The broker vs. the appraiser: how to value a hotel
Article Abstract:
Brokers and appraisers value hotels based on market conditions and competitive environment. Brokers do not give much credence to cost or sales performances and look at hotel buyers to rely more on the income approach. Appraisers base their analysis in particular, on the supply and demand relationships and positioning of the hotel during and after renovations. They found hotel buyers to give more preference to direct-controlled savings, which increases the bottom line and raises the purchase price into the pro forma.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1997
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Hotel Land Values and the Ground Lease Approach
Article Abstract:
In the absence of recently negotiated ground leases for comparable site estimation, the formula involving percentages obtained from extended-stay products of today, as against limited-service hotels constructed during the 1980s, can be used.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2001
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Allure of hotel investments to moderate capitalization rates
Article Abstract:
The key variables that impact hotel capitalization rates in hotel transactions are examined.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2005
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