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What It's Worth: Hotel Business Value

What It's Worth: Hotel Business Value

The lodging industry continues to grow and demand trends are expected to remain strong in 2016, creating a wealth of opportunities in this evolving industry. Whether you are looking to buy, sell, or value a hotel or motel, it’s important to consider hotel valuation from a number of different angles. From special considerations regarding associated real estate, to how to maximize the value of a hotel, BVR's new special report, What It’s Worth: Hotel Business Value, will help you do just that.

In this special report, the authors provide an overview of the opportunities available in the hospitality industry and walk readers through a detailed case study covering valuation considerations from estimating room revenues and expenses to applying a cost approach and asset allocation method. The report also includes recent U.S. statistics and metrics and a comprehensive review of the current market for hotels, rules of thumb for pricing a hotel, hotel valuation multiples, succession planning tips for hotel owners, and an extensive list of industry resources.

Highlights of the report include:

Master the unique methods and techniques of hotel valuation with a detailed case study: Get an overview of valuing hotels including approaches to derive the business value of the hotel apart from the underlying real estate
Stay current with the latest market information on hotels: Have the most up-to-date U.S. statistics and metrics on the landscape of the hotel industry
Get key benchmarking data to see how your subject company stacks up: With data from the premier database, Pratt’s Stats, better understand how your subject company compares to other privately owned hotels that have sold
Ensure a successful transition with key insights on succession planning: Explore all aspects of a succession plan and gain insight on the major considerations hotel owners or appraisers should take into account
Navigate the legal landscape of hotel valuation with eight important court cases: Get guidance from the courts on how they view different valuation methods related to hotels


INTRODUCTION
SECTION I: WHERE IS THE VALUE IN THE HOTEL INDUSTRY?
1. HOTEL VALUATION: OPPORTUNITIES FOR BUSINESS APPRAISERS
2. VALUE DRIVERS AND CONSIDERATIONS FOR HOTEL VALUATION
SECTION II: VALUATION METHODS AND CONSIDERATIONS FOR HOTELS
3. SPECIAL ISSUES IN VALUING HOTELS: REAL ESTATE VS. BUSINESS VALUE
4. AN UNTAPPED MARKET: THE APPRAISAL OF HOTELS AS GOING CONCERNS By Franz H. Ross, CBA, CVA, MRICS
SECTION III: CURRENT MARKET FOR HOTEL BUSINESSES
5. CURRENT MARKET FOR HOTELS
6. BUY-SELL LANDSCAPE FOR HOTELS
SECTION IV: SELLING AND SUCCESSION PLANNING FOR HOTEL OWNERS
7. SUCCESSION PLANNING BUILDS HOTEL VALUE
SECTION V: FINANCIAL AND VALUATION DATA FOR HOTELS
8. HOTEL VALUATION MULTIPLES BASED ON PRATT’S STATS
9. PRICING HOTELS AND MOTELS—RULES OF THUMB
10. HOTEL FINANCIAL METRIC AND BUSINESS MODEL RESOURCES
SECTION VI: VALUATION AND THE COURTS
11. HOTEL VALUATIONS IN THE COURTS: CASES OF NOTE
Augoshe v. Lehman
In re Premier Entertainment Biloxi
In the Matter of TCI 2 Holdings, LLC
In Re LMR , LLC
Okun v. Morton
Patel v. Patel
Shaffer v. Visaggio’s, Inc.
SHC Half Moon Bay, LLC v. County of San Mateo

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