Joseph Pierce, MAI

Director of Appraisal & Consulting Services

Joseph Pierce, MAI
14805 Detroit Avenue, Suite 420, Cleveland, Ohio 44107
Phone: 216-810-5803
Fax: 216-228-7320

Education

  • Master of Business Administration in Hospitality Management, Michigan State University
  • Bachelor of Science in Accounting, State University of New York at Brockport
  • Completed requirements and passed exam to be Certified Public Accountant
  • Completed requirements and passed exam to achieve the Appraisal Institute’s MAI desingation

State Certification

  • Holds license as a Certified General Real Estate Appraiser in Ohio, Indiana, Illinois, Michigan, and Pennsylvania

Professional Affiliations

  • Appraisal Institute, MAI Designated Member
  • Michigan State University Alumni Association
  • Hospitality Financial and Technology Professionals
  • World Waterpark Association
  • Ohio Travel Association
  • Ohio Hotel and Lodging Association
  • National Ski Areas Association
  • National Golf Foundation

Experience

  • Director of Appraisal & Consulting Services, Hotel & Leisure Advisors, Cleveland, Ohio (Other titles held during tenure at H&LA include, Project Manager and Senior Associate)
  • Senior Associate, US Realty Consultants, Inc., Cleveland, Ohio
  • Controller, Clarion Hotel Cleveland Airport West, Cleveland, Ohio
  • Director of Finance and Accounting, Renaissance Cleveland Hotel, Cleveland, Ohio
  • Director of Finance and Accounting, South Bend Marriott, South Bend, Indiana
  • General Manager and Controller, The Talbott Hotel, Chicago, Illinois
  • Assistant Controller and Cost Analyst, Westin Hotels, Rosemont, Illinois and Detroit, Michigan

Joseph has been a hospitality consultant and appraiser since 2003. He prepares appraisals, market feasibility studies, economic impact studies, and impact studies for hotels and leisure property throughout the United States. Joseph is an MAI designated appraiser with a wide range of experience in operations and accounting for hotels and resorts. He has worked with various major hospitality brands and management companies as part of numerous assignments and has extensive knowledge of brand criteria, best practices, and current market trends.

Published Articles

  • “Hotel Market in Grand Rapids Continues to Boom,” Hotel Online, July 2019
  • “Gaming a Winning Bet in Ohio,” Hotel Online, October 2016
  • “Public-Private Partnerships for Hotels,” Hotel Online, May 2015
  • “Performance Soars at Hotels Connected to Airport Terminals,” Hotel News Now, March 2013
  • “The Ground Rent Alternative” Lodging Hospitality, December 2011
  • “2009 Median Hotel Prices Plummet – Is it Time to Appeal Your Property Taxes?” Hotel Online, November 2009
  • “Dealing with an Economic Downturn: Ten Ideas for Hotels and Resorts” Hotel Online, December 2008
  • “Ohio’s Lodging Market: Historical Analysis & 2006 Forecast,” Hotel Online, March 2006
  • “Cleveland’s Lodging Market: a Slow Climb Back,” Hotel Online, February 2005
  • “Cleveland Market at Bottom with Improvement Predicted” Hotel Online, January 2004

Litigation Assignments Involving Expert Testimony

  • Ohio Board of Tax Appeals & BOR (2018)
    Thistledown Racetrack, North Randall, Ohio
  • Cuyahoga County Board of Revision (2018)
    TownePlace Suites and Courtyard by Marriott, Middleburg Heights
  • Hamilton County Board of Revision (2018)
    TownePlace Suites, Blue Ash
  • Cuyahoga County Board of Revision (2014)
    Thistledown Racetrack, North Randall
  • Cuyahoga County Board of Revision (2010)
    Ritz Carlton Hotel, Cleveland