Small Hotel/Motel Valuation
This seminar will give you an opportunity to examine the unique business aspects, demands, and challenges involved in appraising lodging properties - particularly the limited-service hotel. You’ll learn about the state of the industry, determine how it relates to a specific appraisal problem, and become familiar with hotel terminology. You’ll gain confidence in identifying data sources, review effective techniques for property inspection interviews, and recognize special valuation issues, such as allocating the going concern. This seminar also covers the Uniform System of Accounts for the Lodging Industry and how it applies to reconstructing income and expense statements.
Recognize the distinction between segments of the lodging industry. Examine the state of the industry and how it relates to a specific appraisal problem. Recognize hotel terminology and illustrate its applications. Identify sources of data—including general, background, income and expenses, occupancy, and rates. Consider the importance of interviewing skills relating to property inspection, competitive property survey, and sales confirmation. Recognize how the Uniform System of Accounts for the Lodging Industry applies to reconstructing income and expense statements. Identify the strengths and weaknesses of the cost approach and sales comparison as they apply to hotel valuation. Recognize valuation issues unique to this property type, such as allocating the going concern.
