Software Authors

Two noted hotel real estate experts developed this state-of-the art hotel analysis software

Steve Rushmore


Steve Rushmore, MAI, CHA is the Founder of HVS, a global hospitality consulting organization with 35 offices around the globe. He focuses on HVS’s future office expansion and new product development. Steve has provided consultation services for more than 15,000 hotels throughout the world during his 40-year career and specializes in complex issues involving hotel feasibility, valuation and financing. He was one of the creators of the Microtel concept and was instrumental in its IPO. Steve is a partner in HEI Hospitality, LLC, a hotel investment fund.

As a leading authority and prolific author on the topic of hotel feasibility studies and appraisals, Steve Rushmore has written all five textbooks and two seminars for the Appraisal Institute covering this subject. He has also authored three reference books on hotel investing and has published more than 300 articles. Steve developed Hotel Valuation Software which is used by HVS and thousands of hotel consultants, owners and lenders throughout the world. Steve lectures extensively on hotel trends and has taught hundreds of classes and seminars to more than 20,000 industry professionals. He is also a frequent lecturer at major hotel schools and Universities around the world including Cornell, Glion, Hong Kong Polytechnic, Lausanne, IMHI, Michigan State, Houston, NYU and the Harvard Business School.

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Jan A. d'Roos


Jan A. deRoos, Ph.D. is the HVS Professor of Hotel Finance and Real Estate at the School of Hotel Administration at the Cornell SC Johnson College of Business. He has dedicated his career to creating and sharing knowledge in the area of hospitality real estate. Areas of teaching expertise include hospitality real estate finance, lodging property valuation, hotel management contracts, hotel development and construction, and the timeshare/vacation ownership industry. A frequent speaker on these topics, Dr. deRoos contributed to lodging industry conferences worldwide and frequently conducts seminars for senior executives at such companies as Four Seasons Hotels and Resorts, Hilton Hotels and Resorts, and Jumeirah Group.

He was one of the principal researchers on the Lodging Property Index, a quarterly report on total returns to lodging property, now part of the NCREIF Indexes. He has authored numerous publications on the topic of lodging valuation, lodging investment analysis, and the seminal text on hotel management agreements, “The Negotiation and Administration of Hotel Management Contracts”, 5th edition in 2018.

He created the acclaimed on-line certificate in Hotel Real Estate Investments and Asset Management that focuses on developing a comprehensive knowledge base and tool set that enables learners to fully understand the complex dynamics surrounding the hotel real estate and management contracts from the point of view of the property owner, operator, and lender. 

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