HVS Global Hospitality Services
| Company type | Private |
|---|---|
| Industry | Hospitality consulting |
| Founded | January 1, 1980 in Garden City, New York, United States |
| Founder | Steve Rushmore |
| Headquarters | Garden City , United States |
Area served | Worldwide (North America, Europe, Asia, Africa, Middle East) |
Key people | Stephen Rushmore Jr. (CEO and President) |
Number of employees | Not specified |
| Website | hvs |
HVS is a global consulting enterprise dedicated to the hospitality sector, with 47 offices spanning North America, Europe, Asia, Africa, and the Middle East as of 2020. The company advises on a wide array of hospitality properties including hotels, restaurants, casinos, shared-ownership accommodations, mixed-use projects, golf facilities, and spa and wellness establishments. Its portfolio of services includes market analysis and feasibility assessments, property valuations, executive search, brokerage services, hotel and asset management, operational consulting, litigation assistance, receivership management, interior design consultation, tax guidance, and brand evaluation.
As a privately owned firm, HVS completes more than 4,500 projects each year for hotel proprietors, operators, financial institutions, government agencies, and other organizations around the world.
History
HVS was established in 1980 by Steve Rushmore in Garden City, New York, originally named Hospitality Valuation Services. Rushmore graduated from Cornell University’s School of Hotel Administration and previously led the hospitality consulting division at Helmsley-Spear. Recognizing a need for specialized valuation services that combined real estate knowledge with hotel operations expertise, he pursued this niche. In 1976, he obtained the MAI designation from the Appraisal Institute—a rare achievement among hotel administration graduates at the time.
Building on his expertise, Rushmore authored The Valuation of Hotels and Motels in 1978, which set forth appraisal methodologies that have become industry benchmarks. The most recent edition of this work is Hotel Market Analysis and Valuation: International Issues and Software Applications (2012), co-written with Stephen Rushmore Jr., who serves as HVS’s CEO and President.
Utilizing this distinctive business approach, HVS expanded its footprint internationally—opening a San Francisco office within five years of its inception and subsequently establishing locations in London, Colorado, Florida, ultimately growing to operate in fifty cities across four continents.
Operations
The structure and functioning of HVS resemble those of top-tier consulting firms such as McKinsey & Company, particularly in its recruitment of hospitality graduates from leading universities and its compensation framework. The firm promotes an entrepreneurial culture with rigorous professional development and offers high-performing employees the chance to work across its global offices. A 2010 cover feature in Lodging Hospitality recognized HVS alumni as influential consultants, development leaders, and financial specialists within the worldwide lodging industry.
To complement its valuation and consulting services for hotels, HVS produces an extensive collection of free industry research. Its team members regularly publish articles on current hospitality topics that are widely referenced by trade magazines, online platforms, and newspapers internationally.
Additionally, HVS delivers educational seminars on hotel valuation and hospitality industry trends for groups including the Appraisal Institute. To date, it has trained over 20,000 appraisers and professionals. The firm’s research encompasses hotel valuation trends, transaction data, brokerage activity, compensation structures, lodging taxation policies, franchise fee analysis, development expenses, and renovation costs—offering essential insights for stakeholders throughout the industry.
Research and Conference Sponsorship
Aligned with the academic roots of its founder, HVS actively contributes to hospitality education by sponsoring a professorial chair at the hotel school of Cornell University and providing financial support for the Rushmore–Jennings Computer Library at New York University's Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management. Experts from HVS frequently lead seminars around the globe focused on hotel valuation and feasibility analysis.
Each year, HVS plays a significant part in New York University's International Hospitality Industry Investment Conference by delivering its report on U.S. Hotel Valuation and Transaction Trends. An executive from HVS oversees the coordination of this event, while other senior staff members participate as moderators and presenters.
Moreover, HVS hosts international industry gatherings such as the Mexico Hotel & Tourism Investment Conference (MexHIC) and the Caribbean Hospitality Investment Conference and Operations Summit (CHICOS), thereby strengthening its presence within the hospitality investment sector.
Key Publications
- Rushmore, Stephen, and Stephen Rushmore, Jr (2012). Hotel Market Analysis and Valuation: International Issues and Software Applications, Appraisal Institute. .
- Rushmore, Stephen, and Erich Baum (2001). Hotels and Motels – Valuations and Market Studies, Appraisal Institute. .
- Rushmore, Stephen (1992). Hotels and Motels: A Guide to Market Analysis, Investment Analysis, and Valuations, Appraisal Institute. .
- Rushmore, Stephen (1990). The Computerized Income Approach to Hotel/Motel Market Studies and Valuations, American Institute of Real Estate Appraisers. .
- Rushmore, Stephen (1990). Hotel Investments: A Guide for Owners and Lenders, Warren, Gorham and Lamont, Inc. .
- Rushmore, Stephen (1986). How to Perform an Economic Feasibility Study of a Proposed Hotel/Motel, American Society of Real Estate Counselors.
- Rushmore, Stephen (1983). Hotels, Motels and Restaurants: Valuations and Market Studies, American Institute of Real Estate Appraisers. .
- Rushmore, Stephen (1978). The Valuation of Hotels and Motels, American Institute of Real Estate Appraisers. .
The company’s website features recent articles and presentations authored by HVS leadership.
External links
- Hospitality companies of the United States
- Companies based in Nassau County, New York
- Privately held companies based in New York (state)
- American companies established in 1980
- Consulting firms established in 1980
- Consulting firms of the United States
- 1980 establishments in New York (state)
- Companies of the United States by year of establishment