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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The Best Way to Learn How to Use Hotel Market Analysis and Valuation Software

Unless you are an experienced hotel consultant familiar with the process of performing hotel market studies and valuations it may be a steep learning curve to fully understand how to properly use this software. The best way to learn the software is by having Steve Rushmore, the software’s developer teach you everything you need to know. Through his two online courses- “How to Value a Hotel” and "How to Perform a Hotel Market Analysis, Make Financial Projections and Value a Hotel Using Hotel Market Analysis and Valuation Software" Steve will take you step-by-step through the entire process- even if you have no hotel consulting/valuing experience.

Steve’s online course containing 75 lessons consists of video lectures, readings, hands-on software case studies, quizzes, and a final project valuing an actual hotel. It should take about 20-35 hours to complete the course. You can start anytime and proceed at your own pace. By the end of the course, you will have all the tools and knowledge to perform your own hotel market analysis and valuation plus many other applications.

Steve Rushmore will be available throughout the course via Zoom to answer your questions and provide support.

After successfully completing Steve’s course you will receive the Certified Hotel Appraiser/Valuer (CHA or CHV) certification- the world’s only valuation certification recognizing your hotel valuation skills. Adding the CHA or CHV certification to your resume and LinkedIn profile will certainly set you apart from other appraisers and hotel professionals.

The cost for the "How to Value a Hotel" course is $895 which includes the following:

Access to the course
Unlimited downloads of the software, articles, and publications
One-on-one Zoom calls with Steve Rushmore
Upon completion of the course and a passing grade on the final project, you will receive the certification certificate (via e-mail) suitable for framing
With your permission copies of your certificate will be e-mailed to prospective employers and anyone else you designate.
Your name will appear in the Directory of CHA and CHV members located at www.certifiedhotelappraiser.org or www.certifiedhotelvaluer.org
Free software upgrades of Version 6.0

To Register for Steve's "How to Value a Hotel" course Click Here

For More Information on Steve Rushmore's Online Courses Click Here