Canadian Lodging Outlook September 2003
Are You Choosing The Right Appraiser?
The Furture of Full-Service Hotel Development
This article discusses various aspects of Full-Service Hotel development in a post-recession economic recovery. Variables such as cost of capital, market demand, and market specificity are considered.
How Much Should I Pay for the Land?
This article discusses three alternate approaches to determining the value of land at a hotel site, in the absence of comparable land sales. The Allocation Method, Ground Lease Approach, and Land Residual Approach are discussed.
Hotel Valuation Techniques
The article presents three traditional income approaches that are used to estimate the market value of individual hotel assets. Each technique is illustrated by means of a unified case study that allows for a meaningful comparison of the techniques.
Canadian Lodging Outlook August 2003
Maybe The Reserve For Replacement Should Be 7% to 11% of Revenue
A Guide for Lenders Holding Distressed Hotel Loans
Today's lodging market has been hit hard by overbuilding and falling demand. As a result, many lenders are monitoring hotel loans that are not current in their debt service payments.
Hotel Valuation Thumb Rule
Steve Rushmore's October 2003 Hotels Monthly
Contrasting Fortunes of Bay Area Submarkets: Napa and Silicon Valley
In August 2002, the San Francisco office of HVS International published profiles of several hotel markets in the state of California including San Francisco (SF), Silicon Valley (SV), and Napa, among several others. This article updates and contras
Strong rates of return driving hotel development
At any given time 30% to 50% of HVS International's consulting practice involves preparing market feasibility studies and appraisals for proposed hotel developments. . . . The development of a garden-type, modified full-service hotel is provided as
Simultaneous Valuation: A New Capitalization Technique for Hotel and Other Income Properties
The simultaneous valuation formula is an algebraic equation developed for the capitalization of a variable income stream over a forecast period. This article weighs the strengths and weaknesses of traditional capitalization techniques.