Love them or hate them, hotels are a ubiquitous feature of modern life – and frequently of business appraisal. In their January 30 webinar, experts Mark Dayman and Kari Lazarova join BVR for an examination of the numerous valuation challenges posed by these deceptively simple businesses. Join them to learn what every business appraiser should know when appraising a hotel.

• Intro to hotel valuation for BV appraisers
• Standards of value
• Portfolio analysis
• Accounting fair value
• Eminent domain considerations
• Ad valorem tax
• Where a BV appraisal will not work
• Economic components of a hotel
• Development of value
• Value drivers
• Future market position
• Business income versus real property income
• Cost of capital for hotels
• Allocation of real property value
• Allocation of BV Intangible value
• Conclusions

• Learn how to apply common business appraisal techniques and analysis to a hotel appraisal
• Learn the importance of real property value in hotel operations and analysis as well as the importance of separating such value from business value
• Learn how optimize the appraisal process given information provided by the operations and marketplaces for hotels
• learn which common mistakes must be avoided to arrive at a sound conclusion of value