Steady Cap Rates Support Strong Hotel Value Gains in the USA

Hotel values reached new peak levels in 2014, fueled by stellar hotel performance, and the availability and low cost of capital. Capitalization rates held steady as competition for quality assets remained strong.
Suzanne R. Mellen, MAI, CRE, FRICS, ISHC is the Senior Managing Director and Practice Leader of HVS Consulting and Valuation. 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


  1. Angus WilkinsonJan 26, 2015

    Excellent article. Thank you

  2. Maggie NgJan 26, 2015

    Thank you for the report

  3. Denis H CamilleriJan 29, 2015

    Very informative keeps us up to date on hotel valuations. Thanks Suzanne

  4. LorrainaFeb 20, 2015

    good to hear from you

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