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This update of the popular 2001 work, Hotels and Motels: Valuations and Market Studies, expands the discussion to encompass the global hotel market and current issues in the lodging industry. Included with the purchase of this book is Hotel Valuation Software, a valuable tool that appraisers can use to analyze hotel properties in any market.
Major topics covered in this text include:
The development of the hotel industry in Europe, South America, India, China, and the United States
Supply and demand issues
Hotel market studies
Forecasting revenues and expenses
The valuation process, and
The current state of the lodging industry.
A realistic case study is also included to illustrate the concepts discussed and demonstrate the valuation software.
Hotel Market Analysis and Valuation: International Issues and Software Applications is unique in that it provides an in-depth, up-to-date, and technologically advanced discussion of the market analysis and valuation of hotels around the world. It contains a wealth of current information that will prove useful to appraisers as well as hotel developers, investors and lenders.
About the Authors
Steve Rushmore, MAI, FRICS, CHA, is the chairman and founder of HVS, a global hospitality consulting organization with 30 offices around the world. Steve has provided consultation services for more than 15,000 hotels during his 40-year career and specializes in complex issues involving hotel feasibility, valuations, and financing. As a leading authority and prolific author on the topic of hotel feasibility studies and appraisals, Steve has written six textbooks and two seminars for the Appraisal Institute. He has also authored three reference books on hotel investing and has published more than 400 articles.
Dr. John W. O’Neill, MAI, CHE, PhD, has taught and conducted research in the area of real estate, branding, and strategy in the lodging industry at The Pennsylvania State University School of Hospitality Management and, in 2011, he was named director of the school. John is also a licensed real estate appraiser who has served as consultant to numerous public and private organizations and is frequently quoted on a variety of topics related to the hotel industry. He has written articles for The Appraisal Journal, Cornell Hospitality Quarterly, the Journal of Hospitality & Tourism Research, and the International Journal of Hospitality Management.
Stephen Rushmore, Jr., MAI, is president and chief executive officer of HVS. Stephen directs the worldwide operations of the firm and is responsible for future office expansion and new product development. In 2000 Stephen founded Roadfood.com, a website dedicated to finding the most memorable local eateries along the highways and back roads of America.