A collection of books and articles that provide an overview of hotel valuation techniques and procedures. This group of articles is divided into the following sections:
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Books and articles that provide a general knowledge of how to value a hotel. Topics covered in these books and articles are related to analyzing the local hotel market, projecting financial performance, and applying the proper discounting and capitalization techniques. Subsequent sections go into more depth on each of these topics.
These articles focus on specialized hotel valuations which often require a unique approach or knowledge. Topics such as valuing distressed hotels, investment valuations, motel valuations, valuing during economic downturns, rules of thumb and others are included in this section.
These articles written more than 30 years ago show how the hotel valuation methodology has evolved over time. The biggest change occurred with the introduction of the personal computer which provided the analyst significantly more number crunching power.
As the Founder of HVS with more than 50 offices all over the world- I always applied the same hotel valuation techniques for all regions we worked in. What produced different valuations were the local characteristics such as labor costs, financial structures, and operating and capital costs. These articles detail these differences and their impact on the final valuation.
This significant article traces the growth and development of the United States hotel industry from its early year to fairly recently. It describes the various supply and demand economic cycles, types of hotels, risk factors, and other important considerations for hotel appraisers and consultants.
This article demonstrates how to evaluate hotel trends such as supply and demand, rate, occupancy and REVPAR and values across macro and micro markets.
HVS has been the leader in producing highly detailed hotel appraisals and feasibility studies. Take a look at these sample reports.
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.
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 firstname.lastname@example.org
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.