FacultyFaculty/Author Profile
Michelle S. Russo

Michelle S. Russo

Hotel Asset Value Enhancement, Inc.
President and CEO
Providence, RI, USA

Michelle S. Russo, CHAM, MAI, CHA, has more than 30 years of practical, hands-on experience with hotels, restaurants, resorts, convention centers, real estate, and finance. She has worked on thousands of hotel assets across the United States and in 2003, founded Hotel Asset Value Enhancement. While Russo oversees the practice, she is very involved in strategic asset positioning, management contract negotiations, and interacting with senior-level brand and management executives on behalf of the portfolio. Ms. Russo has been named one of the 30 Influential Women in Hospitality by Hotel Management Magazine (October 2017) and one of 20 Women in Lodging by Lodging Magazine (September 2015).

Prior to founding hotel AVE, Russo was vice president, senior leisure analyst for Deutsche Banc Alex Brown where she also garnered capital markets experience. Her experience on Wall Street forced her to be very forward-focused. Russo also managed a $500 million portfolio for John Hancock Mutual Life Insurance Company where she improved the portfolio and achieved 20 percent cash-on-cash returns. She is well-known for initiating the legal action taken in the 2660 Woodley Road case in which Hancock was originally awarded $52 million. In addition, Russo was responsible for changing the property’s management and overseeing a $100 million repositioning renovation of the 1,500-room convention hotel.

Ms. Russo is a regular guest lecturer at Cornell University and has appeared on CNBC and CNN to provide commentary on the hospitality and leisure industry. She was recently published in both Hotel News Now and Hotel Business and has been invited as a speaker at numerous industry conferences such as New York University, Urban Land Institute, Boston University, Distressed Hotel Summit, and Hunter Hotel Conference. Ms. Russo serves on the dean’s advisory board for Cornell University’s School of Hotel Administration. She is also a member of ULI’s hotel council, Marriott’s distribution strategy advisory committee, the AHLA’s financial management committee, formerly on the Morgans board of directors, SC Johnson School and the Pillsbury Institute for Hospitality Entrepreneurship advisory board at Cornell University.

Russo earned a Bachelor of Science from the School of Hotel Administration at Cornell University.
Michelle S. Russo is associated with the following items:
CHB Chapters  CHB Chapters hotelAVE Hospitality Dashboard (December 4, 2017) - Hotels 2018: Law and Practice, Thursday, February 01, 2018

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