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Welcome. If you are a returning student or member of the Appraisal Institute, please log in. Back to Schedule  |  Select an Offering  |  View Cart  |  Forgot Password?  |  Create Login       Hotel Appraisal Seminar     Date: February 27, 2010   Location: Orlando, FL     Local Area Topics     Category   Electives [E]   Attendance Hours   7.0   Current Price   $ 175.00 Member $ 225.00 Regular          Location     Name   Marriott   Address   8701 World Center Drive   City   Orlando   State   FL            Sponsor / Contact     Chapter   East Florida Website   www.eflai.org   Contact Name   Lauren Dowling   Email   Lauren@eflai.org   Phone   (407) 888-9480       Description     With the downturn in the U.S. economy and the resulting cutbacks in all types of travel, hotels are experiencing rapidly declining occupancies, room rates and profits. Coupled with a total lack of debt capital, hotel transactions have come to a complete halt and many hotel owners are under extreme stress because their property’s cash flow is insufficient to cover debt service. These are challenging times for hotel appraisers who must thoroughly understand the current hotel economic environment and apply the correct valuation techniques in order to develop a realistic estimate of value. This seminar provides hotel owners, operators and appraisers the tools, software and knowledge needed to evaluate the dynamically changing local supply and demand trends, quantify the relative competitiveness of nearby hotels, forecast occupancy, room rate and REVPAR, project a detailed income and expense statement and utilize the appropriate appraisal techniques to estimate market and liquidation values. In addition to hotel appraisals, this seminar also illustrates how hotel market and feasibility studies are performed. Seminar participants will work with Hotel Valuation Software, three state-of-the-art programs developed by HVS that forecasts hotel occupancy, room rate, income and expense and value. The HVS software programs and user manual, along with a demonstration hotel market study and valuation, a handbook on hotel investments and numerous research studies and articles will be included in each participant’s take-home package. Seminar’s Objective- To understand the current dynamics of the hotel industry and the various procedures for gathering, analyzing and processing data into a comprehensive market study and estimate of value for all types of hotels. Take-Home Material on the Flash Disk -Articles on Hotel Appraisals -Demonstration Hotel Appraisal -Hotel Investment Handbook -Hotel Research Publications -Hotel Valuation Software and Manuals     Equipment     Seminar Equipment Requirements Students need to bring their own personal computer loaded with Power Point and Excel and containing a USB port and a charger. Class materials, software, the presentation plus all items contained in the addenda will be loaded on a flash disk and given to each student upon registration which needs to be downloaded via the USB port.     Disclaimer     Cancellation Policy Up To 15 days prior to program start date, refund in full. 7 - 14 days prior to program start date, $50.00 cancellation fee. Less than 7 days prior to program start date, forfeit of payment.   Transfer Policy Up To 15 days prior to program start date, no transfer fee. 7 - 14 days prior to program start date, $25.00 transfer fee. Less than 7 days prior to program start date, no transfer allowed.     In order that we may comply with ADA, we need advance notice of any special needs you may have. Please provide written details of any special needs you may have under ADA on a separate page and send it in at least two weeks in advance in order that reasonable accommodations may be arranged. We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. Attendance: The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification or state continuing education credit that verify successful completion and attendance of 100% with your course grade notification letter; 100% attendance is required at seminars to receive continuing education credit. Materials will be picked up at registration. Program materials will be picked up at the site.     Additional Information     Saturday, February 27, 2010 Registration & Continental Breakfast, 8:00AM Seminar 8:30 AM - 4:30 PM LOCATION: Marriott Orlando World Center Resort 8701 World Center Drive, Orlando, FL Parking will be validated! HOTEL ROOM RESERVATIONS: 1-800-228-9290, Mention Appraisal Institute for a room rate of $150. This rate is available until January 29, 2010. This is a desination resort. Please see the website below for what this resort has to offer. •  www.marriottworldcenter.com

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