One-Day Master Class: Learn How To Underwrite A Hotel Development
Thursday 31 October 2024 at 9:30am
Taj Cape Town
During this one-day master class, hosted by Stephen Rushmore Jr, you'll learn how to underwrite a hotel development, utilising the industry benchmarking techniques pioneered by HVS almost 45 years ago.Don’t miss this rare opportunity to learn directly from Stephen Rushmore Jr., MAI, CRE, FRICS, President and CEO of HVS. As the driving force behind the global leader in hotel valuation, feasibility studies, and investment advisory services, Stephen’s insights and expertise have shaped the industry for decades. Joining Stephen is Rishabh Thapar. Rish is a Director at HVS Middle East and Africa, with over 17 years experience in hotel realty, across more than 40 countries and over three continents.
This exclusive one-day master class is your chance to benefit from their unparalleled knowledge and experience.
Why Attend?
Guided by Stephen and supported by Rishabh, you’ll dive deep into the techniques that have defined HVS for almost 45 years.Whether you’re a hotel owner, developer, banker, operator, or appraiser, this seminar will provide you with an understanding of the three state-of-the-art hotel valuation models developed by HVS, which will help you gain crucial skills needed in the competitive world of hotel development including:
- Understanding Market Dynamics: Gain insights into the ever-changing local supply and demand trends.
- Assessing Competitor Strengths: Learn to quantify the competitiveness of nearby hotels.
- Mastering Financial Forecasting: Predict occupancy, room rates, and RevPAR with the precision and expertise that Stephen brings.
- Developing Comprehensive Financials: Project detailed income and expense statements under Stephen’s guidance.
- Valuing Hotels Accurately: Use HVS’s three state-of-the-art, proprietary models to estimate the market value of both existing and proposed hotels.
Plus, there will be a networking lunch and après-work drinks, giving everyone a chance to connect and share ideas in a more relaxed setting.
What You’ll Need
Bring your own device, with access to Excel, to fully engage with this hands-on session. All class materials, including HVS software and presentations, will be provided.Speakers
- [email protected]
- +1 (617) 868-6840 (Mobile)
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.
- [email protected]
- +27 (0) 792790584 (Mobile)
Rish is a Director at HVS Middle East and Africa. He has more than 17 years of experience in hotel realty across more than 40 countries and three continents and has completed several strategic assignments for some of the best-in-class international hotel companies, brands, family businesses, and institutional investors in the hospitality sector. His experience spans across hotel transactions (buy and sell side), operator searches, hotel management and franchise contract negotiations, situation analysis, asset management, individual and portfolio valuations, feasibility studies, and corporate strategy.
Before joining HVS, he held various positions in luxury hotel operations, pre-opening, project, and asset management. Rish holds a Bachelor of Business Administration degree and a First-Class Honors degree in Hotel Management from the University of Huddersfield. He is a Chartered Surveyor and a Member of the Royal Institute of Chartered Surveyors (MRICS).
Only 20 Seats Available – Register Today!
This is a unique opportunity to learn from Stephen Rushmore Jr. himself. Secure your spot now and step up your game in hotel development. Cost per person is $100, which includes workshop material and a one-hour virtual session with the team post the event.
About HVS
HVS is the world’s leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of 50 offices staffed by more than 250 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry.From our office here in Cape Town, HVS Southern Africa focuses on the African continent, where we have worked in 24 different African countries, advising on existing and proposed hotels and resorts. For further information regarding our expertise and specifics about our services, please visit hvs.com.