Steve Rushmore, MAI, CHA is the Founder of HVS– a global hotel consulting organization with more than 50 offices around the world. He has provided consultation services for more than 15,000 hotels during his 50–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 Market Analysis & 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, EHL, Florida International University, IMHI, Michigan State, Penn State, Houston, NYU and the Harvard Business School.
Steve is currently a trustee at the Culinary Institute of America, Chairman of the International Advisory Board at Hong Kong Polytechnic University and Member of the International Advisory Board at Ecole hôtelière de Lausanne. During his 50–year career Steve has been on the Boards and provided guidance for many hotel schools including– Cornell, Michigan State, Penn State, NYU, University of Houston, Florida International University, and Johnson and Wales.
Recently, Steve has started an online platform to train hotel school students and industry professionals. His first course, “How to Perform a Hotel Market Analysis, Make Financial Projections and Value a Hotel Using Hotel Market Analysis and Valuation Software,” contains over 75 lessons and takes students step–by–step through the process of performing a hotel market study and valuation. Graduates of Steve’s course receive the prestigious Certified Hotel Valuation Software Consultant (CHVSC) certification acknowledging their expertise in the use of these powerful software models.
Steve has a BS degree from the Cornell Hotel School, an MBA from the University of Buffalo and attended the OPM program at the Harvard Business School. He holds MAI and FRICS appraisal
designations and is a CHA (certified hotel administrator). Previously, he was a member of the Counselors of Real Estate (CRE) and the International Society of Hospitality Consultants (ISHC). He is a member of numerous hotel industry boards and committees, including the Industry Real Estate Financing Advisory Council (IREFAC).
In his free time Steve enjoys tennis, skiing, hiking, diving, sailing, and cooking with his wife (who is a trained Chef). He hold a commercial pilots license with instrument, multi–engine, and seaplane ratings.