Author Bio

Suzanne R. Mellen

Senior Managing Director at HVS

Suzanne R. Mellen, MAI, CRE, FRICS, ISHC is the Senior Managing Director and Practice Leader of HVS Consulting and Valuation. She has been evaluating hotels and other hospitality real estate assets for 40 years, has authored numerous articles, and is a frequent lecturer and expert witness on the valuation of hotels and related issues. Ms. Mellen has a BS degree in Hotel Administration from Cornell University and holds the following designations: MAI (Appraisal Institute), CRE (Counselor of Real Estate), ISHC (International Society of Hospitality Consultants) and FRICS (Fellow of the Royal Institution of Chartered Surveyors). Contact Suzanne at +1 (415) 268-0351 or

Articles by Suzanne R. Mellen (10)

Low Cap Rates Drive Gains in Hotel Values

Since early 2004 reduced interest rates and lower equity yield requirements have had a substantial positive impact on hotel values. The greater availability and reduced cost of capital has resulted in roundly a 200 to 250 basis point decline in capitalization and free and clear ...