Hotel Valuation Index (HVI) 2021 Middle East & Africa

While the hospitality industry is incredibly robust and regularly adapts to changing market conditions, the 2020 global pandemic had a significant impact on travel and tourism globally and resultant hotel values. Arguably, hotel ownership and hotel investments are considered long-term investments as the value is based on the future income that the asset is likely to generate with values adopting the discounted cash flow method of valuation.


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Hala Matar Choufany is the President for HVS Middle East, Africa & South Asia and Managing Partner of HVS Dubai.
Hala is an experienced Managing Partner and Hospitality Advisor with a demonstrated history of working in the hospitality industry. Skilled in Contract Negotiation, Feasibility Studies, Development Recommendation, Valuation, Asset Management, and Strategic Advisory; she has advised on more than 2,500 hospitality and mixed-use projects in the last 15 years across Europe, MEA and Asia. Hala has in-depth expertise in regional hotel markets and a broad exposure to international markets and maintains excellent contacts with developers, owners, operators, investment institutions and government entities. Hala speaks frequently at investment coneferences on a range of topics including asset valuation, management issues and women leadership.
Hala completed Executive Education at Harvard Business School.  She also holds an MBA in Finance and Strategy from IMHI (Essec- Cornell) University, Paris, France and a BA in Hospitality Management from Notre Dame University, Lebanon. Hala is fluent in English, French and Arabic.
Hala is a board member of Harvard Business School club of the GCC and is a mum of three. Born in Beirut, Hala lived and worked in a number of cities across Europe, Asia and Middle East.

For more information, contact Hala at [email protected].
Rish is a Director at HVS MEA. Prior to joining HVS, he held various managerial positions in luxury hotel operations, pre-opening, and project management. He has more than 15 years of experience in hotel realty across 35 countries and has successfully completed several strategic assignments for some of the best-in-class international hotel companies, brands, family businesses, and institutional investors in the hospitality sector. His hotel valuation experience spans business hotels, leisure resorts, luxury camps, and large international hotel portfolios. Rish holds a Bachelor of Business Administration degree and a First-Class Honors degree in Hotel Management from the University of Huddersfield. He is a Chartered Surveyor and a Member of the Royal Institute of Chartered Surveyors (MRICS). Contact Rish at [email protected].


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