Stephen Rushmore, Jr., MAI, FRICS

President and CEO, Cape Town

Stephen, President and CEO of HVS, leads the company’s long-term strategy, overseeing the operations of over 50 offices worldwide. Since its founding in 1980, HVS has provided consulting services and solutions to thousands of clients across more than 140 countries, specializing in hotels, restaurants, mixed-use developments, shared ownership, and leisure assets.

Stephen holds several designations, including Member of the Appraisal Institute (MAI), state-certified appraiser and licensed real estate broker in New York, and Fellow of the Royal Institution of Chartered Surveyors (FRICS). He has personally valued and consulted on hundreds of hotels globally and is a frequent lecturer at major hotel schools and professional associations. A proud alumnus of Cornell University’s School of Hotel Administration, Stephen brings deep industry expertise to his work.

Beyond his professional life at HVS, Stephen is an active member of the Young Presidents Organization (YPO). He enjoys golf, hiking, cycling, and, as an instrument-rated pilot, flying small airplanes with his family.

BS – School of Hotel Administration, Cornell University

Other Specialized Training Classes Completed:
Uniform Standards of Professional Appraisal Practice
Basic Appraisal Procedures
Basic Appraisal Principles
General Appraiser Income Approach (Parts I and II)
General Appraiser Market Analysis and HBU
General Appraiser Site Valuation and Cost Approach
General Appraiser Sales Comparison Approach
General Appraiser Report Writing and Case Studies
Statistics, Modeling and Finance
Business Practices and Ethics
Advanced Income
Advanced Concepts and Case Studies
Hotel Valuation and Transaction Trends
Hotel Valuation: Tools & Techniques for RE Professionals
Mortgage Fraud - Protect Yourself
Advanced Hotel Appraising
Basic Hotel Appraising
Witness to Expert Appraiser
Managing Appraiser Liability
The Appraiser as an Expert Witness: Preparation & Testimony
The Fundamentals of Appraising Luxury Homes
NY Fair Housing Class
Green Building Concepts for Appraisers
Residential Construction and the Appraiser
Business Practice
Update Fair Housing
Cost Approach
Basics of Expert Witness
Biennial USPAP Updates

Appraisal Institute – Designated Member (MAI)
Royal Institution of Chartered Surveyors - FRICS

HVS Shares Hotel Valuation Trends and Future of Hotel Deals

Travel Channel's Anthony Melchiorri and hotel industry expert and No Vacancy podcast host Glenn Haussman speak to our President & CEO, Stephen Rushmore, Jr. about some critical hotel investment related topics. Topics include valuation trends, marketplace opportunities, independent vs. branded hotel investments, how banks perceive the hotel business and more.

HVS U.S. Hotel Franchise Fee Guide 2014

This publication provides the most detailed data on the costs of hotel brands in the U.S. This year’s new methodology utilizes real data for each brand to provide insight and analysis on the specific components which make up a franchise and its fees.

HVS Consulting & Valuation

Stephen Rushmore, Jr., MAI, FRICS

President and CEO, Cape Town

Stephen, President and CEO of HVS, leads the company’s long-term strategy, overseeing the operations of over 50 offices worldwide. Since its founding in 1980, HVS has provided consulting services and solutions to thousands of clients across more than 140 countries, specializing in hotels, restaurants, mixed-use developments, shared ownership, and leisure assets.

Stephen holds several designations, including Member of the Appraisal Institute (MAI), state-certified appraiser and licensed real estate broker in New York, and Fellow of the Royal Institution of Chartered Surveyors (FRICS). He has personally valued and consulted on hundreds of hotels globally and is a frequent lecturer at major hotel schools and professional associations. A proud alumnus of Cornell University’s School of Hotel Administration, Stephen brings deep industry expertise to his work.

Beyond his professional life at HVS, Stephen is an active member of the Young Presidents Organization (YPO). He enjoys golf, hiking, cycling, and, as an instrument-rated pilot, flying small airplanes with his family.

BS – School of Hotel Administration, Cornell University

Other Specialized Training Classes Completed:
Uniform Standards of Professional Appraisal Practice
Basic Appraisal Procedures
Basic Appraisal Principles
General Appraiser Income Approach (Parts I and II)
General Appraiser Market Analysis and HBU
General Appraiser Site Valuation and Cost Approach
General Appraiser Sales Comparison Approach
General Appraiser Report Writing and Case Studies
Statistics, Modeling and Finance
Business Practices and Ethics
Advanced Income
Advanced Concepts and Case Studies
Hotel Valuation and Transaction Trends
Hotel Valuation: Tools & Techniques for RE Professionals
Mortgage Fraud - Protect Yourself
Advanced Hotel Appraising
Basic Hotel Appraising
Witness to Expert Appraiser
Managing Appraiser Liability
The Appraiser as an Expert Witness: Preparation & Testimony
The Fundamentals of Appraising Luxury Homes
NY Fair Housing Class
Green Building Concepts for Appraisers
Residential Construction and the Appraiser
Business Practice
Update Fair Housing
Cost Approach
Basics of Expert Witness
Biennial USPAP Updates

Appraisal Institute – Designated Member (MAI)
Royal Institution of Chartered Surveyors - FRICS

HVS Shares Hotel Valuation Trends and Future of Hotel Deals

Travel Channel's Anthony Melchiorri and hotel industry expert and No Vacancy podcast host Glenn Haussman speak to our President & CEO, Stephen Rushmore, Jr. about some critical hotel investment related topics. Topics include valuation trends, marketplace opportunities, independent vs. branded hotel investments, how banks perceive the hotel business and more.

HVS U.S. Hotel Franchise Fee Guide 2014

This publication provides the most detailed data on the costs of hotel brands in the U.S. This year’s new methodology utilizes real data for each brand to provide insight and analysis on the specific components which make up a franchise and its fees.