Donald C. Stephens Jr.

Experience

Donald C. Stephens Jr. is the Managing Director of HVS Orlando Consulting & Valuation. Donald is responsible for business line operations and business development of HVS’s Central Florida platform. Donald has been an active participant in the hotel industry for over 30 years as a real estate consultant, senior appraiser, and hotel advisory specialist. He has completed real estate valuations and consulting assignments with a focus on hotels, motels, resorts, golf courses, and hospitality-driven mixed-use developments. His clients have included financial lending entities, institutions, government agencies, corporate entities, legal and accounting professionals, developers and private individuals. Donald has extensive experience providing market demand studies and feasibility analysis for proposed hotel development, highest and best use analysis, litigation support, portfolio analysis, and consulting services on a broad range of commercial property types. He has conducted appraisals and investment counseling for the purpose of sale/purchase, financing, insurance, estate valuations, purchase price allocation, and corporate planning. His range of geographical experience spans over 18 U.S. states, the Caribbean, Central America, and the Atlantic Provinces of Eastern Canada.

Follow Donald on LinkedIn.

HVS is the nation's leading consulting firm that is laser-focused on the hospitality sector. The firm provides expertise through every phase of ownership across a wide range of hospitality assets. We help clients succeed in the complex consulting arena, from feasibility studies to exit strategies and everything in between.

Testimonials

"HVS has a very deep understanding of the hotel business and its environment; they are capable of providing, at any point in time, very accurate and up-to-date market data, which is a tremendous help for developers to make the right business decisions." – Mr. Van Schaardenburg, Everest Development Group

"I have had the opportunity to work with HVS on several market studies for various projects over the years and have always been highly satisfied with the comprehensive nature of the reports provided and overall quality level. In particular, it is always a pleasure working with Don Stephens relative to projects that fall within his area of responsibility. Don is a true professional and quite knowledgeable, responsive, engaging and overall displays a level of expertise that instills confidence in his final reports/recommendations." – Stuart Newmark, CHA Operating Partner, JL Hospitality Management, LLC.

"We have used HVS for valuation services in the United States and internationally; HVS has always delivered on time and been available to answer questions or work with our clients in the event that the client has concerns. Don Stevens, who has been our primary contact, is very easy to work with over the many years we have had a relationship with HVS. The associate appraisers Don has chosen to work our projects have always been the best in their field. We highly recommend HVS for hospitality valuation services." – Mr. Rosenberg, Provizia Capital Limited

Education

Business Administration, University of Prince Edward Island, PEI, Canada 1978
Retail Marketing, Holland College, Charlottetown, PEI, Canada 1980
Bachelor of Commerce, Saint Mary’s University, Halifax, Nova Scotia, Canada 1984

Appraisal Institute Classes Completed:
Basic Appraisal Principles
Basic Appraisal Procedures
National Uniform Standards of Professional Appraisal Practice (USPAP) Course
Mastering Real Estate Appraisal & Real Estate Law
Real Estate Finance, Statistics, and Valuation Modeling
General Appraiser Market Analysis and Highest & Best Use
General Appraiser Sales Comparison Approach
General Appraiser Site Valuation and Cost Approach
General Appraiser Income Approach – Part I
General Appraiser Income Approach – Part II
General Appraiser Report Writing and Case Studies
Residential Sales Comparison
Florida Law & Supervisor/Trainee Roles and Responsibilities
Business Practice & Ethics
Florida Real Estate Law and Rules
Basic Hotel Appraising – Limited-Service Hotels
Advanced Hotel Appraising – Full-Service Hotels

Seminars and Professional Development:
Marketability Studies, The Six-Step Process and Basis Applications-Appraisal Institute
Mortgage Bankers Association (MBA) - Annual Conferences
ARGUS Software Certification Program
Microsoft Excel, Comprehensive Certification Program
Marshall Swift and Boeckh’s Polycom, Computerized Building Cost Estimate
Discounted Cash-Flow Valuation Models, “The Analysis and Valuation of Real Estate Investment Properties,” Appraisal Institute
Subdivision Valuation, “A Comprehensive Guide to Valuing Improved Subdivisions”
REEP, (Real Estate Valuation Program-DCF Analysis), Commercial Real Estate Valuation Software developed by C. Claymore Software Group, Toronto Canada

Employment History

2011 to present
HVS CONSULTING AND VALUATION SERVICES
Orlando, Florida

2009 – 2012
SUMMIT REALTY ADVISORS, LLC
Senior Appraiser and Consultant
Jupiter, Florida

1995 – 2009
LAWSON VALUATION GROUP, INC. (formerly LAWSON & POWEL, INC.)
Senior Appraiser and Consultant
Palm Beach Gardens, Florida

1985 – 1994
HARDY APPRAISALS, INC.
Senior Appraiser and Consultant
Halifax, Nova Scotia, Canada

Affiliations

Associate Member of the Appraisal Institute 2013–2021, East Florida Chapter
Associate Member of the Appraisal Institute 2004-2013, South Florida Chapter
Partner Member Visit Orlando, the Orlando Tourism Bureau 2012-2016
Allied Member of Central Florida Hotel & Lodging Association, 2012-2016
Allied Member of the Latino Hotel & Restaurant Association, 2016
Member of the Palm Beach County Hotel and Lodging Association, 1995-2011
Member of B.O.M.A. (Building Owners and Managers Association), 1985-2009
Previous Executive Member of the Appraisal Institute of Canada, Nova Scotia Chapter

Hotels Evaluated

Sample List for Illustrative Purposes

PORTFOLIO VALUATION
Portfolio of 17 Hotels for GEMeristar
Portfolio of 8 Hotels for Starwood
15 Extended Stay America Hotels
 
ALABAMA
Proposed Upper-Midscale Hotel, Atmore
Proposed Westin Atlanta Duluth at Infinite Energy Center, Duluth
 
CALIFORNIA
Hilton, Anaheim
 
COLORADO
Boulder Marriott, Boulder
Holiday Inn Holidome, Boulder
Peak 7, Breckenridge
Value Inn Motel, Colorado Springs
Denver Fairfield Inn, Denver
Holiday Inn, Denver
Holiday Inn Express, Wheat Ridge
 
CONNECTICUT
Westport Inn, Stamford
 
DISTRICT OF COLUMBIA
Courtyard by Marriott Washington Convention Center, Washington
 
FLORIDA
Proposed Atlantis Boutique Hotel, Atlantis
Wyndham Hotel Miami, Biscayne Bay
Holiday Inn Express, Boynton Beach
Courtyard by Marriott, Brandon
Hampton Inn Bonita Springs Naples North, Bonita Springs
Homewood Suites by Hilton Bonita Springs, Bonita Springs
Proposed Boutique Hotel, Carrabelle
Melia Orlando at Celebration, Celebration
TownePlace Suites by Marriott Saint Petersburg Clearwater, Clearwater
Proposed Home2 Suites by Hilton, Clermont
Proposed Victory Coast Hotel, Clermont
Proposed Branded Hotel at Blackwater, Davenport
Proposed Extended-Stay Hotel Blackwater, Davenport
Quality Inn Maingate South Orlando, Davenport
Best Western, Daytona Beach
Fairfield Inn & Suites Daytona Beach Speedway/Airport, Daytona Beach
Knights Inn, Daytona Beach
Plaza Resort & Spa, Daytona Beach
Proposed Waterway Hotel & Resort, Daytona Beach
Scottish Inn, Daytona Beach
Treasure Island Resort, Daytona Beach Shores
Howard Johnson Ocean Resort, Deerfield Beach
Proposed Hotel Stetson University, DeLand
Proposed Nest Treehouse Resort, Deland
Hampton Inn, Delray Beach
Clarion Hotel, Deltona
Proposed Select-Service Hotel Destin, Destin
Proposed Residence Inn by Marriott, Doral
Proposed Condominium Hotel Dunedin, Dunedin
Days Inn North Orlando Casselberry, Fern Park
Hampton Inn, Florida City
Best Florida Inn, Ft. Lauderdale
Best Western Oceanside, Ft. Lauderdale
Howard Johnson Ocean Resort, Ft. Lauderdale
Proposed Residence Inn by Marriott, Ft. Lauderdale
Proposed Wyndham Hotel Mermaid, Ft. Lauderdale
Schubert Hotel, Ft. Lauderdale
Wyndham Mermaid, Ft. Lauderdale
Hampton Inn & Suites Fort Myers Colonial Boulevard, Fort Myers
Proposed Margaritaville Hotel, Fort Myers
Proposed Bay Harbour Condo & Marina, Fort Myers Beach
Best Western, Ft. Pierce
Holiday Inn Express, Ft. Pierce
Quality Inn, Ft. Pierce
Holiday Inn, Gainesville
Proposed AC Hotel, Gainesville
Proposed Hotel, Groveland
Proposed Home2 Suites by Hilton, Gulf Breeze
Proposed 80-Room Hotel, Haines City
Diplomat by Curio Expansion, Hollywood
Margaritaville Hollywood Beach Resort, Hollywood
Proposed Woodspring Suites, Inverness
Hospitality Inn Jacksonville, Jacksonville
Proposed Hotel, Jacksonville
Proposed Margaritaville Beach Hotel Jacksonville, Jacksonville
Hampton Inn, Juno Beach
Holiday Inn Express, Juno Beach
Proposed Jupiter Hotel at I-95, Jupiter
Country Inn & Suites, Kissimmee
Embassy Suites Orlando Lake Buena Vista South, Kissimmee
Margaritaville Resort Orlando, Kissimmee
Proposed 165-room Upscale Hotel, Kissimmee
Proposed Embassy Suites by Hilton, Kissimmee
Proposed Future Mixed-Use Development Site, Kissimmee
Proposed Hampton by Hilton, Kissimmee
Proposed Hotel at Lake Toho, Kissimmee
Proposed Margaritaville Resort Orlando, Kissimmee
Proposed Hotel at Lake Toho, Kissimmee
Proposed Nickelodeon Hotel Reunion Resort, Kissimmee
Proposed Poinciana Resort, Kissimmee
Proposed Select-Service Hotel, Kissimmee
Quality Inn & Suites by The Parks, Kissimmee
Quality Suites Parc Royale, Kissimmee
Red Roof Inn, Kissimmee
Reunion Resort and Club of Orlando, Kissimmee
Proposed Luxury Hotel, Lake Bryan
Suburban Extended Stay, Lakeland
B Resort Disney, Lake Buena Vista
Candlewood Suites Orlando Lake Buena Vista, Lake Buena Vista
Embassy Suites, Lake Buena Vista
Proposed Hotel at the Lakeland Center, Lakeland
Proposed Upscale Hotel, Lakeland
Marriott Orlando Lake Mary, Lake Mary
Proposed Hotel, Lake Mary
Westin Lake Mary Orlando North, Lake Mary
Hampton Inn, Lake Worth
Best Western, Lantana
Lauderdale Beachside Hotel, Lauderdale-by-the-Sea
Proposed Cambria Suites, Madeira Beach
Proposed Hotel, Madeira Beach
Proposed Midscale Hotel, Melbourne
Proposed Tru Hotel by  Hilton, Melbourne
Baymont Inn & Suites Miami Airport West Doral, Miami
Courtyard Dadeland, Miami
InterContinental Miami, Miami
JW Marriott, Miami
London House, Miami
Proposed Holiday Inn, Miami
Proposed Radisson Hotel Miami, Miami
Rose Hotel, Miami
Wyndham Hotel Airport, Miami
Beach Plaza Hotel Miami Beach, Miami Beach
Clevelander Hotel, Miami Beach
Delano Hotel, Miami Beach
Essex House Hotel, Miami Beach
Hotel Saint Augustine, Miami Beach
Julia Hotel Miami Beach, Miami Beach
Marriott Stanton South Beach, Miami Beach
Proposed 200-room Hotel, Miami Beach
Stiles Hotel, Miami Beach
The Allen, Miami Beach
The Barclay, Miami Beach
Naples Resort & Marina, Naples
Proposed 96 Golfside Residences at The Naples Beach Club, Naples
WoodSpring Suites Naples, Naples
Best Atlantic Inn, Neptune Beach
Red Roof Inn Neptune Beach Mayport/Mayo Clinic, Neptune Beach
Days Inn Neptune Jacksonville Beach Mayport Mayo Clinic, Neptune Beach
Proposed Hotel at West Villages, North Port
Proposed Hotel at West Oaks Mall, Ocoee
Aloft Orlando Downtown, Orlando
Caribe Royale Orlando All-Suites Hotel & Convention Center, Orlando
Castle Hotel Autograph Collection, Orlando
Comfort Inn International Drive, Orlando
Courtyard by Marriott Orlando Lake Buena Vista at Vista Centre, Orlando
Comfort Suites Maingate East, Orlando
Econo Lodge Inn & Suites Near Florida Mall, Orlando
Fairfield Inn & Suites Orlando East UCF Area, Orlando
Fairfield Inn by Marriott, Orlando
Floridian Inn & Suites, Orlando
Four Seasons Resort, Orlando
Hampton Inn & Suites Orlando Downtown South Medical Center, Orlando
Hampton Inn (ORMC), Orlando
Hilton Orlando, Orlando
Homestead Village, Orlando
JW Marriott Orlando Bonnet Creek Resort & Spa, Orlando
Katerina Hotel, Orlando
La Quinta Inn & Suites by Wyndham Orlando IDrive Theme Parks, Orlando
ph Premiere Hotel & Spa, Orlando
Proposed AC Hotel by Marriott on I-Drive, Orlando
Proposed AC Hotel by Marriott, Orlando
Proposed Aloft on I-Drive, Orlando
Proposed Curio by Hilton Downtown, Orlando
Proposed Dual-Branded Element & Aloft, Orlando
Proposed Dual-Branded Marriott at Millenia Mall, Orlando
Proposed Four Points by Sheraton, Orlando
Proposed Full-Service Hotel at the Downtown Orlando Sports & Entertainment Complex, Orlando
Proposed Full-Service Hotel, Orlando
Proposed Full-Service Hotel, Orlando
Proposed Hampton/Home2 Suites Hotel, Orlando
Proposed Hilton Garden Inn & Home2 Suites by Hilton, Orlando
Proposed Home2 Suites by Hilton, Orlando
Proposed Hotel at 500 South Magnolia, Orlando
Proposed Hotel at Boggy Creek, Orlando
Proposed Hotel at Florida Hospital, Orlando
Proposed Hotel at Hamlin Orlando West, Orlando
Proposed Hotel at ORMC, Orlando
Proposed Hotel Development, Orlando
Proposed Hotel Lucerne Promenade, Orlando
Proposed Hotel on International Drive, Orlando
Proposed Hotel Rio by Bourbon, Orlando
Proposed Hotel UCF Area, Orlando
Proposed Hotel Universal Boulevard, Orlando
Proposed Hotel, Orlando
Proposed JW Marriott - Bonnet Creek, Orlando
Proposed Loews Conference Hotel, Orlando
Proposed Luxury Hotel Lake Bryan, Orlando
Proposed Margaritaville Hotel, Orlando
Proposed Nickelodeon Hotel, Orlando
Proposed ph Premiere Hotel & Spa, Orlando
Proposed Radisson Blu & Residences Orlando Downtown, Orlando
Proposed Residence Inn by Marriott I-Drive, Orlando
Proposed Residence Inn by Marriott, Orlando
Proposed Resort-Style Hotel & Residences, Orlando
Proposed Select-Service Hotel I-Drive, Orlando
Proposed Senso Beach Club, Orlando
Proposed SpringHill Suites & TownePlace Suites, Orlando
Proposed SpringHill Suites by Marriott, Orlando
Proposed Staybridge Suites, Orlando
Proposed TownePlace Suites by Marriott, Orlando
Proposed Tru Hotel, Orlando
Proposed TRYP Orlando I-Drive, Orlando
Proposed Vienna Tower, Orlando
Ramada Plaza Resort & Suites I-Drive, Orlando
Ramada Plaza Resort & Suites Orlando Airport, Orlando
Ramada, Orlando
Red Carpet Inn, Orlando
Reunion Resort, Orlando
Royal Plaza Hotel, Orlando
Sandy Lake Towers, Orlando
Sheraton Four Points, Orlando
Sheraton World Resort, Orlando
Star Island, Orlando
Three Proposed Hotels on I Drive, Orlando
TownePlace Suites By Marriott Orlando Downtown, Orlando
Travelodge Hotel at Walt Disney, Orlando
Vienna Tower Downtown, Orlando
Westin Orlando, Orlando
Wyndham Orlando Resort, Orlando
Days Inn, Okeechobee
Proposed Hotel Oviedo on the Park, Oviedo
Comfort Suites, Palm Bay
Four Seasons Resort Palm Beach, Palm Beach
DoubleTree Hotel, Palm Beach Gardens
Hilton Garden Inn, Palm Beach Gardens
Proposed Limited-Service Hotel, Palm Beach Gardens
Proposed Palm Beach Gardens Hotel, Palm Beach Gardens
Hammock Beach Resort, Palm Coast
Proposed Margaritaville Panama City Beach, Panama City Beach
Grand Palms Spa &  Resort, Pembroke Pines
Proposed Hotel, Pembroke Pines
Proposed Home2 Suites by Hilton Pine Forest Road, Pensacola
Hospitality Inn Mobile Highway, Pensacola
Hospitality Inn Pensacola Highway, Pensacola
La Quinta Inn Tampa Bay Pinellas Park Clearwater, Pinellas Park
Proposed Village & Marina at Boca Grande, Placida
Days Inn, Plant City
Proposed Transient Rental Product, Pompano Beach
Super 8, Pompano Beach
Proposed Indigo, Port Canaveral
Proposed Focused-Service Hotel Port Charlotte, Port Charlotte
Residence Inn by Marriott, Port St. Lucie
Encore, Reunion
Royal Inn, Royal Palm Beach
Beach Club at Saint Augustine, Saint Augustine Beach
Proposed Hotel Downtown, St. Petersburg
Proposed Hotel at Beachwalk Community, St. John's
Proposed Hampton Inn & Suites by Hilton, Sanford
Best Western Plus, Sarasota
Proposed Hotel – Fruitville Road, Sarasota
Proposed SpringHill Suites by Marriott, Sarasota
Sleep Inn, Sarasota
Proposed SpringHill Suites, Siesta Key
Proposed Upscale Branded Hotel, Siesta Key
Rutledge Inn Ocean Drive, Singer Island
Garden Hotel, South Beach
Proposed Hyatt Hotel, South Beach
Ritz-Carlton South Beach Resort, South Beach
Ramada Inn North, Tallahassee
Hilton Embassy Suites, Tampa
Proposed Boutique Hotel, Tampa
Proposed MacDill Hotel, Tampa
Best Western, Tavares
Best Western Lake County Inn, Tavares
Nordvind Beach Resort, Treasure Island
Hampton Inn & Suites, Venice
Comfort Inn, Vero Beach
Hampton Inn Vero, Vero Beach
Palm Court, Vero Beach
Comfort Inn Okeechobee, West Palm Beach
Hilton Garden Inn, West Palm Beach
Homewood Suites by Hilton, West Palm Beach
La Quinta, West Palm Beach
Proposed WoodSpring Suites Okeechobee Boulevard, West Palm Beach
Wellesly Inn Palm Beach Lakes, West Palm Beach
Proposed Hotel Flamingo Crossing, Winter Garden
Proposed SpringHill Suites and TownePlace Suites Flamingo Crossing, Winter Garden
Proposed Select-Service Hotel, Winter Garden
Proposed Home2 Suites Winter Haven, Winter Haven
Proposed Upper-Midscale Hotel, Winter Haven
Hampton Inn PBIA, West Palm Beach
Omni Hotel, West Palm Beach
Proposed Hotel, West Palm Beach
SpringHill Suites by Marriott, West Palm Beach
Hampton Inn & Suites, Wellington
Proposed 102-room Hampton Inn, Winter Garden
Proposed Boutique Upscale Hotel, Winter Garden
Proposed Home2 Suites by Hilton, Winter Garden
Proposed Hotel within the Hamlin Development, Winter Garden
Proposed Limited-Service Hotel, Winter Garden
SpringHill Suites by Marriott Orlando Flamingo Crossings Western Entrance, Winter Garden
TownePlace Suites by Marriott Orlando at Flamingo Crossings Western Entrance, Winter Garden
Proposed Home2 Suites by Hilton, Winter Haven
 
GEORGIA 
Wyndham Peachtree, Peachtree
Best Western, Savannah
Hyatt Regency, Savannah
 
KANSAS 
Best Western, Kansas City
 
MICHIGAN 
Holiday Inn, Farmington Hills
 
PENNSYLVANIA
Hidden Valley Ski and Golf Resort, Hidden Valley
 
SOUTH CAROLINA
Montage Inn at Palmetto Bluff, Bluffton
Suburban Lodge, Greenville
 
TENNESSEE
Homewood Suites, Germantown
 
TEXAS
Hilton Americas Houston, Houston
Pearl South Padre, South Padre Island
 
VIRGINIA
Residence Inn, Rosslyn
Sheraton Four Points, Williamsburg
 
WEST VIRGINIA
Econo Lodge, Morgantown
Econo Lodge, Star City
 
WISCONSIN
Janesville Econo Lodge, Janesville
Econo Lodge, Madison
Madison Select, Madison
Econo Lodge, Waukesha
 
 
INTERNATIONAL
 
Bahamas
Proposed Six Senses Resort & Residences, Deep Water Cay
The Pointe Condominium, Nassau
 
Barbados
Proposed Hotel, Pierhead Development
Proposed Banyan Tree Development, Saint Peter
 
Belize
Proposed Resort and Branded-Residences, Ambergris Caye
 
Costa Rica
Proposed Autograph by Marriott, Flamingo Beach
Four Seasons Resort Costa Rica at Peninsula Papagayo, Guanacaste
Proposed Six Senses Hotel & Branded Residences, Peninsula Papagayo, Guanacaste
Proposed Radisson Blue, Playa Hermosa
 
Grenada
Proposed Parc A Beouf Hotel Development, Parc A Beouf
 
Panama
Casi Cielo, Bocas del Toro
Bristol Panama, Panama
 
Puerto Rico
El San Juan Hotel, Curio Collection by Hilton, Carolina
El San Juan Resort & Casino, a Hilton Hotel, Carolina
El Conquistador Resort, a Waldorf Astoria Resort, Fajardo
 
St. Kitts and Nevis
Proposed Ritz-Carlton Friars Bay, Friars Bay
Proposed Park Hyatt, St. Kitts
 
St. Thomas / St. John
Proposed 130-room Boutique Hotel & 65-slip Marina, St. John
Coral Bay Marina Resort, St. Thomas
Proposed 150-room Embassy Suites, St. Thomas
Proposed 300-room Hyatt, St. Thomas
Proposed Embassy Suites Hotel, St. Thomas
Proposed Mandahl Bay Hyatt, St. Thomas
Proposed USVI Hotel and Villas, St. Thomas

My Articles

HVS Central Florida 2020 State of the Hotel Market

Orlando has long been distinguished as an iconic vacation destination by continuing its ranking as the No. 1 destination in the United States, according to Visit Florida. Since 2013, Orlando has reigned as the nation’s “Most Visited Tourist Destination.” With multiple factors driving Orlando’s appeal, hotel investors and developers are curious as to what is on the horizon for the hospitality market in Central Florida.

• February 21, 2020 By Donald C. Stephens Jr.

• Hotel Investments & Ownership , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Orlando , Florida , United States , North America