Valuing hotels as business entities
Nilsson, M.
Valuing hotels as business entities - 2002 - Journal of Leisure Property 2(1) January 2002, 17-28(11) .
This paper gives an evaluation of the theoretical context and practical application of different methods of hotel baluation - in particular concentrating on the methods related to the income-generating capacity of a hotel. The findings show a wide range of variation between the methods. Concludes that the 'income-base' income capitalisation methods are the most effective basis for a framework on which to derive the open market value for a hotel, but that other approaches should also be used in order to arrive at the hotel's final value.
HOTEL VALUATION
METHODOLOGY
OPEN MARKET VALUE
INCOME CAPITALISATION APPROACH
LEISURE PROPERTY
REPLACEMENT COSTS
SALES COMPARISON
Valuing hotels as business entities - 2002 - Journal of Leisure Property 2(1) January 2002, 17-28(11) .
This paper gives an evaluation of the theoretical context and practical application of different methods of hotel baluation - in particular concentrating on the methods related to the income-generating capacity of a hotel. The findings show a wide range of variation between the methods. Concludes that the 'income-base' income capitalisation methods are the most effective basis for a framework on which to derive the open market value for a hotel, but that other approaches should also be used in order to arrive at the hotel's final value.
HOTEL VALUATION
METHODOLOGY
OPEN MARKET VALUE
INCOME CAPITALISATION APPROACH
LEISURE PROPERTY
REPLACEMENT COSTS
SALES COMPARISON