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Stephen Sherf has over 30 years of operational and consulting experience in the hospitality industry. He spent 15 years with a large national public accounting firm, where he was the partner-in-charge of the consulting division in the upper Midwest. Subsequent to that position, he founded Midwest Hospitality Advisors where he provided hotel and gaming consulting services that he eventually merged into GVA Marquette Advisors. His industry experience includes four years as VP-Development with a regional hotel company. |
| Mr. Sherf has prepared market studies and financial projections for all types of hotels in both large and small markets throughout the United States. He has also worked on more than 150 gaming projects located in 27 states and three Canadian provinces. These projects include feasibility studies for both new and expansions of existing casinos and racinos, market studies for casino amenities, business diversification studies, market share analysis under different competitive scenarios, and new market development potential assessments. Mr. Sherf has particular expertise in lodging market assessment, gaming demand modeling, financial projection modeling, and financial statement analysis. | |
| Mr. Sherf also has a broad background of consulting assignments for income producing real estate developments that includes market studies, valuations, appraisals, acquisitions and sales. These assignments have included hotels, casinos, golf courses, nursing homes, elderly housing, subsidized and market rate housing, convention centers, ice arenas, restaurants and business plans for new ventures. | |
| Operating positions held during Mr. Sherf’s career include restaurant manager, auditor, Vice President of Development for a hotel company and Chief Financial Officer for a Colorado gaming company. | |
| He has provided expert witness testimony relating to the valuation of hotels and restaurants and business interruption damages for casinos. He has taught continuing education seminars attorneys and bankers, and has spoken on the subjects of market study techniques and economic impact at gaming and investment conferences. He has been a guest lecturer at the University of Minnesota Graduate School of Business and Stout University. | |
| Mr. Sherf received an undergraduate degree in economics and an MBA in finance from Cornell University. He is a Certified Public Accountant (inactive), has held a Colorado Gaming license, and holds a Minnesota Real Estate license. | |