How Much Should I Pay for the Land?

October 28, 2003
By Suzanne R. Mellen, MAI, CRE, FRICS, ISHC

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About Suzanne R. Mellen, MAI, CRE, FRICS, ISHC

Suzanne R. Mellen, MAI, CRE, FRICS, ISHC is a Senior Managing Director, based in San Francisco, California. She has been evaluating hotels and other hospitality real estate assets for 40 years, has authored numerous articles, and is a frequent lecturer and expert witness on the valuation of hotels and related issues. Ms. Mellen has a BS degree in Hotel Administration from Cornell University and holds the following designations: MAI (Appraisal Institute), CRE (Counselor of Real Estate), ISHC (International Society of Hospitality Consultants) and FRICS (Fellow of the Royal Institution of Chartered Surveyors). Contact Suzanne at +1 (415) 268-0351 or [email protected].

1 Comments

Peter GaborJanuary 8, 2013

general info for clients required for hotel projects
- Suzanne R. Mellen, MAI, CRE, FRICS, ISHC January 8, 2013
  
  Peter, I received your comment. Please let me know if you need any other general information at this time. Regards, Suzanne

Summary

This article discusses three alternate approaches to determining the value of land at a hotel site, in the absence of comparable land sales. The Allocation Method, Ground Lease Approach, and Land Residual Approach are discussed.

1 Comments

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