Valuation of Hotels for Investors [Paperback]

This book provides detailed, up-to-date knowledge that will help property professionals become successful in the hotel market. The book includes a range of valuation practices and shows the reader the most effective way to read, manage and work their way through this highly competitive market.

The author focuses on current methodology and practice within the hotel market, the market trends and legalities which will change or amplify those practices, and further sets out property investment options with real examples.

1. Background and Setting the Scene   2. The Purpose of the Valuation and Statutory Guidance   3. Basic Valuation Methodologies for Capital Valuations   4. Basic Valuation Methodolgy for Annual Valuations   5. The Essentials  Getting to the sustainable EBITDA or Divisible Balance   6. Queries Affecting Hotel Value   7. The Treatment of CapEx   8. Yield Selection for VP Properties   9. The Fundamentals of the Hotel Investment Market   10. Yield Selection for Investments   11. Establishing the Market Rent for a Property   12. Assessing the Rateable Value of a Hotel   13. Site Values  How they are determined   14. Forced Sales Values   15. Professional Negligence in Hotel Valuations