Ersin Yildirim

Consulting Experience

Ersin Yildirim is an Associate Director working with HVS Middle East & Africa, specializing in Strategic Advisory, Operator Search, Management Contract Negotiations, and Asset Management. Since joining HVS, Ersin has been involved in a large number of assignments, negotiated management contracts, and undertaken feasibility and valuation studies across various markets in MENA. In addition, he is responsible for the development of HVS’ business in the region.
 
Prior to joining HVS, he was Development Manager for Accor Hotels in the Middle East. Ersin has worked closely with key institutional and private hotel owners and has gained a strong understanding of their hotel development strategies. Ersin further advises on hotel concept development and strategy, budget reviews and operational assessments.
 
Ersin holds a Master’s Degree in Tourism Economics and Management from University of Bologna, Italy and an MBA from Imperial College London, UK. 
 

My Articles

Hotel Valuation Index (HVI) 2021 Middle East & Africa

While the hospitality industry is incredibly robust and regularly adapts to changing market conditions, the 2020 global pandemic had a significant impact on travel and tourism globally and resultant hotel values. Arguably, hotel ownership and hotel investments are considered long-term investments as the value is based on the future income that the asset is likely to generate with values adopting the discounted cash flow method of valuation.

• September 28, 2021 By Hala Matar Choufany , Rishabh Thapar , Ersin Yildirim

• Valuations & Market Studies , Economic Trends and Cycles , Hotel Brands , Hotel Companies , COVID-19 , Middle East , Africa

Evolution of Hotel Management Agreements and Rise of Alternative Agreements

Hotels are complicated investments and evaluating the most suitable hotel operating model for a hotel investment is crucial to ensure that the owner’s return is optimized. This publication summarizes the evolution of a number key terms in the hotel management agreements and our outlook on how these key terms may evolve in the future, provides an overview of franchise agreements and highlights alternative agreements that are being considered by sophisticated owners in the Middle East region.

• September 28, 2020 By Hala Matar Choufany , Ersin Yildirim

• Travel & Tourism , Hotel Franchises , Hotel Management , Management Contracts , COVID-19 , Saudi Arabia , Oman , Kuwait , United Arab Emirates , Qatar