What It's Worth: Hotel Business Value

June 2016 PDF

BVR (editor)

Business Valuation Resources, LLC

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.

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Categories: industry analysis


Additional Product Details

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

Table of Contents



SECTION I: WHERE IS THE VALUE IN THE HOTEL INDUSTRY?

 

  • Hotel Valuation: Opportunities for Business Appraisers
  • Value Drivers And Considerations for Hotel Valuation

SECTION II: VALUATION METHODS AND CONSIDERATIONS FOR HOTELS

  • Special Issues in Valuation Hotels: Real Estate vs. Business Value
  • An Untapped Market: The Appraisal of Hotels as Going Concerns
    By Franz H. Ross, CBA, CVA, MRICS

SECTION III: CURRENT MARKET FOR HOTEL BUSINESSES

  • Current Market for Hotels
  • Buy-Sell Landscape for Hotels

SECTION IV: SELLING AND SUCCESSION PLANNING FOR HOTEL OWNERS

  • Succession Planning Builds Hotel Value

SECTION V: FINANCIAL AND VALUATION DATA FOR HOTELS

  • Hotel Valuation Multiples Based on Pratt's Stats
  • Pricing Hotels and Motels - Rules of Thumb
  • Hotel Financial Metric and Business Model Resources

SECTION VI: VALUATION AND THE COURTS

  • 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