Amy Schmidt

Consulting Experience

Amy Schmidt, a Vice President and leader in the Chicago office, is a market expert in the Midwest with a wealth of experience in the hospitality industry, spanning over a decade. As a seasoned commercial appraiser and consultant, she has underwritten and guided hundreds of hotel consulting projects in over 17 different states, with a focus in the Midwest region. She has experience with a wide range of hotel asset types, including limited-service hotels, full-service hotels, complex resorts, historic properties, and mixed-use assets, all in a variety of locations, such as rural, airport, suburban, and downtown markets. Services provided include feasibility studies, market studies, development consulting projects, and appraisals.

Amy’s proposed hotel consulting and valuation experience has included the following notable projects:

• Proposed Sable at Navy Pier Chicago Curio Collection by Hilton (Chicago, IL)
• Proposed Dual-Branded Hilton Garden Inn & Canopy by Hilton (Chicago, IL)
• Proposed Pendry Chicago (Chicago, IL)
• Proposed Hotel Royer Urbana, Tapestry Collection by Hilton (Urbana, IL)
• Proposed Hotel Milwaukee (Milwaukee, WI)
• Proposed Cabin and Glamping Site Recommendations (Various Markets, Midwest) 

• Fairmont Chicago Millennium Park (Chicago, IL)
• InterContinental Chicago Magnificent Mile (Chicago, IL)
• Talbott Hotel (Chicago, IL)
• theWit Chicago, a Hilton Hotel (Chicago, IL)
• Renaissance Chicago Downtown Hotel (Chicago, IL)
• Extended Stay America & WoodSpring Suites Portfolio (Various Markets, Midwest)

Testimonials

"Anne and team are wonderful to deal with, professional and experts in their field." – Greg Wilson, Acron

Employment History

February 2019 to present
HVS CONSULTING AND VALUATION SERVICES
Chicago, Illinois
 
September 2018 – February 2019
INLAND REAL ESTATE INVESTMENT CORPORATION
Oakbrook, Illinois
 
Summer 2018
KOHLER CO.
Kohler, Wisconsin
 
April 2016 – May 2018
THE SCHOOL OF HOSPITALITY BUSINESS, MICHIGAN STATE UNIVERSITY
East Lansing, Michigan
 
Summer 2017
SAGE HOSPITALITY
Denver, Colorado
 
Summer 2016
WESTMORELAND COUNTRY CLUB
Wilmette, Illinois
 
Summer 2015
GRAND GENEVEA RESORT & SPA
Lake Geneva, Wisconsin

Education

BA – The School of Hospitality Business, Michigan State University

Other Specialized Training Classes Completed:
Uniform Standards of Professional Appraisal Practice
Basic Appraisal Principles
Basic Appraisal Procedures
General Appraiser Income Approach (Parts I and II)
General Appraiser Market Analysis and HBU
General Appraiser Site Valuation and Cost Approach
Real Estate Finance, Statistics, Valuation Modeling
General Appraiser Report Writing and Case Studies
General Appraiser Sales Comparison Approach
Expert Witness for Commercial Appraisers
Commercial Appraisal Review
Advanced Income

Hotels Evaluated

Sample List for Illustrative Purposes
 
PORTFOLIO WORK
13 Extended Stay America Hotels, Greater Chicago Area
8 Hilton and Marriott Hotels, Various Locations
 
ALABAMA
Hyatt Place Birmingham Inverness, Birmingham
Hilton Garden Inn Montgomery East, Montgomery
WoodSpring Suites Birmingham Pelham, Pelham
 
ARIZONA
Hampton Inn Phoenix Chandler, Chandler
Proposed WoodSpring Suites at Price & Willis, Chandler
Proposed WoodSpring Suites Chandler, Chandler
Proposed WoodSpring Suites, Tolleson
 
IDAHO
Shilo Inn Idaho Falls, Idaho Falls
Shilo Inn Nampa Suites, Nampa
Proposed Downtown Rupert Hotel, Rupert
 
ILLINOIS
Holiday Inn Aurora North-Naperville, Aurora
Proposed Staybridge Suites Aurora, Aurora
Proposed Hotel Batavia, Batavia
Courtyard by Marriott Chicago, Bloomingdale
Residence Inn by Marriott, Bloomingdale
Canopy by Hilton Chicago Central Loop, Chicago
Carlton Inn, Chicago
Chicago Lake Shore Hotel, Chicago
Club Quarters Central Loop Chicago, Chicago
DeWitt Place, Chicago
Fairmont Chicago Millennium Park, Chicago
Gale Chicago, Chicago
Hampton by Hilton Chicago Downtown North Loop Michigan Avenue, Chicago
Hampton by Hilton Majestic Chicago Theatre District, Chicago
Hampton by Hilton, Chicago Downtown North Loop Michigan Avenue, Chicago
Hilton Suites Chicago Magnificent Mile, Chicago
Holiday Inn Express Chicago Magnificent Mile, Chicago
Holiday Inn Express Hotel Cass Chicago, Chicago
Hotel EMC2 Autograph Collection, Chicago
Hotel Felix, Chicago
InterContinental Chicago Magnificent Mile, Chicago
Kimpton Hotel Palomar Chicago, Chicago
Proposed Autograph, Chicago
Proposed Hampton Inn & Suites, Chicago
Proposed Hilton Garden Inn/Canopy, Chicago
Proposed South LaSalle Hotel, Chicago
Proposed Stob Hotel Chicago, Chicago
Renaissance Chicago Downtown Hotel, Chicago
Residence Inn Chicago Downtown Loop, Chicago
Sable at Navy Pier Chicago Curio Collection by Hilton, Chicago
Saint Jane Chicago, Chicago
SpringHill Suites by Marriott Chicago O'Hare, Chicago
Talbott Hotel, Chicago
Warwick Allerton Hotel Chicago, Chicago
Whitehall Hotel, Chicago
Wit a DoubleTree Hotel Chicago, Chicago
Red Roof Inn Chicago Northbrook, Deerfield
Proposed Holiday Inn Express, DeKalb
Proposed HIX Update, Des Plaines
Proposed Holiday Inn Express, Des Plaines
Holiday Inn Chicago Elk Grove, Elk Grove Village
Hampton by Hilton Decatur Forsyth, Forsyth
Quality Inn Forsyth, Forsyth
Proposed Hotel and Glamping, Fox Lake
Regal Inn Chicago O'Hare Airport Franklin Park, Franklin Park
Best Western Plus Chicago Hillside, Hillside
Eaglewood Resort & Spa, Itasca
Hyatt Place Chicago Itasca, Itasca
Proposed Holiday Inn Express, Itasca
Fairfield by Marriott Joliet South, Joliet
Holiday Inn & Suites Joliet Southwest, Joliet
Proposed Candlewood Suites Joliet, Joliet
Proposed SpringHill Suites by Marriott Joliet, Joliet
Proposed Lake Forest Hotel, Lake Forest
Red Roof Inn Chicago Lansing, Lansing
Proposed Tru, Lemont
Super 8 Mokena, Mokena
Proposed Tru Naperville, Naperville
Edward Hotel Chicago, Rosemont
Westin O'Hare, Rosemont
AmericInn Hotel & Suites Schaumburg, Schaumburg
Days Inn & Suites, Schaumburg
Hilton Garden Inn, Schaumburg
DoubleTree by Hilton Hotel Chicago North Shore Conference Center, Skokie
Proposed Holiday Inn Tinley Park, Tinley Park
Proposed Residence Inn, Tinley Park
Proposed Tapestry Collection by Hilton Urbana, Urbana
Motel 6 Chicago West Villa Park, Villa Park
Courtyard by Marriott Waukegan, Waukegan
 
INDIANA
Quality Inn Auburn, Auburn
Hilton Fort Wayne at the Grand Wayne Convention Center, Fort Wayne
Home2 Suites by Hilton Fort Wayne North, Fort Wayne
Hampton Inn, Goshen
Country Inn & Suites by Radisson Indianapolis Airport South, Indianapolis
Indy Lodge, Indianapolis
La Quinta Inn Indianapolis East Post Drive, Indianapolis
Proposed Marriott Indianapolis, Indianapolis
Courtyard by Marriott Kokomo, Kokomo
Candlewood Suites, Merrillville
La Quinta Inn Merrillville, Merrillville
Comfort Inn & Suites Michigan City, Michigan City
Dunes Inn Michigan City Hotel, Michigan City
Aloft South Bend, South Bend
Proposed Valparaiso Hotel, Valparaiso
Deluxe Inn Warsaw, Warsaw
Wyndham Garden Warsaw, Warsaw
Hilton Garden Inn West Lafayette Wabash Landing, West Lafayette
 
IOWA
Staybridge Suites Davenport, Davenport
Proposed 2525 Grand, Des Moines
 
KENTUCKY
Inn on Broadway, Lexington
 
MICHIGAN
Days Inn & Suites Benton Harbor, Benton Harbor
Hilton Garden Inn Benton Harbor Saint Joseph, Benton Harbor
Coldwater Inn & Suites, Coldwater
Courtyard by Marriott Flint, Flint
Residence Inn by Marriott Flint, Flint
Baymont Inn & Suites Grand Rapids Southwest Byron Center, Grand Rapids
Pine Mountain TimberStone Ski and Golf Resort, Iron Mountain
Hampton Inn Jackson, Jackson
Hampton by Hilton Detroit Southgate, Southgate
Delamar Traverse City, Traverse City
Select Inns Warren, Warren
 
MINNESOTA
Hyatt Centric Minneapolis Downtown, Minneapolis
 
NORTH CAROLINA
Days Inn & Suites by Wyndham, Forest City
 
NEW YORK
Super 8 Rochester Henrietta, Henrietta
 
OHIO
Proposed TownePlace Suites/ Fairfield Inn by Marriott, Beaver Creek
Hawthorn Suites by Wyndham Cincinnati, Cincinnati
Red Lion Inn & Suites, Dayton
Days Inn Grove City Columbus South, Grove City
Key Inn Macedonia, Macedonia
Best Western Lawnfield Inn, Mentor
Proposed SpringHill Suites, Troy
Best Western Park Hotel Warren, Warren
 
OREGON
Duniway Portland a Hilton Hotel, Portland
Hilton Portland Downtown, Portland
Shilo Inn Warrenton Astoria, Warrenton
 
PENNSYLVANIA
Fairfield by Marriott Lock Haven, Lock Haven
Ace Hotel, Pittsburgh
Hampton Inn & Suites Pittsburgh Airport South Settlers Ridge, Pittsburgh
Cambria Suites Washington, Washington
Woodlands Inn & Resort, Wilkes Barre
 
WASHINGTON
Shilo Inn Suites Ocean Shores, Ocean Shores
 
WISCONSIN
Proposed Bayfield Boutique Hotel, Bayfield
Sheraton Milwaukee Brookfield, Brookfield
Quality Inn & Suites East Troy, East Troy
Crossroads Motel, Elkhorn
Arena Motel, Green Bay
Hampton Inn Green Bay Downtown, Green Bay
Proposed Hotel Greendale, Greendale
Staybridge Suites Madison East, Madison
Inn on Maritime Bay, Manitowoc
Staybridge Suites Middleton Madison West, Middleton
Fairfield by Marriott Milwaukee Downtown, Milwaukee
Hampton Inn & Suites Downtown Milwaukee, Milwaukee
Proposed Hotel, Milwaukee
Four Seasons Island Resort, Pembine
Super 8 by Wyndham Kenosha Pleasant Prairie, Pleasant Prairie
Proposed Boutique Hotel Racine, Racine
Proposed Cobblestone Hotel Superior, Superior
 
WEST VIRGINIA
Proposed Bed & Breakfast, Buckhannon
Hampton by Hilton Fairmont, Fairmont

My Articles

Milwaukee's Rebounding Lodging Industry and Future Economic Growth

Following the impacts of the COVID-19 pandemic, Milwaukee is positioning itself as a sought-after destination for major events and continued economic growth. With a strong lineup of events, including the Republic National Convention in 2024, and ongoing developments in the city, Milwaukee's hotel market is set for a prosperous future.

• July 28, 2023 By Amy Schmidt

• Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Milwaukee , Wisconsin , United States , North America

Recent Lodging Trends and Outlook for Chicago, Illinois

Although supply growth has slowed in Chicago, it remains one of the most vibrant and active lodging markets in the United States. Recovery is anticipated to continue as business travel confidence builds further and occupied office space in the downtown market increases.

• April 3, 2023 By Amy Schmidt , Brian Arevalo

• Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Chicago , Illinois , United States , North America

HVS Market Pulse – Milwaukee, Wisconsin

Following nearly a decade of revitalization and growth, COVID-19 delivered a significant blow to Milwaukee similar to what was felt in nearby urban Midwestern cities. Despite Milwaukee’s longstanding history as a manufacturing powerhouse, as well as its strong financial and healthcare sectors, COVID-19 caused hotel demand to fall by 58% and ushered in a wave of work-from-home culture and major event cancellations. Where does Milwaukee go from here, and what was the impact of event cancellations?

• March 8, 2021 By Amy Schmidt

• Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Milwaukee , Wisconsin , United States , North America

HVS Market Pulse: Green Bay, the Home of the Packers

While Lambeau Field, the home field of the Green Bay Packers, has been around since the 1950s, the area surrounding it has undergone many transformations over the past decade given the success of the NFL team. In this article, we examine the market’s historical trends, the impact of the pandemic, and the outlook for Green Bay.

• February 18, 2021 By Amy Schmidt

• Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Green Bay , Wisconsin , United States , North America