Most hotel/motel market studies and appraisals quantify the demand for transient accommodations using a factor known as a room night.
Developing a new hotel or motel typically requires a feasibility study to verify market demand and to prove the project is economically viable.
Economic life is the period when improvements to a property contribute to property value. Hotels and motels have a definite life span of postive cash flow.
Although you think you have audited and reviewed every aspect of your hotel's operations, i bet you have not performed a solid waste audit.
The Global Approach To Hotel Valuations
In the July 2003 issue of hotels magazine, Jeff Weinstein's editorial addressed his observations made during the NYU hotel investment conference that even though various hotel industry leaders "don't know what the future holds" the usual list of indu
Don't Worry About Room Rates
Hoteliers may be able to do something about functional obsolescence. But external obsolescence - the social and economic context of a hotel - is beyond a hotelier's control.
During periods of economic stress in the hotel industry, smart owners and operators carefully review their hotel's property tax assessment to determine whether there is sufficient justification to seek a reduction.
One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.