Market Report

Canadian Lodging Outlook June 2008

August 14, 2008

How Does Debt Financing Impact the Value of a Hotel?

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Carrie Russell

Senior Managing Partner

Over the course of her 20-year career with HVS, Carrie has been involved with appraisals and/or feasibility studies for over 2,000 hotel properties throughout Canada and the United States. She speaks regularly at industry conferences and has authored several articles on various topics relevant to the industry. As a member of the Appraisal Institute of Canada and the US Appraisal Institute, Carrie combines her hotel industry experience and education with her real estate credentials to assist clients in making informed hotel investment decisions. Phone: (604) 988-9743 Email: [email protected]

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