Hotel Investment Library- Expand Your Hotel Knowledge


Books, Articles and Research on Hotel Investing


The Hotel Investment Library is a collection of timeless books and articles written by Steve Rushmore and his Associates over the past 50 years.

Steve Rushmore, Founder of HVS, pioneered the concept that hotel investing requires in depth knowledge of both hotel operations and real estate. He then literally "wrote the book" on this concept showing the world how to evaluate hotel investments through his eight textbooks, 350+ articles, software and numerous speeches and seminars. 

You can now download some of his best books and articles written over the years. Also included are other noted publications written by his associates at HVS.

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Hotel Investment Library- Index of Publications


Hotel Ownership and Investing

Hotel investors are looking to maximize revenue and minimize expenses in order to create bottom line profit and enhance the value of their hotels.  These books and articles focus on a wide range of hotel ownership issues related to their investments

Hotel Appraisals and Feasibility Studies

Hotel appraisals and feasibility studies requires knowledge of the local market, financial projections and various valuation procedures.  Because hotels are both going businesses and real estate investments developing an accurate estimate of value is a complex task.  These books and articles provide all the information needed to produce hotel appraisals and feasibility studies.

Hotel Management Contracts and Franchises

If you contemplate entering into a hotel management contract or franchise you need to know the details of how to select the right operator and brand and what contract provisions are essential to protect your interests.  

Hotel Lending

Hotel lending is a specialized form of investment requiring knowledge of a wide range of factors including- hotel valuations, operator expertise, borrower's financial strength and local market conditions.  In addition, hotel lenders must be prepared to handle distressed situations when their loans do not perform.  These books an articles help hotel owners and lenders evaluate all the factors required to make good lending decisions.  

Sample Hotel Appraisals and Feasibility Studies

Here is a chance to see examples of actual hotel market studies and appraisals. These 200+ page studies show all the complex analyses and calculations needed to develop an estimate of value and feasibility.

Hotel Property Taxes

One of the biggest costs of owning a hotel are property taxes.  The procedures for developing a property tax assessment vary widely so it is essential hotel owners fully understand the correct methodology for valuing a hotel for assessment purposes.  

Restaurant Valuations

Very little has been written about how to value a restaurant.  These articles provide a step-by-step procedure for developing a restaurant appraisal.  

Hotel Research Publications

HVS conducts research on a wide-variety of topics oriented towards hotel owners, operators and lenders.  Everyone in the hotel industry should stay up-to-date with the latest trends and opportunities.  Some of the research publications include:  

  • HVS Guide to Hotel Management Contracts
  • HVS Hotel Franchise Fee Guide
  • HVS Hotel Brokerage Study 

Hotel Investment Textbooks

Steve Rushmore has authored a number of textbooks on hotel investing and valuation.  These have become the information bible for many hotel owners, lenders and investors.

Texts available for download include:

  • Hotel Investments- A Guide for Lenders and Owners
  • Hotel Investment Handbook- 2000
  • The Valuation of Restaurants

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