Editorial Board   Guest Author

Mr. Fernandes

Chris Fernandes

Director, HVS

Chris Fernandes is Director of HVS Consulting and Valuation, based in New York City. HVS specializes in all types of hospitality assets, including hotels, restaurants, casinos, shared ownership lodging, mixed-use developments, spas, and golf courses, as well as conventions, sports, and entertainment facilities.

Chris began his work in hospitality at Princeton University’s conference and event services, where his responsibilities included arranging guest housing and check-ins for groups of up to 600 people. He also served in various restaurant and hotel operations roles with Marriott and Shaner Hotel Management at the University of Delaware before beginning his consulting career with HVS in 2013.

Chris is a state-certified general appraiser in New York, New Hampshire, and North Carolina, and has completed more than 250 appraisals, market and feasibility studies, and consulting engagements throughout the New England, Mid-Atlantic, and Southeast regions; he also has a breadth of experience in the New York City market, having appraised over 100 hotels across all five boroughs. He has assisted a wide range of clients ranging from institutional lenders and investment banking firms to insurance companies, hotel owners and investors, hotel franchise and management companies, gaming companies, and attorneys.

Chris has served as a panelist at the NYU International Hospitality Industry Investment Conference and co-instructor at New York University’s Schack Institute of Real Estate with HVS founder Steve Rushmore. He has also authored various publications, including HVS’ quarterly Manhattan Lodging Overview since 2016. Chris graduated summa cum laude from the University of Delaware with a Bachelors of Science in Hotel, Restaurant, and Institutional Management; his honors also included the Gore Entrepreneurial and Marriott Foundation scholarships.

Please visit https://hvs.com/ for more information.

Mr. Fernandes can be contacted at +1 (603) 305-6834 or cfernandes@hvs.com

Coming up in May 2019...

Eco-Friendly Practices: Corporate Social Responsibility

The hotel industry has undertaken a long-term effort to build more responsible and socially conscious businesses. What began with small efforts to reduce waste - such as paperless checkouts and refillable soap dispensers - has evolved into an international movement toward implementing sustainable development practices. In addition to establishing themselves as good corporate citizens, adopting eco-friendly practices is sound business for hotels. According to a recent report from Deloitte, 95% of business travelers believe the hotel industry should be undertaking “green” initiatives, and Millennials are twice as likely to support brands with strong management of environmental and social issues. Given these conclusions, hotels are continuing to innovate in the areas of environmental sustainability. For example, one leading hotel chain has designed special elevators that collect kinetic energy from the moving lift and in the process, they have reduced their energy consumption by 50%  over conventional elevators. Also, they installed an advanced air conditioning system which employs a magnetic mechanical system that makes them more energy efficient. Other hotels are installing Intelligent Building Systems which monitor and control temperatures in rooms, common areas and swimming pools, as well as ventilation and cold water systems. Some hotels are installing Electric Vehicle charging stations, planting rooftop gardens, implementing stringent recycling programs, and insisting on the use of biodegradable materials. Another trend is the creation of Green Teams within a hotel's operation that are tasked to implement earth-friendly practices and manage budgets for green projects. Some hotels have even gone so far as to curtail or eliminate room service, believing that keeping the kitchen open 24/7 isn't terribly sustainable. The May issue of the Hotel Business Review will document what some hotels are doing to integrate sustainable practices into their operations and how they are benefiting from them.