Hotel Capitalization, Discount & Terminal Rates
A collection of books and articles that provide an overview of hotel capitalization, discount, and terminal rates. This is the last step in a hotel valuation where the projection of Net Operating Income (NOI) is converted into an estimate of value using the mortgage-equity hotel valuation model. The selection of the appropriate rate is critical to deriving a supportable estimate of value.
Steve's online course "How to Value a Hotel"
Learn from the Creator of the Hotel Valuation Methodology
For the past 40 years, Steve has trained thousands of HVS associates, professional appraisers, consultants, brokers, and hotel school students on the art and science of hotel valuations. In addition, he has developed the most sophisticated software to perform hotel market studies and valuations. Now, Steve is available to personally teach you the necessary techniques and skills to quickly become proficient as a hotel appraiser/valuer.
Become a Certified Hotel Appraiser/Valuer
Advance Your Hotel Career- Become a Certified Hotel Appraiser or Certified Hotel Valuer
If you are an experienced appraiser looking to specialize in valuing hotels or a new valuer starting your career, you need to obtain a hotel valuation certification issued by the International Association of Hotel Appraisers.
By successfully completing an online course, you will become a Certified Hotel Appraiser (CHA) or a Certified Hotel Valuer (CHV) the world's only hotel valuation certification. Adding CHA or CHV certification to your resume and LinkedIn profile will certainly set you apart from all other
appraisers/valuers and industry professionals.
Experienced hotel appraisers can obtain the CHA certification based on their past education and hotel valuation experience. For more information on the criteria for obtaining the CHA certification based on experience- contact Steve Rushmore at steve@steverushmore.com
After successfully passing the online course you will receive a certificate suitable for framing (via email). Your name will also appear in a Directory of CHA and CHV members.
