HVS Opens New Hotel Consulting and Valuation Office in New Orleans

HVS is pleased to announce the opening of a hotel consulting and valuation services branch in New Orleans to serve a rising volume of hotel projects and a strong client contingent in the Gulf Coast market. With a team of professional appraisers and industry veterans to cater to the needs of hotel investors, buyers, sellers, owners, and operators in the region, HVS New Orleans offers the following services:

Single-asset and portfolio hotel appraisals
Market and project-feasibility studies
Franchise evaluations
Advisory expertise on large-scale mixed-use and public-private developments

The new office is headed by Adam R. Lair, MAI, a state-certified hotel appraiser and a Designated Member of the Appraisal Institute with more than a decade of experience in the real estate industry.

New Orleans is a very important market driven by energy, conventions, and tourism, says HVS President and CEO Stephen Rushmore Jr. He adds, The city has grown significantly after recovering from Hurricane Katrina, and we are very optimistic about the future and the ability to provide unrivalled hospitality intelligence to the industry.

The New Orleans-Metairie-Kenner Metropolitan Statistical Area offers more than 38,000 hotel rooms, with demand driven by a thriving tourism industry, the citys status as a first-tier convention destination, and an ongoing slate of major events that regularly capture national and international attention. The latest HVS Hotel Valuation Index (HVI) forecasts continued strong growth for hotel values in New Orleans in the near term.

The new office joins a worldwide network of HVS associates and offices that provide services of the highest calibre to hotel markets they know intimately well. Adam R. Lair, MAI and the professionals under his wing have worked for many years in markets along the Gulf Coast and in surrounding states. In fact, HVS was the lead firm for the appraisal of the Westin New Orleans Canal Place in the citys historic French Quarter. Additionally, Adam, who is widely recognized as an expert hotel industry analyst, has also written extensively on the post-Katrina and post-recession growth of the New Orleans hotel market.

About Adam R Lair
Adam R Lair graduated cum laude from Louisiana State University and studied under scholarship at Tulane University School of Law in New Orleans. He has also completed an advanced set of courses in the analysis and valuation of real estate through the Appraisal Institute. Adam holds the designation of MAI as a Designated Member of the Appraisal Institute and is a state-certified general appraiser in several states throughout the South. His experience encompasses markets throughout the Southeast and beyond. Adam has been highly sought after in the analysis of resort hotels, convention headquarters hotels, and university hotel developments; he has also coordinated analyses of large hotel portfolios, including Equity Inns. Widely recognized as an expert hotel industry analyst, Adam has written articles for HVS and been referenced in articles published by New Orleans CityBusiness and Hotel News Now.

About HVS
HVS is the worlds leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. Established in 1980, the company performs 4500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. Visit www.hvs.com.