OUR PRIMARY SERVICES INCLUDE
Hotel and Motel Appraisals
Feasibility and Market Studies
Expert Witness Testimony
Property Tax Appeals
We work nationwide with our appraisers maintaining many licenses as well as the ability to get temporary licenses, allowing us to work in all 50 states. View a map of where we work.
We specialize in hotels and motels only. Our valuation experience ranges from small independent motels to large, urban full-service hotels. We can evaluate single assets or portfolios.
We have worked with nearly all major brands and understand the differences in revenue that are driven by switching brands, and the often significant PIP renovations entailed. We have also worked with numerous independent and boutique hotels.
OUR APPRAISAL AND CONSULTING REPORTS ARE CONCISE, EASY-TO-READ, HEAVY ON CONTENT AND LIGHT ON FLUFF.
Every bid offers a 2 and 3 week price. On-Time Delivery is always guaranteed.
We have a standard report product, but can tailor the report to fit your needs, such as the inclusion of a specific valuation technique. Our reports are USPAP compliant and can feature MAI signatory.
Reports typically include an analysis of national trends and current market data from STR (Smith Travel Research) Trend reports.
WE BELIEVE THAT HAVING A LARGE QUANTITY OF CURRENT, VERIFIED MARKET DATA IS THE BASIS FOR EVERYTHING WE DO.
For this reason, we employ one full-time researcher and three part-time researchers who track current listings, hotel sales, new supply, and operating data. This is all incorporated into our propriety database that includes almost 50,000 hotels across the United States. We verify all of our sales with a source similar with the sale and never just rely on market reports, which are often incomplete or inaccurate. Our goal is to have the most comprehensive database of hotel sales and other data possible, exceeding any other firm or research company regardless of size. We employ as many researchers as appraisers to make sure of this.
ARE YOU CONSIDERING HOTEL DEVELOPMENT?
We are experienced with the development process and with the analysis of sites and markets to assess development potential. Our feasibility studies entail in-depth research of your market and proposed hotel to determine the project's financial feasibility. Our market studies vary based on the assignment, but can include a general assessment of a particular market or the study of which type of hotel development best suits the market. We can be as specific or as general as you need.