Education

B.S. – School of Hotel Administration, Cornell University

M.B.A. Graduate School of Business Administration (Finance), University of Buffalo

O.P.M. – Harvard Business School

Expertise & Research Interests

• Hotel Market Studies

• Hotel Valuations

Career Highlights

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 Chairman of the International Advisory Board at Hong Kong Polytechnic University, a member of the International Advisory Board at EHL Hospitality Business School, and a former Trustee at the Culinary Institute of America. 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.

Steve has a B.S. degree from the Cornell Hotel School, an M.B.A. from the University of Buffalo, and attended the O.P.M. program at the Harvard Business School. He held the 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 holds a commercial pilot’s license with instrument, multi-engine, and seaplane ratings.