The 2009/10 hotel development survey reports updated per-room development costs through the end of 2010. This year's survey reveals a range of factors impacting the turnkey cost of hotel development.”
Highlights of the recent changes in the 36 European markets analysed in the HVS annual European Hotel Valuation Index, in terms of trading performance and transactions, as well as an indication of the anticipated hotel values by the end of 2010
Steve Rushmore participates in the Appraisal Institute’s “Debate on the Allocation of Hotel Total Assets” via Webinar.
HVS recommends using regression models to measure the impacts of convention centers on their surrounding hotel markets.
Seller financing is becoming more prevalent in hotel real estate transactions. This analysis outlines contemporary thinking on seller financing while illustrating its impact on value in a hypothetical case study.
Steve Rushmore's January 2009 article for Lodging Hospitality magazine.
HVS Hodges Ward Elliott reviewed and analysed the prospects for hotel refinancing in the current environment following a survey conducted amongst the hotel teams of a number of leading European banks.
In 2009, HVS provided valuation and expert testimony for the Yellowstone Club in US Court. The appraisal of the private club, resort and master planned community, financed by Credit Suisse, shares insights into causes of the global financial crisis.
The 2009 U.S. Hotel Valuation Index (HVI), tracking 65 major markets and the United States as a whole, discusses the historical and projected impact of the credit crisis and resultant recession upon U.S. hotel values.
Lenders who originated loans in 2006 and 2007 in the peak of the economic cycle should now be closely monitoring the performance of these loans to develop strategies to mitigate risk and exposure as economic conditions are now vastly different.