View Cart              2 Registrations in Cart

Welcome. If you are a returning student or member of the Appraisal Institute, please log in.  Select an Offering  |  View Cart  |  Forgot Password?  |  Create Login       Hotel Appraising: New Techniques for Today's Uncertain Times FULL   Date: January 8, 2010   Location: Greenbelt, MD     Local Area Topics     Category   Electives [E]   Attendance Hours   7.0   Current Price   $ 139.00 Member * $ 165.00 Regular * * includes late fee Late Fee   $ 40.00          Location     Name   Greenbelt, MD   City   Greenbelt   State   MD            Sponsor / Contact     Chapter   Maryland Website   www.ai-md.org   Contact Name   Tim McKenna   Email   mdai@assnhqtrs.com   Phone   (410) 752-3318   Fax   (410) 752-8295       Description     Seminar 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 HVS 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 Outline • Introduction and Overview of the U.S. Hotel Industry • Hotel Risks -Economic Life and Obsolescence (physical, functional and external) • Types of Hotel Facilities • New Hotel Products and Services • Historic Trends and Hotel Cycles • Current Hotel Economic Environment and Outlook for the Future • Franchising and Management Contracts • Product Segmentation and Consolidation • Hotel Valuation- Cost, Sales Comparison, Income • Hotel Valuation- Data Sources • Supply and Demand Room Night Analysis Model & Case Study • Income and Expense Forecasting Model & Case Study • Hotel Valuation Model & Case Study • Hotel Business and Personal Property Components     Equipment     Seminar Equipment Requirements Students need to bring their own personal computer containing a USB port and a charger. Class materials, software, and the complete PowerPoint presentation will be loaded on a flash disk and given to each student upon registration.     Disclaimer     Cancellation Policy Up To 15 days prior to program start date, $50.00 cancellation fee. 15 - 14 days prior to program start date, $100.00 cancellation fee. Less than 15 days prior to program start date, forfeit of payment.         LAPTOPS ARE REQUIRED! Cancellation Policy Up To 15 days prior to program start date, $50.00 cancellation fee. 15 - 14 days prior to program start date, $100.00 cancellation fee. Less than 15 days prior to program start date, forfeit of payment unless a student replacement is provided. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Other Information If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the right 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. The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% or better with your grade notification letter. If Appraisal Institute attendance records indicate attendance of less than 100%, the student will not receive a course completion certificate until all missed sessions are made up at a different offering of the course, within one year of the original course dates. The Maryland Real Estate Appraisers Commission requires 100% attendance for each 50-minute lecture hour and a passing grade on the exams. Partial credit is not awarded. Program materials will be picked up at the site.     Additional Information     Class sign-in begins at 7:30 am. Seiminar begins at 8:00 am. Lunch will be provided. LAPTOPS ARE REQUIRED.

The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with federal, state and local laws. Copyright © Appraisal Institute. All rights reserved.