President & Founder of HVS
|Steve Rushmore is the president and founder of HVS, a global hospitality consulting organization with more than 25 offices around the world. He directs the worldwide operation of this firm and is responsible for future office expansion and new product development. Rushmore 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, valuations and financing. He was one of the creators of the Microtel concept and was instrumental in taking it public. Rushmore is also a partner in HEI Hospitality, LLC, a hotel investment fund, which makes him one of the few hospitality consultants who actually invests in and owns hotels.
HVS, which Rushmore founded in 1980, has provided consulting services for thousands of clients in all 50 states and more than 60 foreign countries. Its professional staff of more than 400 industry specialists offers a wide range of services, including market feasibility studies, valuations, strategic analyses, development planning and litigation support. Through its divisions, HVS supplies unique hotel-consulting expertise in the areas of executive searches, food and beverage operations, gaming, technology, hotel operations, asset management, marketing, interior design, parking, golf and investment counseling. HVS is the industry's primary source of hotel sales information. Its databases contain information on more than 13,000 hotel transactions and thousands of financial statements. HVS is also the most comprehensive source of hotel compensation data.
As a leading authority and prolific author on the topic of hotel feasibility studies and appraisals, 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. He writes a column for Hotels magazine and is widely quoted by major business and professional publications. Rushmore lectures extensively on hotel trends and has taught hundreds of classes and seminars to more than 20,000 industry professionals.
Rushmore earned a bachelor of science degree from the Cornell Hotel School and a master of business administration from the University of Buffalo. He holds MAI and FRICS appraisal designations and is a certified hotel administrator (CHA). He is a member of numerous hotel industry committees, including the Industry Real Estate Financing Advisory Council (IREFAC) and the NYU Hotel Investment Conference. In 1999, Rushmore was recognized by the New York chapter of the Cornell Hotel Society as "Hotelie of the Year." In his free time, he enjoys skiing, diving and sailing. He holds a commercial pilot's license with a multi-engine instrument rating, collects hotel key tags, and is one of the foremost authorities on regional dining—see http://www.roadfood.com/.