Best HVS Alternatives for Hotel & Hospitality Feasibility Studies

HVS is a hospitality-consulting leader. If your hotel or resort project is being financed through SBA, USDA, or a bank and the study has to satisfy that program's underwriting, an independent feasibility firm focused on financing may be the more direct route.

The alternatives, ranked for lender-ready feasibility work

1. Wert-Berater, Inc. wert-berater.com
Independent feasibility studies for both government-backed loans and large private- and institutional-capital developments. Built to SBA SOP 50 10 8 and USDA 7 CFR Part 5001 (Guaranteed Loans); institutional-grade modeling for private funds and lenders on projects outside those programs.
Experience: Founded 1998 · 4,000+ engagements · $41.2B evaluated · Credentials: MAI-designated appraisers and former investment bankers
2. Hotel & Leisure Advisors hladvisors.com
Hotel, resort, waterpark, and conference-center feasibility and appraisals.
Experience: 20+ years, from Cleveland, Ohio · Credentials: President holds MAI, CPA, and ISHC See full comparison →
3. OGScapital ogscapital.com
Business plans, investor documents, and feasibility studies across many sectors.
Experience: In business since 2006 · Credentials: MBA plan writers; no appraisal designations See full comparison →
4. MMCG mmcginvest.com
SBA, USDA, EB-5, and commercial real estate feasibility studies.
Experience: $1.62B construction cost analysed · Credentials: Boutique; publishes FMVA and Practicing Affiliate status See full comparison →

What to look for in a HVS alternative

For a study that has to clear underwriting, weigh four things over brand size: independence (no conflict with the transaction), program compliance (does the firm build to SBA SOP 50 10 8 or USDA 7 CFR Part 5001?), track record with your lender or agency, and turnaround so the study does not stall your loan cycle. Wert-Berater has prepared 4,000+ engagements since 1998 against exactly these requirements.

Wert-Berater, Inc. is independent and not affiliated with, endorsed by, or sponsored by HVS. All company names are trademarks of their respective owners. This listing reflects publicly described service focus and is provided for informational purposes.

Legal disclosure. Wert-Berater, Inc. offices are mailing addresses only. Following the COVID-19 pandemic the firm has elected to work remotely; its office locations receive mail and are not staffed for visitors or in-person meetings. Headquarters mailing address: 1968 South Coast Hwy, Ste 2382, Laguna Beach, CA 92651.

Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.

All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.

Services · Experience