A Mandarin-language version of the popular Hotel Valuation Software has been released by the Cornell Center for Hospitality Research (CHR), in conjunction with the Cornell Center for Real Estate and Finance (CREF). Available at no charge, the Hospitality Valuation Software is the number-one item on the CHR’s website with more than 7,000 user downloads. The new version of the Hotel Valuation Software is available on the CHR site at www.hotelschool.cornell.edu/research/chr/pubs/tools/hvsmandarin.html
The Hotel Valuation Software was originally launched as a CHR Tool in 2005 by Jan deRoos, the HVS Professor of Hotel Finance and Real Estate and the academic director of CREF, and Steve Rushmore, hotel valuation pioneer and founder of HVS, the global hospitality consulting firm. Since then, it has been updated twice with enhanced analytical capabilities and functionality. This is the first time the tool has been available in a language other than English.
"China is a key emerging market in hospitality real estate and development, and the Hotel Valuation Software will give owners, investors, and lenders an accurate and consistent way to forecast occupancy, revenues, and expenses and to perform hotel valuations. We are delighted to make the software available in Mandarin and expand the audience for this important tool," said deRoos.
About the Center for Real Estate and Finance
Established in 2009, the Center for Real Estate and Finance provides a platform for educating students, creating new knowledge through research activities, and exchanging information about real estate with a broad set of audiences. CREF is at the forefront of research in all areas of commercial real estate, from the study of the behavior of real estate assets in investment portfolios to an understanding of real estate capital markets to the science of hedging real estate risk. To learn more about CREF, visit www.cref.cornell.edu