Proposed Holiday Inn Express/Staybridge Suites, Goodyear
Travelodge, Lake Havasu City
Proposed Homewood Suites by Hilton, Lake Havasu
Hilton Phoenix East, Mesa
Holiday Inn Hotel & Suites Phoenix Mesa Chandler, Mesa
Proposed Hotel at Cannon Beach, Mesa
Residence Inn Phoenix Mesa East, Mesa
Candlewood Suites, Nogales
Proposed Wingate Inn Page Arizona, Page
Arizona Grand Resort, Phoenix
Country Inn & Suites, Phoenix
Crowne Plaza, Phoenix
Hilton Garden Inn Airport North, Phoenix
Hilton Suites, Phoenix
Hyatt Regency, Phoenix
Proposed Conference Center, Phoenix
Proposed Dual-Branded Hotel Happy Valley, Phoenix
Proposed Hotel Downtown Prescott, Prescott
Red Roof Inn, Phoenix
Sheraton Phoenix Downtown, Phoenix
SpringHill Suites by Marriott Phoenix North, Phoenix
Travelodge, Phoenix
Holiday Inn Express, Pinetop
Days Inn, Sedona
Holiday Inn Express, Show Low
Candlewood Suites, Sierra Vista
Holiday Inn Express, Sierra Vista
MOXY Phoenix Tempe/ASU Area, Tempe
Proposed Hilton Garden Inn/Home2 Suites by Hilton, Tempe
Proposed South Pier Hotel, Tempe
Proposed Tempe Hotel, Tempe
Ramada, Tempe
Red Roof Inn Phoenix Airport, Tempe
Proposed Best Western, Topock
Hilton Tucson East, Tucson
Holiday Inn Express, Tucson
Hotel Arizona, Tucson
Sheraton Hotel & Suites, Tucson
Holiday Inn Express, Winslow
 
CALIFORNIA
Hampton Inn & Suites Oakland Airport Alameda, Alameda
Home2 Suites Alameda Oakland Airport, Alameda
Proposed Fairfield Inn & Suites, Alameda
Embassy Suites by Hilton Anaheim North, Anaheim
Holiday Inn & Suites Anaheim (1 Blk/Disneyland®), Anaheim
Hotel Menage, Anaheim
Radisson Blu Anaheim, Anaheim
Proposed Azusa Hotel, Azusa
Hampton Inn & Suites, Blythe
Chase Suites Hotel, Brea
Proposed Hampton Inn, Buena Park
Crowne Plaza, Burlingame
Courtyard San Diego Carlsbad McClellan-Palomar Airport, Carlsbad
L'Auberge Carmel, Carmel-by-the-Sea
Residence Inn by Marriott, Corona
Residence Inn, Cupertino
DoubleTree Suites by Hilton Hotel Doheny Beach Dana Point, Dana Point
Propose Hotels, Davis
Rodeway Inn Encinitas North, Encinitas
Courtyard by Marriott, Fairfield
Courtyard Airport, Fresno
Radisson, Fresno
Hyatt Regency Orange County, Garden Grove
Residence Inn Anaheim/Garden Grove, Garden Grove
Best Western Plus Diamond Valley Inn, Hemet
Proposed Hilton Garden Inn, Irvine
Proposed Country Inn & Suites, Kanab
Proposed Hampton Inn & Suites by Hilton, La Habra
La Jolla Inn (Conversion to Ascend Collection), La Jolla
Proposed Select-Service Hotel, Lake Havasu
Homewood Suites, La Quinta
Holiday Inn Express Lincoln Roseville, Lincoln
Proposed Select-Service Hotel, Livermore
Hilton Garden Inn, Lompoc
Proposed Hilton Garden Inn, Lompoc
Hotel Queen Mary, Long Beach
Proposed Breakers Hotel Long Beach, Long Beach
The Cecil Hotel, Los Angeles
Claremont Hotel Tiverton, Los Angeles
Proposed Hampton Inn & Suites Korea Town, Los Angeles
Proposed Hotel, Los Angeles
The Standard Hotel, Los Angeles
Proposed Residence Inn by Marriott, Mammoth Lakes
Sierra Nevada Resort & Spa, Mammoth Lakes
Belamar Hotel, Manhattan Beach
Proposed Autograph Hotel, Menlo Park
Stanford Park Hotel, Menlo Park
Marriott, Monterey
Proposed Hotel, Napa
Proposed Hampton Inn, Needles
Le Puy Inn, Newberg
Fairfield Inn & Suites Riverside Corona Norco, Norco
Hampton Inn by Hilton Oakland Downtown City Center, Oakland
Proposed Hampton by Hilton, Oakland
Ontario Airport Hotel & Conference Center, Ontario
Radisson Ontario Airport, Ontario
Sheraton, Ontario
Embassy Suites, Orange
Proposed Oroville Hotel, Oroville
Bide-A-Wee Inn & Cottages, Pacific Grove
Martine Inn, Pacific Grove
Monarch Resort, Pacific Grove
Sea Breeze Inn & Cottages, Pacific Grove
Embassy Suites by Hilton Palm Desert, Palm Desert
Hampton Inn & Suites, Palm Desert
Proposed Autograph Hotel, Palm Desert
Villa Royale Inn, Palm Springs
Embassy Suites Palmdale, Palmdale
Proposed Upscale Hotel, Palo Alto
Sheraton Pasadena Hotel, Pasadena
Lancer Motel, Pico Rivera
Proposed Hotel, Pismo Beach
Hilton at the Club Expansion, Pleasanton
La Quinta Inn & Suites, Pomona
Proposed Sanctity Hotel, Rancho Cucamonga
Proposed Tierra Oaks Resort, Redding
Proposed Hotel, Rocklin
Good Nite Inn, Sacramento
Lexington Inn & Suites Sacramento Cal Expo, Sacramento
Proposed Hampton Inn, Sacramento
Proposed Hilton Garden Inn, Sacramento
Proposed Hotel, Sacramento
Westin, Sacramento
Fairfield Inn by Marriott, San Bernardino
DoubleTree by Hilton Hotel San Diego Downtown, San Diego
Four Points by Sheraton, San Diego
SureStay Hotel by Best Western San Diego Pacific Beach, San Diego
Best Western Americania, San Francisco
Carriage Inn, San Francisco
Good Hotel, San Francisco
Hotel Metropolis, San Francisco
Hotel Vertigo, San Francisco
Mark Twain Hotel, San Francisco
Tilden Hotel, San Francisco
Proposed Crowne Plaza, San Gabriel
Proposed Sheraton Hotel, San Gabriel
Four Points by Sheraton San Jose Airport, San Jose
Proposed Hilton Garden Inn, San Luis Obispo
Proposed Homewood Suites, San Luis Obispo
Proposed Hotel, San Jose
Proposed Select-Service Hotel, San Luis Obispo
Holiday Inn & Suites, San Mateo
Marriott San Mateo San Francisco Airport, San Mateo
Crowne Plaza, San Pedro
DoubleTree by Hilton Hotel San Diego Downtown, San Diego
Crowne Plaza Los Angeles Harbor, San Pedro
Travelodge, Santa Monica
Sandman Motel, Santa Rosa
Proposed Lexington Hotel, Scotts Valley
Kronborg Inn, Solvang
Proposed Unscripted, South Lake Tahoe
Budget Inn & Suites Stockton, Stockton
Holiday Inn Express Stockton Southeast, Stockton
Proposed Tahoe Luxury Lodges, Tahoe City
Proposed Hampton Inn, Tehachapi
Hotel Truckee Tahoe, Truckee
Embassy Suites, Valencia
Holiday Inn Express, Walnut Creek
Proposed Fairfield Inn & Suites by Marriott, Woodland
 
COLORADO
Proposed Limited-Service Hotel, Breckenridge
Hyatt Summerfield Suites, Colorado Springs
Proposed Comfort Suites/Mainstay Suites, Colorado Springs
Proposed Sheraton Downtown, Colorado Springs
Cameron Motel, Denver
Proposed Hyatt Place DIA, Denver
Quality Inn (Brand Analysis), Denver
Rocky Mountain Park Inn, Estes Park
Gateway Canyons Resort, Gateway
Holiday Inn Hotel & Suites Grand Junction Airport, Grand Junction
Regency Hotel (Brand Analysis), Greeley
Proposed Hotel, Telluride
Proposed Homewood Suites by Hilton, Thornton
 
CONNECTICUT                  
Fairfield Inn by Marriott, Milford
Fairfield Inn by Marriott, Wallingford
Fairfield Inn by Marriott, Windsor Locks
 
FLORIDA                             
Wakulla Suites, Cocoa Beach
Multi-use Commercial Property, Deerfield Beach
Hampton Inn, Ft. Lauderdale
Hampton Inn, Jacksonville
Residence Inn, Jacksonville
Residence Inn, West Palm Beach
 
GEORGIA
Candlewood Suites, Athens
Embassy Suites, Kennesaw
Hotel Indigo, Vinings
 
HAWAII
Polynesian Plaza, Honolulu
Courtyard by Marriott Kaua'i at Coconut Beach, Kapa'a
 
IDAHO
Hampton Inn & Suites Boise Spectrum, Boise
Hilton Garden Inn Boise Spectrum, Boise
Motel 6 Boise Airport, Boise
Proposed Avery Hotel, Boise
Proposed Boise Hotel, Boise
TownePlace Suites by Marriott Boise Downtown, Boise
Proposed Sunnyslope Wine Trail Hotel, Caldwell
Hampton Inn & Suites, Coeur d’Alene
Holiday Inn Express, Coeur d'Alene
La Quinta Inn & Suites, Coeur d’Alene
Shilo Inn Suites, Coeur d'Alene
Proposed SpringHill Suites, Coeur d’Alene
SpringHill Suites by Marriott, Coeur d’Alene
Proposed Homewood Suites by Hilton Eagle, Eagle
Proposed Lodge at Carlin Bay, Harrison
Proposed Hotel, Idaho Falls
Shilo Inn, Idaho Falls
Fairfield Inn & Suites, Moscow
Proposed Boutique Hotel Moscow, Moscow
Proposed Fairfield Inn & Suites, Moscow
Hampton Inn & Suites, Mountain Home
Proposed Nampa Hotel, Nampa
Proposed Hotel, Nampa
TownePlace Suites by Marriott Pocatello, Pocatello
Proposed Downtown Rupert Hotel, Rupert
Hampton Inn, Twin Falls
Holiday Inn Express, Twin Falls
La Quinta Inn & Suites, Twin Falls
Motel 6, Twin Falls
Proposed TownePlace Suites by Marriott, Twin Falls
Quality Inn, Twin Falls
 
ILLINOIS                             
Holiday Inn Merchandise Mart, Chicago
Hilton Oak Lawn, Chicago
Proposed Renaissance Blackstone, Chicago
Renaissance, Chicago
Danville Inn & Convention Center, Danville
Marriott Suites, Deerfield
Proposed Hampton Inn & Suites, Edwardsville
Comfort Inn, Elk Grove Village
Days Inn, Matteson
Holiday Inn, Moline
Holiday Inn Express, Moline
Candlewood Suites, O’Fallon
Inn Town Motel, Rockford
Days Inn, Sheffield
Holiday Inn Express, Shiloh
The Blue Star Inn, Urbana
Holiday Inn, Willowbrook
 
INDIANA                             
Red Carpet Inn, Anderson
Proposed Suburban Extended-Stay, Castleton
Proposed Suburban Extended-Stay, Clarksville
La Quinta Inn & Suites, Fort Wayne
Quality Inn, Fort Wayne
Sheraton Keystone Crossing, Indianapolis
Quality Inn & Suites, Lebanon
Ramada Inn, Logansport
Super 8, Logansport
Super 8, Markle
Days Inn, Merrillville
Holiday Inn, Merrillville
Proposed Holiday Inn, Merrillville
Knights Inn, South Bend
Proposed Suburban Extended-Stay, South Bend
Hilton Garden Inn, West Lafayette
 
IOWA
Days Inn, Davenport
Hampton Inn, Des Moines
Quality Inn, Newton
Econo Lodge, West Liberty
 
KANSAS
Econo Lodge, Wichita
 
KENTUCKY
Baymont Inn & Suites, Bowling Green
Rodeway Inn, Florence
 
LOUISIANA
Proposed Courtyard by Marriott, Houma
 
MARYLAND
Hampton Inn, Lexington
 
MICHIGAN
Comfort Suites, Benton Harbor
Best Western, Grand Haven
Pine Mountain TimberStone Ski and Golf Resort, Iron Mountain
Econo Lodge, Lansing
The Regent Inn, Lansing
Econo Lodge, Petoskey
 
MISSISSIPPI
Proposed Oxford Boutique Hotel & Spa, Oxford
 
MINNESOTA                      
Hampton Inn, Eagan
Hampton Inn, Eden Prairie
Proposed aloft, Edina
Super 8, Granite Falls
Super 8, Marshall
DoubleTree Park Place, Minneapolis
Hotel IVY, Minneapolis
Proposed Westin, Minneapolis
Westin, Minneapolis
Hampton Inn, Minnetonka
 
MISSISSIPPI
Car Wash, Magee
 
MISSOURI
Hampton Inn, Bloomington
Proposed Indigo Hotel, Kansas City
 
MONTANA
Proposed Limited-Service Hotel, Culbertson
Proposed Best Western Plus, East Glacier Park
Proposed Four Corners Hotel, Four Corners
Greystone Inn, Great Falls
Hilton Garden Inn, Missoula
Mountain Valley Inn Missoula, Missoula
Proposed Whitefish Hotel, Whitefish
 
NEBRASKA
Days Inn, McCook
Proposed Hotel, South Sioux City
 
NEVADA
Hampton Inn & Suites by Hilton Las Vegas Airport, Las Vegas
Lexi Las Vegas, Las Vegas
Proposed Fairfield Inn & SpringHill Suites Dual-Branded Hotel, Las Vegas
Siena Hotel, Reno
 
NEW JERSEY
Sheraton, Eatontown
Rest Inn, Williamstown
 
NEW MEXICO                    
Hampton Inn, Albuquerque
Hawthorn Suites, Albuquerque
Hotel Parq Central, Albuquerque
Proposed Tapestry Hotel, Albuquerque
Wyndham, Albuquerque
Proposed Home2 Suites, Farmington
Hotel Encanto de Las Cruces, Las Cruces
Bishops Lodge Ranch Resort & Spa, Santa Fe
Hotel St. Francis, Santa Fe
 
NEW YORK
Rodeway Inn, Ithaca
Hotel Indigo Flushing, Queens
Fairfield Inn, Spring Valley
Proposed Hilton Garden Inn, Williamsville
 
NORTH DAKOTA
Grand Williston Hotel & Conference Center, Williston
 
OHIO                    
Comfort Inn, Austintown
Sheraton, Independence
The Elms Holiday Inn, Oxford
 
OREGON
Cannery Pier Hotel & Spa, Astoria
Holiday Inn Express & Suites Astoria, Astoria
Proposed Hotel, Astoria
DoubleTree, Beaverton
Proposed AC by Marriott, Beaverton
Proposed Hotel at the Round, Beaverton
Proposed Limited-Service Hotel, Beaverton
Hampton Inn & Suites, Bend
Hilton Garden Inn, Bend
Proposed Autograph Collection Hotel, Bend
Proposed Embassy Suites, Bend
Proposed Extended-Stay St. Charles Medical Center Hotel, Bend
Proposed Home2 Suites, Bend
Proposed Hotel, Bend
Proposed Hyatt House Bend, Bend
Proposed Limited-Service Hotel, Bend
Proposed Boardman MyPlace, Boardman
Proposed Limited-Service Hotel, Boardman
Inn at Haystack Rock, Cannon Beach
Proposed Cave Junction Hotel, Cave Junction
Holiday Inn Express, Corvallis
Proposed OSU Campus Hotel, Corvallis
Dundee A Trace Hotel, Dundee
Proposed Eagle Point Chalet, Eagle Point
Proposed Eugene Boutique Hotel, Eugene
Proposed EVEN Hotels, Eugene
Valley River Inn, Eugene
Proposed Eagle Landing Hotel, Happy Valley
Comfort Inn Hillsboro, Hillsboro
Courtyard Portland Hillsboro, Hillsboro
Proposed Full-Service Orenco Station, Hillsboro
Proposed Hillsboro Hotel, Hillsboro
Proposed Home2 Suites by Hilton, Hillsboro
Proposed Residence Inn by Marriott, Hillsboro
Proposed Staybridge Suites, Hillsboro
Residence Inn by Marriott Portland West Hillsboro, Hillsboro
Staybridge Suites Hillsboro North, Hillsboro
Staybridge Suites Hillsboro Orenco Station, Hillsboro
TownePlace Suites Portland Hillsboro, Hillsboro
Columbia Gorge Hotel, Hood River
Independence, A Trace Hotel, Independence
Best Western Olympic Inn, Klamath Falls
Fairfield by Marriott Klamath Falls, Klamath Falls
Motel 6, Klamath Falls
Best Western Plus Rama Inn & Suites, LaGrande
Hilton Garden Inn, Lake Oswego
Proposed Lake Oswego Boutique Hotel, Lake Oswego
Proposed Lona Hotel, Lake Oswego
Boutique Retreat, McMinnville
Proposed Downtown McMinnville Hotel, McMinnville
Hampton Inn, Medford
Proposed Fairfield Inn & Suites by Marriott, Medford
Proposed Hilton Garden Inn, Medford
Proposed Medford Hotel, Medford
Best Western Agate Beach Inn, Newport
Whaler Motel, Newport
Proposed Kiwanda Lodge & Spa, Pacific City
Aloft Portland Airport at Cascade Station, Portland
Canopy by Hilton Portland Pearl District, Portland
Cascada PDX, Portland
Country Inn & Suites PDX, Portland
Courtyard by Marriott Portland Downtown/Convention Center, Portland
DoubleTree Lloyd Center, Portland
Duniway Portland, a Hilton Hotel, Portland
Hilton Portland Downtown, Portland
Homewood Suites by Hilton Portland Airport, Portland
Hotel Eastlund, Portland
Hotel Lucia, Portland
Hotel Vance Portland a Tribute Portfolio Hotel, Portland
Hyatt House Portland Downtown, Portland
Proposed AC Hotel Cascade Station, Portland
Proposed Burnside Hotel, Portland
Proposed Canopy by Hilton Portland Pearl District, Portland
Proposed Cornelius & Woodlark, Portland
Proposed EVEN Hotel Cedar Hills, Portland
Proposed Hilton Garden Inn, Portland
Proposed Hilton-Branded Hotel, Portland
Proposed Hotel Chamberlain, Portland
Proposed Hotel Cornelius, Portland
Proposed Hyatt Place, Portland
Proposed Mall 205 Hotel Portland
Proposed Multnomah County Courthouse Hotel, Portland
Proposed OHSU Extended-Stay Hotel, Portland
Proposed Proper Hotel Pearl District Portland, Portland
Proposed Ritz Carlton & Branded Residences, Portland
Proposed Riverside Center Hotel, Portland
Proposed St. Johns Hotel, Portland
Proposed Woodlark Hotel Portland, Portland
River’s Edge Hotel & Spa, Portland
Staybridge Suites PDX, Portland
Westin, Portland
Woodlark, Portland
Comfort Suites, Redmond
Proposed Hampton Inn Redmond, Redmond
Proposed Holiday Inn Express Redmond, Redmond
Proposed WoodSpring Suites, Redmond
Proposed Holman Inn, Salem
Proposed Salem Hotel, Salem
Residence Inn by Marriott, Salem
Comfort Inn & Suites Seaside Convention Center Boardwalk, Seaside
Proposed Gilbert Block Hotel, Seaside
Hilton Garden Inn, Springfield
DoubleTree, Tigard
Embassy Suites, Tigard
Motel 6 Portland Tigard West, Tigard
Proposed IHG Hotel, Tigard
Proposed Hotel Washington Square Mall, Tigard
Washington Square Hotel, Tigard
The Resort at the Mountain, Welches
 
PENNSYLVANIA               
Courtyard by Marriott, Altoona
Fairfield Inn by Marriott, Butler
SpringHill Suites by Marriott, Washington
 
PUERTO RICO
Waldorf Astoria El Conquistador Resort, Fajardo
El Conquistador, Las Croabas
El San Juan Hotel & Casino, San Juan
Hilton Condado Plaza Hotel & Casino, San Juan
 
TENNESSEE                       
Clarion Airport Graceland, Memphis
Residence Inn, Nashville
 
TEXAS
Holiday Inn Express, Cedar Hill
Proposed Hotel Developments, DFW Airport
DoubleTree by Hilton, El Paso
La Quinta Inn El Paso Cielo Vista, El Paso
La Quinta, Granbury
Courtyard by Marriott Medical Center, Houston
La Quinta Inn & Suites, Katy
 
UTAH
Proposed Eagle Mountain City Hotel, Eagle Mountain
Proposed Hyatt Place, Kanab
Proposed La Quinta, La Verkin
Best Western Plus Midvale, Midvale
Proposed Microtel, Naples
TownePlace Suites, Orem
Hampton Inn & Suites Park City, Park City
Proposed Upscale Hotel, Park City
Best Western, Richfield
Super 8, Richfield
Hilton Garden Inn, Saint George
Rodeway Inn, Salina
Comfort Inn & Suites Salt Lake City Airport, Salt Lake City
Hilton Garden Inn Downtown, Salt Lake City
Peery Hotel, Salt Lake City
Proposed Homewood Suites by Hilton, Salt Lake City
Tru by Hilton Salt Lake City Airport, Salt Lake City
Proposed Sandy Radisson Blu, Sandy
Home2 Suites by Hilton Salt Lake City, South Jordan
 
VERMONT
Town & Country Stowe, Stowe
 
VIRGINIA                            
Hampton Inn Petersburg Southpark Mall, Colonial Heights
Holiday Inn Petersburg North Fort Lee, Colonial Heights
DoubleTree Airport, Richmond
Courtyard by Marriott, Vienna
 
WASHINGTON
Proposed Boutique Hotel Allyn, Allyn
Wyndham Garden Arlington Marysville, Arlington
Embassy Suites, Bellevue
Fairfield Inn, Bellevue
InterContinental Bellevue at the Avenue, Bellevue
Proposed AC Hotel, Bellevue
Proposed Marriott, Bellevue
Proposed InterContinental at the Avenue, Bellevue
Proposed Upscale Hotel, Bellevue
Residence Inn, Bellevue
Proposed Boardmill Building, Bellingham
SpringHill Suites Bellingham, Bellingham
Westin, Bellevue
Proposed Limited-Service Hotel, Blaine
Proposed SpringHill Suites and TownePlace Suites, Bothell
Residence Inn, Bothell
SpringHill Suites, Bothell
Holiday Inn Express & Suites Camas Vancouver, Camas
Proposed Holiday Inn Express, Camas
Proposed Candlewood Suites, Camas
Proposed Holiday Inn Express, Camas
Proposed Parker's Landing Hotel, Camas
Proposed Des Moines Marina Hotel, Des Moines
Hampton Inn & Suites, DuPont
Proposed Limited-Service Hotel, DuPont
Proposed Fairfield Inn & Suites by Marriott, East Wenatchee
Proposed Home2 Suites Ellensburg, Ellensburg
Proposed Everett Hotel, Everett
Proposed Hotel at SIC Everett, Everett
Proposed Hotel Silver Lake, Everett
Proposed Holiday Inn Express, Federal Way
Proposed Hotel, Federal Way
Lodge at St Edward State Park, Kenmore
Proposed Dual-Brand Hotel Three Rivers Convention Center, Kennewick
Proposed Limited-Service Hotel, Kennewick
Value Inn, Kent
Proposed La Center Hotel, La Center
Proposed La Quinta Inn & Suites Leavenworth, Leavenworth
Embassy Suites, Lynnwood
Proposed Hilton Garden Inn, Lynnwood
Residence Inn, Lynnwood
Proposed Home2 Suites, Marysville
Proposed Lodges at the Farm, Mill Creek
Ocean Crest Resort, Moclips
Proposed Fairfield Inn & Suites, Moses Lake
Shilo Inn, Moses Lake
Proposed Olympia Hotel, Olympia
Belmont Hotel, Port Townsend
Proposed Hastings Landing Hotel, Port Townsend
Proposed Limited-Service Prosser Hotel, Prosser
Proposed Hilton Garden Inn, Redmond
Hilton Garden Inn Seattle Renton, Renton
Hyatt Regency Lake Washington at Seattle’s Southport, Renton
Proposed Lodge at Columbia Point, Richland
Red Lion Hotel Richland Hanford House, Richland
Proposed Extended-Stay Hotel, Ridgefield
Proposed La Center Hotel, Ridgefield
Proposed Seabrook Hotel, Seabrook
Cedarbrook Lodge & Conference Center, SeaTac
Proposed Wingate Hotel, SeaTac
Astra Hotel, Seattle, a Tribute Portfolio Hotel, Seattle
DoubleTree Airport, Seattle
DoubleTree Arctic Club Hotel, Seattle
Hilton Airport, Seattle
Hilton Downtown, Seattle
Hilton Seattle, Seattle
Homewood Suites by Hilton, Seattle
Hotel Theodore, Seattle
Mayflower Park Hotel, Seattle
Proposed 405-Room Upper-Upscale/Luxury Hotel Seattle, Seattle
Proposed AC by Marriott, Seattle
Proposed Andaz Hotel Seattle, Seattle
Proposed Autograph, Seattle
Proposed Curio Hotel, Seattle
Proposed Full-Service Hotel, Seattle
Proposed Hotel, Seattle
Proposed JM Hotel, Seattle
Proposed Metropole Hotel, Seattle
Proposed Residence Inn, Seattle
Proposed Stanford Hotel, Seattle
Proposed Tempo by Hilton Seattle, Seattle
Residence Inn by Marriott, Seattle
Little Creek Casino Resort, Shelton
Proposed Hotel, Shelton
Proposed Limited Service Hotel, Silverdale
Fairfield Inn by Marriott, Spokane
Quality Inn Spokane Valley (Conversion to Fairfield Inn), Spokane
Hampton Inn & Suites, Spokane Valley
Proposed Homewood Suites Spokane, Spokane Valley
Proposed Tru by Hilton Spokane, Spokane Valley
Proposed Stanwood Hotel, Stanwood
Proposed Candlewood Suites, Sumner
Proposed Hotel, Tacoma
Proposed Marriott Hotel Tacoma Convention Center, Tacoma
Courtyard by Marriott Seattle South Center, Tukwila
Home2 Suites by Hilton Seattle Airport, Tukwila
Proposed Full-Service Hotel, Tukwila
Proposed Home2 Suites, Tukwila
Residence Inn, Tukwila
Proposed Southend Hotel, Tukwila
Candlewood Suites Vancouver-Camas, Vancouver
Homewood Suites by Hilton, Vancouver
Hotel Indigo, Vancouver
La Quinta Inn & Suites Vancouver, Vancouver
Proposed AC Hotel by Marriott Vancouver Waterfront, Vancouver
Proposed Hampton Inn, Vancouver
Proposed Indigo Hotel and Condominium Development, Vancouver
Proposed Hotel Vancouver, Vancouver
Proposed Tru by Hilton Vancouver North, Vancouver
Residence Inn by Marriott Portland Vancouver, Vancouver
Eritage Resort, Walla Walla
Proposed Penrose Hotel, Walla Walla
Proposed Walla Walla WA Hotel, Walla Walla
SpringHill Suites, Wenatchee
Proposed Home2 Suites by Hilton, Yakima
Proposed My Place Hotel, Yakima
 
WISCONSIN       
Courtyard by Marriott, Brown Deer
Residence Inn, Glendale
Clearwaters Convention Center Hotel, Marshfield
Holiday Inn Express, Milwaukee
Four Seasons Island Resort, Pembine
Proposed Hotel, Verona
 
WYOMING
Rustic Inn, Jackson
Best Western The Lodge at Jackson Hole, Jackson Hole
Paintbrush Motel, Riverton

My Articles

How the Right Asset Management Firm Helps Optimize Hotel Investments

Partnering with an asset management firm can help maximize investor returns and property values. Asset management is particularly important in the current environment where macroeconomic conditions are in constant flux, geopolitical issues continue to intensify, and domestic monetary policy has considerable implications. The following article outlines how the right hotel asset management firm will help optimize the return on your hotel investment.

• June 26, 2024 By Kasia M. Russell, MAI

• Hotel Investments & Ownership , Asset Management , Hotel Franchises , Hotel Management , Management Contracts , United States , North America

The Benefits of a Small Hotel Management Company

The benefits of a large hotel management company may seem obvious. However, when choosing a management company for your hotel, consider looking beyond the obvious and evaluating whether a more personalized and strategic approach is appropriate for your hotel investment goals. This article outlines the benefits of selecting a small hotel management company for the day-to-day operation of your hotel.

• March 12, 2024 By Kasia M. Russell, MAI

• Hotel Investments & Ownership , Hotel Operations , Asset Management , Hotel Management , North America , United States

Anchorage Lodging Market: Winter 2021 Update

Declining oil and gas prices since 2014 have largely resulted in an economic retrogression in Alaska. Aside from the oil and gas industry, the tourism industry is one of the largest private-sector groups of employers in the state and accounts for one of every eight jobs. Therefore, the impact of the COVID-19 pandemic has been detrimental to the local economy. While the widespread availability of a vaccine has ignited hope, tourism recovery faces some obstacles in 2021.

• February 23, 2021 By Kasia M. Russell, MAI

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

HVS Market Pulse Update - Pacific Northwest

Rod Clough, President – Americas, interviewed Kasia Russell, Managing Director and Senior Partner overseeing the U.S. Pacific Northwest region, on February 3, 2021, to discuss the current market dynamics and the outlook for recovery.

• February 8, 2021 By Kasia M. Russell, MAI , Rod Clough, MAI

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , COVID-19 , Seattle , Washington , United States , North America , Portland , Oregon

HVS U.S. Hotel Franchise Fee Guide 2020

The HVS U.S. Hotel Franchise Fee Guide provides a comparative review of hotel franchises based on their applicable franchise fees. Hotels are complicated investments. Selecting an appropriate franchise affiliation for a property entails exhaustive research and investigation by an investor.

• January 12, 2021 By Kasia M. Russell, MAI , Bomie Kim

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , Hotel Franchises , United States , North America

AAHOA 2019 State of the Hotel Industry

Celebrating its 30th anniversary, the Asian American Hotel Owners Association (AAHOA) convention welcomed nearly 9,000 attendees in its most widely attended event in history. Reportedly, one out of every two hotels in the United States is owned by members of this important association.

• May 16, 2019 By Kasia M. Russell, MAI

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

HVS U.S. Hotel Franchise Fee Guide 2018

The HVS U.S. Hotel Franchise Fee Guide provides a comparative review of various hotel franchises based on their applicable franchise fees.

• November 20, 2018 By Kasia M. Russell, MAI

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , Hotel Franchises , United States , North America

HVS U.S. Hotel Franchise Fee Guide 2016/17

The HVS U.S. Hotel Franchise Fee Guide provides a comparative review of various hotel franchises based on their applicable franchise fees.

• September 11, 2017 By Kasia M. Russell, MAI , Bomie Kim

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , Hotel Franchises , North America , United States

HVS Perspectives: Center Stage at ALIS

For 2017, the highest RevPAR growth is anticipated for markets such as Sacramento, Washington D.C., Tucson, Chicago, Salt Lake City, Albuquerque, Houston, and Nashville, per the ALIS presentations.

• February 6, 2017 By Tanya J. Pierson, MAI , Kasia M. Russell, MAI

• Lending , Valuations & Market Studies , Economic Trends and Cycles , North America , United States

HVS U.S. Hotel Franchise Fee Guide 2015/16

The selection of an appropriate franchise affiliation affects a property’s ability to compete in its local market, generate profits, and achieve a desirable image and market orientation.

• July 25, 2016 By Kasia M. Russell, MAI , Bomie Kim

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , Hotel Franchises , United States , North America

Key Takeaways: Hunter Hotel Conference

The Hunter Hotel Conference brought out insights from every corner of the industry, marking potential upsets and opportunities to gain ground for U.S. hoteliers in 2016.

• April 25, 2016 By Kasia M. Russell, MAI , Janet L. Snyder, MAI

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

In Focus: Seattle, WA

Occupancy swung above 75% for Seattle’s hotel industry in 2014, a reflection of the city’s blossoming economy. High demand has also supported strong average rates and rising hotel values.

• December 14, 2015 By Kasia M. Russell, MAI

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