One-Day Master Class: Learn How to Underwrite a Hotel Development

Friday, 15 May 2026 from 9:30am to 4pm

The Saxon Hotel, Villas & Spa, Johannesburg

Join us in Johannesburg for an exclusive, hands-on master class where you’ll learn how to underwrite hotel developments using the industry-leading techniques pioneered by HVS over the past 45 years.

Led by Stephen Rushmore Jr., MAI, FRICS, President and CEO of HVS, this session offers a rare opportunity to learn directly from one of the most influential figures in global hotel feasibility and valuation practice. Stephen has helped shape the standards used worldwide to evaluate hotel development opportunities, investment performance and asset positioning.

Date: Friday, 15 May 2026 from 9:30am to 4pm
Registration: 9:00am
Venue: The Saxon Hotel, Villas & Spa, Johannesburg
Cost: R2 200 ($140 USD) per person (includes refreshments and lunch).

Why Attend?

Whether you're an aspiring or active hotel owner, developer, investor, operator, lender or advisor, this seminar will equip you with the skills and tools necessary to evaluate hotel development opportunities with greater confidence. You’ll gain firsthand experience applying the structured methodologies that underpin HVS’s global advisory work.

Key Takeaways:

• Understand Market Dynamics:
  Analyse local supply and demand trends using a structured, data-driven approach.
• Assess the Competitive Landscape:
  Benchmark performance and positioning of comparable hotels.
• Master Financial Forecasting:
  Develop credible projections for occupancy, ADR and RevPAR.
• Build Financial Models:
  Understand how operating assumptions translate into income and expense performance.
• Value Hotels with Confidence:
  Apply HVS development and valuation methodologies to both proposed and existing assets.

As a participant, you will also receive access to the HVS valuation models used during the session, allowing you to continue applying these techniques after the workshop.

Additional Highlights:

The day includes refreshments and a networking lunch at The Saxon Hotel, Villas & Spa, offering the opportunity to connect with peers and exchange ideas with others actively involved in hotel projects across the region.

What You’ll Need:

Please bring your own device with access to Excel in order to fully participate in this hands-on session. All supporting class materials, including HVS software and presentations, will be provided.

Testimonials:

“The content and discussion was authentic and unique and as always the room was loaded with interesting people.”

“Thank you Stephen for an excellent day, and for that extremely comprehensive, clever and detailed system. The day was full of useful content and insights.”

“What an incredibly useful day – seriously high value knowledge share for anyone in or wanting to enter the hospitality world. Thank you so much Stephen.”

Places are limited to maintain the interactive format of the session.

We look forward to welcoming you to Johannesburg.

Lee-Anne Singer
HVS Middle East & Africa