Richard J. Katzman

Consulting Experience

Richard is HVS’s Senior Managing Partner for the Latin American Region. HVS is a global leader in providing consulting services to hotel developers and investors, hotel chains, lenders, and other participants in the hotel and tourism industry. The division under Richard’s direction is involved in the preparation of market and feasibility studies and appraisals for hotels across Mexico, Central and South America. The company analyzes varied hotel assets, ranging from economy to luxury in urban and resort settings. HVS is similarly active in the analysis of complex mixed-use and master-planned projects and participates in the formulation of expansion strategies on behalf of investors and operators.
 
Considering his broad experience in the real estate capital markets and across asset types, Richard and the LATAM team can add value in a variety of ways, as investors, developers and others pursue complex projects across emerging economies in the region. In addition, Richard is responsible for the expansion of HVS’s platform in the region, including Transaction Services and Asset Management. He also launched Mexico’s leading hotel investment conference, HVS MexHIC, which has brought together industry professionals annually for over a decade.
 
Richard has been involved in hotel and real estate advisory services in Mexico and other Latin American countries since 1992. He founded Grupo Inmobiliario Inova, a real estate advisory boutique sold in 2001 to Insignia/ESG, which later merged with CB Richard Ellis. At that time, Richard joined HVS to create a leading hotel advisory platform in the Latin American region.
 
Like many others at HVS, Richard enjoys and is committed to training associates from varied backgrounds so that they may expand their perspectives and pursue growth opportunities.
 
Richard’s prior professional experience includes positions with Laventhol & Horwath (now Horwath HTL) where he performed hotel feasibility analyses for projects in the United States, Latin America, and the Caribbean, and Fischer-Macleod Associates, a New York-based developer of regional shopping centers. Richard later joined The Yarmouth Group (later part of Morgan Stanley), where he executed acquisitions of office buildings, regional shopping centers, and hotels and managed real estate portfolios on behalf of U.S. and Japanese institutional clients. In addition, he participated in establishing the company’s presence in Europe, opening an office in Paris and overseeing investment and asset management assignments in Germany, Spain, and the U.K.
 
Richard was born and raised in Mexico City. He completed his undergraduate studies at Cornell University’s School of Hotel Administration and earned his MBA from The Wharton School. He is fluent in English, Spanish, French, and Portuguese. Richard has served on the Board of Trustees of The American School Foundation, A.C.

Connect with Richard on LinkedIn.

Employment History

2007 – Present
HVS Consulting and Valuation Services
Senior Managing Partner
LATAM Region

2003 – 2007
Asesoría y Desarrollo Internacional, S.C.
Principal
Mexico City, Mexico

2001 – 2003
Insignia/ESG (formerly Grupo Inmobiliario Inova)
Director
Mexico City, Mexico

1992 – 2001
Grupo Inmobiliario Inova, S.A. de C.V.
Principal
Mexico City, Mexico

1987 – 1992
The Yarmouth Group
Senior Vice President
New York City and Paris

Education

CORNELL UNIVERSITY
Bachelor of Science – Hotel Administration

THE WHARTON SCHOOL OF THE UNIVERSITY OF PENNSYLVANIA
Master of Business Administration

Clients

20/20 Resorts Inc.
Aareal Bank
Accor Hoteleria Mexico
Administradora de Conjuntos Hoteleros, S.A. de C.V.
Alfess Hoteles Urbanos de Lujo S. de R.L. de C.V.
Arturo C. Garcia Rosa
Balam Investments
Bank of America, SA
Barclays
C&C Capital
Caixanova Miami Agency
Canyon Equity LLC
Caribe Hospitality
Casuve, S.A. de C.V.
CMK BWI, Ltd.
Constructora AGRI, S.A. de C.V.
Controladora de Negocios, S.A. de C.V.
Desarrollos Delta
East Bay Associates
Gatehouse Capital
Gazit Consultants
GICSA
González Soto y Asociados, S.A. de C.V.
Goodman Real Estate, Inc.
Grupo Agrisal
Grupo Carrousel
Grupo ICA
Grupo Posadas
Grupo Summa
Hermes Corporativo, S.A. de C.V.
Hodges Ward Elliott
Hoteles Marriott
Hypo Real Estate
InterIsland
Inmobiliaria Comercial de Puebla
Inmobiliaria Grupo Layón, S.A. de C.V.
Inmobiliara Hispitalidad San Rafael
ISA Corporativo
La Teja Campesina
Leisure Partners
Mayazama, S.A. de C.V.
Meridia Capital
Naranza Capital Partners
Nauvoo Investments
O&A Real Estate Development Partners, S. de R.L. de C.V.
Orb
OUEST Developments
Promontora Artex, S.A. de C.V.
Promotora Maroma 2005, S.A. C.V.
Puerto Progreso-Telchac
Rio y Montaña
SDS Investments
Secretaria de Turismo de Sinaloa
Servicios Aeroportuarios del Centro Norte, SA de CV
SouthStar Development Partners
Strategic Capital Solutions
Sub Contract N.Y.
Textron Financial
Trinity Investments
Trisula Group
Walstone Leisure Realty Group
Waldemar Franco
Westmont Hospitality Group
Z-Resorts

Hotels Appraised

ARGENTINA
Hilton Asuncion Project


CALIFORNIA
Proposed Hotel, Spa, and Residential, Byron Springs


BELIZE
Belam Escape Master-Planned Development


COSTA RICA
Proposed Mixed-Use Development, Escazu
Proposed Hotel, Pangola
Proposed Hotel and Mixed-Use Development, San Jose


MEXICO
Proposed Hotel, Acapulco
Akumal Beach Resort, Akumal
Akumal Land Holdings, Akumal
Cabo de Cortes Fairmount/Raffles Development, Cabo san Lucas
All-Inclusive Conversion, Cancun
Fiesta Americana Condesa Cancun, Cancun
Hyatt Regency, Cancun
Proposed Hotel, Ciudad Juárez
Proposed Quinta Real Hotel, Ciudad Juárez
Residential Project, Ciudad Juárez
All-Inclusive Conversion, Cozumel
Proposed Hotel & Residential, Cozumel
Proposed Isla de la Pasión Hotel and Residential Project, Cozumel
Proposed Quinta Real Hotel Development, Culiacán
Proposed Riverwalk Hotel, Escazu
Hacienda La Gavia Development, Estado de Mexico
Hotel Vi, Guadalajara
Proposed Fiesta Inn del Tapatio, Guadalajara
Proposed Mixed-Use Development, Guadalajara
Capella Ixtapa Resort & Spa, Ixtapa
Proposed Hotel & Residential, Ixtapa
Proposed Hotel & Residential Development, Ixtapan de la Sal
Hotel Condesa, Leon
Proposed Luxury Resort, Loreto
Proposed Hotel and Residential, Los Cabos
Proposed Luxury Resort, Los Cabos
Hotel Mision Merida, Merida
Proposed Hotel, Merida
Four Seasons Hotel, Mexico City
Proposed Hotel Project (2), Mexico City
Proposed Limited-Service Hotel, Mexico City
Proposed Urban Master-Planned Project, Mexico City
Sofitel, Mexico City
Proposed Hotel & Condo, Monterrey
Proposed Hotel Project, Monterrey
Proposed Santa Lucia Hotel, Monterrey
Proposed Hotel, Playa del Carmen
Proposed Hotel ZaZa, Playa del Carmen
Proposed Limited-Service Hotel, Playa del Carmen
Proposed Resort, Playa del Carmen
Proposed Hotel Project, Playa Mujeres
Proposed Hampton Inn & Suites, Puebla
Proposed Luxury Resort, Puerto Los Cabos
Proposed Hotel & Condo, Puerto Pensaco
Proposed Puerto Telchac Hotel & Residential Project, Puerto Progreso
Proposed Punta Monterrey Resort, Punta Monterrey
Capella Bahia Maroma Hotel, Riviera Maya
Mandarin Oriental, Riviera Maya
Proposed Grand Hyatt, Riviera Maya
El Dorado Ranch, San Felipe
Proposed Hotel, San Miguel de Allende
Proposed Hotel & Residential, San Miguel de Allende
Proposed Quinta Real Hotel & Residential, San Miguel de Allende
Proposed Hotel Project, Silao
Proposed Hotel, Tijuana
The Residences Mixed-Use Project, Tijuana
Mayazama Master-Planned Development, Tulum
Rodavento Hotel, Valle de Bravo
Proposed Hotel & Residential, Zihuatanejo
Proposed Sotavento Condominium Hotel and Residential, Zihuatanejo


PANAMA
Proposed Holiday Inn Express, Panama City


TURKS AND CAICOS ISLANDS
Proposed Hotel & Resort

Press Coverage

Hoteliers: Few closures after earthquakes in Mexico, 2017

My Articles

The Big Interview: Richard Katzman and Fernanda L’Hopital, HVS

As the South American hotel industry is recovering after the pandemic hit the continent hard, Richard Katzman (Managing Director, HVS Mexico City) and Fernanda L'Hopital (Senior Project Manager, HVS Buenos Aires) gave an interview to TOPHOTELNEWS about the current status of development prospects across this continent.

• October 10, 2022 By Richard J. Katzman , Fernanda L'Hopital

• Development & Construction , Economic Trends and Cycles , Resorts , COVID-19 , South America , Brazil , Argentina , Colombia , Chile , Peru , Ecuador

HVS Webinar MexHIC – Perspectivas y Tendencias en la Industria Hotelera

HVS MexHIC, la conferencia líder en materia de inversión hotelera en México ofreció un seminario de Web que se llevó a cabo el 8 de Abril, 2021 de 11:00 am a 1:00 pm, hora de la Ciudad de México. Como muchos de los asistentes habituales lo saben, HVS MexHIC suele llevarse a cabo en este periodo del año.

• April 16, 2021 By Richard J. Katzman , Lorea Arnoldi

• Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Mexico , North America

Outlook for the Latin American Hotel Industry

The COVID-19 pandemic and resulting restrictions on domestic and international travel, economic activity, and individual movement are having an unprecedented impact on the lodging and tourism industry in Latin America. While government authorities across the region work to manage restrictions and phased reopening plans, uncertainty prevails over the duration of the global pandemic.

• December 14, 2020 By Richard J. Katzman

• Hotel Investments & Ownership , Travel & Tourism , Economic Trends and Cycles , Hotel Brands , COVID-19 , South America , Mexico , North America , Panama , Belize , Guatemala , Costa Rica , El Salvador , Chile , Colombia , Peru , Brazil , Ecuador , Argentina

El Nuevo Turismo Mundial - ¿Cuáles son los impulsores que darán forma al nuevo turismo mundial?

Richard Katzman, Managing Director of HVS Mexico City, oversees the company’s consulting practice throughout Latin America. In this webinar, organized by Mexico’s leading real estate industry magazine and media platform, Inmobiliare, Richard and four fellow panelists discuss an anticipated path to recovery for the hotel and travel industry.

• June 18, 2020 By Richard J. Katzman

• Hotel Operations , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Mexico , North America

HVS Report: Foreign Direct Investment, Commercial Real Estate, and Hotel Development in Mexico City

Mexico City is one of the most densely populated and developed urban areas in the world. How will rising foreign direct investment amplify the dynamics of the city’s office and lodging markets in the wake of the recent recession?

• February 23, 2011 By Luigi Major, MAI , Raul Duarte , Richard J. Katzman

• Valuations & Market Studies , Economic Trends and Cycles , North America , Mexico