Katy Black, MAI

Managing Director, Denver

Consulting Experience

As Managing Director and Leader of the HVS Consulting & Valuation practice in Denver, Katy Black, MAI, is an appraisal and consulting expert in lodging markets throughout the United States. With over 15 years of industry experience, she is skilled in providing valuations, market and feasibility studies, and other consulting services on a variety of asset types, including limited-service motels, convention-center hotels, experiential resorts, casino hotels, golf resorts, and mixed-use developments, as well as branded residences and rental-management programs. Katy specializes in complex resorts, condo-hotels, resort-residential properties, and ultra-luxury assets. She offers diverse, tailored, and specialized deliverables with a scope of work that can be refined to meet a variety of client needs and budgets.

Katy provides a wide range of solutions for her clients, including the following:

  • Hotel, resort-residential, and branded-residential market and demand studies
  • Feasibility analyses and studies for proposed hospitality and mixed-use projects
  • “As is” and prospective USPAP-compliant valuations for proposed developments, existing hotels, resorts, and mixed-use assets
  • Feasibility studies and valuations for EB-5, USDA, and PACE financing
  • Purchase price allocations
  • Tax studies and projections for specific projects (including projections for bond financing)
  • Resort residential product recommendations
    • buyer profile and demographics
    • ideal unit sizes and configurations
    • mix of sold vs. owned units
    • likely rental management program (RMP) participation
    • target price points
  • Hospitality product recommendations
    • key count
    • guestroom sizes and configurations
    • food and beverage outlets
    • meeting space
    • parking and resort fees
    • other facilities and amenities
A sample of her consulting and appraisal experience in key categories is presented below. For confidentiality purposes, the majority of Katy’s experience with proposed assets, which is extensive, has not been disclosed. A more refined list of market-specific experience can be provided upon request.

Luxury Resort Experience – Mountain West Region
  • Four Seasons Jackson Hole Resort (Teton Village, WY)
  • Montage Big Sky Resort (Big Sky, MT)
  • Madeline Hotel & Residences, Auberge Resorts Collection (Telluride, CO)
  • Four Seasons Vail Resort (Vail, CO)
  • Park Hyatt Beaver Creek (Beaver Creek, CO)
  • Amangiri Resort (Canyon Point, UT)
  • Ritz-Carlton Lake Tahoe (Truckee, CA)
  • Pendry Hotel & Branded Residences (Park City, UT)
  • Lodge at Edgewood Tahoe (Stateline, NV)
  • Cal-Neva Lake Tahoe – Proposed Proper Hotel (Crystal Bay, NV)
  • Ritz-Carlton Bachelor Gulch (Avon, CO)
  • Amangani Resort (Jackson, WY)
  • Grand Hyatt (Vail Colorado)
  • Viewline Resort, Autograph Collection (Snowmass, CO)
National Resort Experience
  • Oasis at Death Valley (Death Valley, CA)
  • La Quinta Resort & Club (La Quinta, CA)
  • The Phoenician (Scottsdale, AZ)
  • Ventana Inn & Spa (Big Sur, CA)
  • Monarch Beach Resort & Club (Dana Point, CA)
  • J.W. Marriott Desert Ridge (Phoenix, AZ)
  • Arizona Grand Resort (Phoenix, AZ)
  • Mayacama Golf Club (Santa Rosa, CA)
  • The Battery (San Francisco, CA)
  • Mountain Shadows Resort (Paradise Valley, AZ)
  • Sunriver Resort (Sunriver, OR)
  • Grand Wailea, a Waldorf Astoria Resort (Wailea, HI)
  • Four Seasons Resort (Hualalai, HI)
  • W South Beach Hotel & Residences (Miami Beach, FL)
  • Fontainebleau (Miami Beach, FL)
  • Dorado Beach, a Ritz-Carlton Reserve (Dorado, Puerto Rico)
In addition to resort-style hotels, Katy has worked extensively on unique lodging properties, such as glamping resorts, gaming properties, hostels, extended-stay hotels, and waterpark resorts.
 
Katy is a state-certified general appraiser and a Designated Member of the Appraisal Institute (MAI). She graduated from the University of Delaware with an honors BS degree in Hotel, Restaurant, and Institutional Management and earned her MS in Accounting from the University of Akron.

Connect with Katy on LinkedIn.