private industry hospitality founded 1980 founders steve rushmore headquarters mineola new york united states area served worldwide number of employees 388 website www.hvs.com hvs is a consulting firm based in mineola new york that specializes in providing services to the hospitality industry . as of 2015 hvs operated out of 35 offices located in north america europe asia south america africa and the mid east . in addition to its original offerings of consulting and valuation services for the lodging industry hvs today provides multiple hospitality services and specializations in areas such as executive recruitment investment banking hotel management hotel asset management operational and marketing consulting litigation support golf facilities hotel parking operations court appointed receivership services convention centers sports and entertainment facilities environmental sustainability and risk management . the privately held firm performs approximately 5 000 assignments throughout the world for hotel owners operators and lenders each year . contents 1 history 2 operations 3 research and conference sponsorship 4 key publications 5 references 6 external links history edit originally known as hospitality valuation services the company was founded by steve rushmore in 1980 in a one room office in garden city new york . rushmore a graduate of the cornell university school of hotel administration 1 drew upon his experience as head of the hospitality consulting division of helmsley spear a position he took on in 1971 . at that time there were valuation companies specializing in appraising real estate but not hotel operations and accounting firms knowledgeable in hotel operations but not real estate . recognizing the need for an appraisal company that specialized in the hospitality arena rushmore pursued membership in the appraisal institute then known as the american institute of real estate appraisers . 2 when he received the mai 3 designation from the institute in 1976 rushmore enjoyed the distinction of being the institute s only member with a degree in hotel administration . 4 combining his appraisal institute membership with his hotel school degree from cornell rushmore then wrote an appraisal textbook for the hospitality industry the valuation of hotels and motels 2 5 which the institute published in 1978 . the text has been updated four times and the most recent publication is hotels & motels valuations and market studies. ; 6 this publication has been described as the seminal text on the art and science of hotel appraisals . 7 this and other publications by rushmore established the methodology for appraising hotels that is today considered an industry standard . 8 capitalizing on its singular status as the only consulting and valuation company dedicated solely to the hospitality industry hvs expanded opening a west coast office in san francisco five years later followed by offices in london colorado and florida . today the company has a presence in nearly thirty five cities on five continents . operations edit the organizational structure and operations of hvs are modeled on that of other consulting firms such as mckinsey & company particularly with regards to the company s recruitment of hospitality students from prestigious universities and its compensation structure . 9 although the learning curve is steep those who thrive in the company s entrepreneurial environment have the opportunity to transfer to other offices in a different part of the globe . in a may 2010 cover story about hvs lodging hospitality magazine opined the list of alumni reads like a who s who of the most highly regarded consultants development executives and financial experts in the worldwide lodging industry . 10 to help market its hotel consulting and valuation services hvs began disseminating a broad spectrum of complimentary information to the lodging industry . hvs encouraged its associates to publish articles on informative timely and interesting topics for the lodging industry and the research and writings of hvs associates are published and cited in a number of academic journals . citation needed hvs conducts seminars on hotel valuation for the appraisal institute and other organizations around the world and has trained more than 20 000 appraisers and industry professionals . hvs research and data gathering about historical and projected hotel value trends sales transaction data compensation programs franchise fees hotel franchise development costs and hotel renovation costs provides data to industry participants . 11 research and conference sponsorship edit consistent with the academic background of the company s founder hvs supports several institutions of higher learning that specialize in hospitality . to foster academic research in the field hvs endows professorial chairs at both new york university s tisch center for hospitality tourism and sports management and cornell university s hotel school 12 hvs also funded cornell university s rushmore jennings computer library 13 and is a corporate partner in the university s center for hospitality research . 14 each year hvs plays a significant role in new york university s international hospitality industry investment conference where the company presents its annual report on hotel valuation and transaction trends for the u.s. lodging industry to conference attendees . 15 an hvs executive serves as the conference coordinator 16 and others associated with the company serve as panel moderators and speakers . 17 additionally in the months prior to the conference the firm provides insight for the development of the manhattan hotel market overview survey conducted by nyu graduate students . hvs distributes the results of the student survey and analysis to conference attendees as part of the firm s annual manhattan hotel market overview . hvs has launched other major industry conferences around the globe organizing the hotel investment conference south asia hicsa 18 the china hotel investment conference chic 19 the caribbean hospitality investment conference and operations summit chicos 20 the hotel operations summit india hosi 21 and thinc indonesia tourism hotel investment and networking conference indonesia . 22 key publications edit rushmore stephen and erich baum 2001 . hotels and motels valuations and market studies appraisal institute . isbn 0 922154 70 8 . rushmore stephen 1992 . hotels and motels a guide to market analysis investment analysis and valuations appraisal institute . isbn 0 922154 06 6 . rushmore stephen 1990 . the computerized income approach to hotel motel market studies and valuations american institute of real estate appraisers . isbn 0 922154 02 3 . rushmore stephen 1990 . hotel investments a guide for owners and lenders warren gorham and lamont inc. isbn 0 7913 0379 9 . rushmore stephen 1986 . how to perform an economic feasibility study of a proposed hotel motel american society of real estate counselors . rushmore stephen 1983 . hotels motels and restaurants valuations and market studies american institute of real estate appraisers . isbn 0 911780 70 x. rushmore stephen 1978 . the valuation of hotels and motels american institute of real estate appraisers . isbn 0 911780 44 0 . recent articles and presentations authored by hvs principals and associates are accessible on the hvs website . references edit http www.hotelschool.cornell.edu about pubs news newsdetails.html id 609 11 11 2009 fourth paragraph . retrieved 2010 11 16 . a b http www.appraisalinstitute.org about history.aspx first paragraph . retrieved 2010 11 16 . member of the appraisal institute ; http www.appraisalinstitute.org findappraiser show member profile.asp p rbakpvd4jnqhrezbnm3zuatknflfboj3tg4orb 1976 retrieved 2010 11 04 . the house that steve built 2002 10 . cover story fourth paragraph . lodging magazine . rushmore stephen 1978 . isbn 0 911780 44 0 . rushmore stephen and erich baum 2001 . appraisal institute . isbn 0 922154 70 8 . http www.appraisalinstitute.org store p 19 hotels and motels valuations and market studies.aspx retrieved 2010 11 23 . watkins ed 2010 05 06 . hvs marks 30th anniversary . second paragraph . lodging hospitality . http lhonline.com consulting hvs consulting appraisal transactions 0506 index.html retrieved 2010 10 28 . watkins ed 2010 05 06 . hvs marks 30th anniversary . third paragraph . lodging hospitality . http lhonline.com consulting hvs consulting appraisal transactions 0506 index.html retrieved 2010 10 28 . quotation from bjorn hanson divisional dean and clinical professor of hospitality and tourism management nyu tisch center for hospitality tourism and sports management . watkins ed 2010 05 06 . hvs marks 30th anniversary . seventh paragraph . lodging hospitality . http lhonline.com consulting hvs consulting appraisal transactions 0506 index.html retrieved 2010 10 28 . watkins ed 2010 05 06 . hvs marks 30th anniversary . first paragraph . http lhonline.com consulting hvs consulting appraisal transactions 0506 index.html retrieved 2010 11 18 . turkel stan 2010 06 19 http www.bluemaumau.org welldeserved compliment steve rushmore second paragraph . retrieved 2010 11 17 . http www.scps.nyu.edu export sites scps areas of study tisch hospitality conference special message from jonathan tisch.pdf dr. lalia rach hvs professor . sixth paragraph . retrieved 2010 11 17 . http www.hotelschool.cornell.edu about pubs news newsdetails.html id 287 2005 02 01 . third paragraph . retrieved 2010 11 17 . http www.hotelschool.cornell.edu about pubs news newsdetails.html id 287 2005 02 01 . first paragraph . retrieved 2010 11 17 . http hotellaw.jmbm.com 2009 06 hospitality lawyer what lies a.html butler jim and the global hospitality group 2009 06 14 . retrieved 2010 11 17 . http www.scps.nyu.edu export sites scps areas of study tisch hospitality conference hospitality conference speaker bios.pdf page 3 . retrieved 2010 11 17 . http www.scps.nyu.edu export sites scps areas of study tisch hospitality conference hospitality conference speaker bios.pdf pages 11 30 37 . retrieved 2010 11 17 . http www.hicsaconference.com default.aspx retrieved 2010 11 17 . http www.chinahotelconference.com host.html retrieved 2010 11 17 . http www.hvschicos.com retrieved 2012 06 18 . http www.hosiconference.com retrieved 2010 11 17 . http www.thincindonesia.com retrieved 2014 03 25 . external links edit website of hvs retrieved from https en.wikipedia.org w index.php title hvs global hospitality services & oldid 707549942 categories consulting firmshospitality companies of the united statescompanies based in nassau county new yorkprivately held companies based in new yorkhidden categories all articles with unsourced statementsarticles with unsourced statements from october 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search 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