Hotel Valuation Software for Consultants, Owners, Lenders, Investors, and Operators to Perform Hotel Appraisals and Market Studies
Hotel Valuation Software for Consultants, Owners, Lenders, Investors, and Operators to Perform Hotel Appraisals and Market Studies
Over the past 50 years, Steve Rushmore has taught hundreds of classes and seminars to more than 20,000 hotel industry professionals. He is also a frequent lecturer at major hotel schools around the world, including EHL, NYU, Michigan State, FIU, Penn State, Cornell, Houston, Glion, Hong Kong Polytech as well as the Harvard Business School.
As a leading authority and prolific author on the topic of hotel market analysis and valuations, Steve has written all six 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 350 articles.
Now, you can now take courses with Steve without leaving your living room. He is developing a whole series of online courses covering topics such as “How to Value a Hotel”, “How to Use Hotel Market Analysis & Valuation Software”, “Negotiating Hotel Management Contracts”, “Hotel Mortgage-Equity Valuation Models”, “How to Buy a Hotel”, “Hotel Economic Cycles”, and many more.
Steve’s most recent contribution to hotel valuation education is his online course- “How to Value a Hotel.” Designed for experienced appraisers looking to specialize in valuing hotels or new valuers starting their careers, the course provides the knowledge and tools needed to evaluate hotel markets, forecast income and expense, and value all types of hotels. For the final project, students value an actual hotel. Upon successfully completing Steve’s course- students receive the Certified Hotel Appraiser (CHA) or Certified Hotel Valuer (CHV) certification recognizing their unique knowledge and skills used to value hotels.
If you are an experienced appraiser looking to specialize in valuing hotels or a new valuer starting your career, you need to obtain a hotel valuation certification. By successfully completing Steve Rushmore’s course and a final project, you will become a Certified Hotel Appraiser (CHA) or a Certified Hotel Valuer (CHV) the world's only hotel valuation certification. (Note: Both certifications are the same. Depending on your local professional terminology, you may want to be certified as an "Appraiser" or "Valuer.")
Adding CHA or CHV certification to your resume and LinkedIn profile will certainly set you apart from all other appraisers/valuers and industry professionals.
Obtaining the Certification requires the demonstration of proficiency in valuing hotels and the use and application of the Hotel Valuation Software during the final project where you value an actual hotel.
After successfully passing the "How to Value a Hotel" course you will receive a certificate suitable for framing (via email). With your permission, we will e-mail pdf copies of your certificate to prospective employers and anyone else you designate acknowledging your Certification. Your name will also appear in a Directory of CHA and CHV members located at www.certifiedhotelappraiser.orgor www.certifiedhotelvaluer.org
Steve Rushmore first developed this software for his firm- HVS. It was then enhanced by Professor Jan deRoos of the Cornell Hotel School. This software has been the most downloaded product on the Cornell website and is used by thousands of hotel professionals around the world. It consists of three models:
This software package also provides answers to a wide range of key hotel investment questions such as How much is my hotel worth? What can I do to maximize value? What is the likely impact of new competition? How much value will a refurbishment add? Is my market strong enough to support adding more hotel rooms? What is the impact of my brand adding another hotel to the market?
If your role includes responsibility for performing hotel valuations and associated financial analyses- you need to include this software in your business toolbox.
The Hotel Investment Library is a collection of timeless books and articles written by Steve Rushmore over the past 50 years.
As the Founder of HVS and creator of the Modern Hotel Valuation Methodology, Steve 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.
To Go to Steve’s Hotel Investment Library Click Here
If you appraise real estate which is normally purchased with a combination of debt and equity capital and you are not inputting the specific terms of the proposed financing- then you are probably not developing an accurate valuation. The Mortgage-Equity Software provides a proof showing the resulting value accurately produces your specified returns for both debt and equity capital.
If you develop a 5 or 10-year projection of Net Income and the lender and equity investors require specific financing terms and assumptions, there is only one value that will produce the desired returns to the debt and equity components. This software model is the only software on the market that will produce the correct value. In addition to estimating value using a specified loan-to-value ratio, the software also estimates value using a debt coverage ratio and a debt yield. Does your DCF model do that?
For the last 30 years, real estate appraisers have been using DCF models that assume an all-cash buyer. We know most real estate in the United States is financed with a certain amount of debt. If this is the case- shouldn’t you be using a mortgage-equity model with specific financing inputs rather than “pulling an overall discount rate out of the air?”
Steve Rushmore, MAI, CHA is the founder of HVS and the creator of the Modern Hotel Valuation Methodology. He has provided consultation services for more than 15,000 hotels during his 50-year career and specializes in complex issues involving hotel valuation, feasibility, and financing.
Steve has taught hundreds of classes and seminars to more than 20,000 hotel industry professionals. He is also a frequent lecturer at major hotel schools around the world, including EHL, NYU, Michigan State, FIU, Penn State, Cornell, Houston, Glion, Hong Kong Polytech as well as the Harvard Business School.
As a leading authority and prolific author on the topic of hotel market analysis and valuations, Steve has written all six 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 350 articles.
Steve’s most recent contribution to hotel valuation education is his online course- “How to Value a Hotel.” Designed for experienced appraisers looking to specialize in valuing hotels or new valuers starting their careers, the course provides the knowledge and tools needed to evaluate hotel markets, forecast income and expense, and value all types of hotels. For the final project, students value an actual hotel. Upon successfully completing Steve’s course- students receive the Certified Hotel Appraiser (CHA) or Certified Hotel Valuer (CHV) certification recognizing their unique knowledge and skills used to value hotels.
In his free time, Steve enjoys tennis, skiing, hiking, diving, sailing, and cooking with his wife (who is a trained Chef). He holds a commercial pilot’s license with instrument, multi-engine, and seaplane ratings.
Contact Steve Rushmore: steve@steverushmore.com
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