How To Perform A Study Of Your Property's Market
Most hotel/motel market studies and appraisals quantify the demand for transient accommodations using a factor known as a room night.
Selecting The Firm To Prepare Your Feasibility Study
Developing a new hotel or motel typically requires a feasibility study to verify market demand and to prove the project is economically viable.
Understanding Economic Life
Economic life is the period when improvements to a property contribute to property value. Hotels and motels have a definite life span of postive cash flow.
Don't Forget Your Waste Audit
Although you think you have audited and reviewed every aspect of your hotel's operations, i bet you have not performed a solid waste audit.
Canadian Lodging Outlook May 2002
The Global Approach To Hotel Valuations
A Neighborhood Business
In the July 2003 issue of hotels magazine, Jeff Weinstein's editorial addressed his observations made during the NYU hotel investment conference that even though various hotel industry leaders "don't know what the future holds" the usual list of indu
Canadian Lodging Outlook May 2003
Don't Worry About Room Rates
Hotel Life Expectancy
Hoteliers may be able to do something about functional obsolescence. But external obsolescence - the social and economic context of a hotel - is beyond a hotelier's control.
Now is the Time to Review Your Hotel's Property Tax
During periods of economic stress in the hotel industry, smart owners and operators carefully review their hotel's property tax assessment to determine whether there is sufficient justification to seek a reduction.
Property Tax Assessments for Hotels and Motels
One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.