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    Small Hotel/Motel Valuation

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    David C. Lennhoff, MAI, SRA, AI-GRS
    Class Time
    7 hours
    Full Price
    $145.00
    AI Price
    $120.00
    Course Description
    This seminar will give you an opportunity to examine the unique business aspects, demands, and challenges involved in appraising lodging properties - particularly the limited-service hotel. You’ll learn about the state of the industry, determine how it relates to a specific appraisal problem, and become familiar with hotel terminology. You’ll gain confidence in identifying data sources, review effective techniques for property inspection interviews, and recognize special valuation issues, such as allocating the going concern. This seminar also covers the Uniform System of Accounts for the Lodging Industry and how it applies to reconstructing income and expense statements.

    Who Should Enroll
    General real property appraisers
    AI CE Points
    Attend:
    75
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Online Online 08/26/2022 07/08/2025 18978
    AR CE 7 7 Online Online 05/07/2024 03/01/2026 AI021
    AZ CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    CA CE 7 7 Online Online 02/06/2023 07/08/2025 03754C738
    CO CE 7 7 Online Online 08/31/2022 07/08/2025 2266
    CT CE 7 7 Online Online 09/14/2022 07/08/2025 AAL.000978
    DC CE 7 7 Online Online 02/29/2024 02/28/2026 4024
    DE CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    FL CE 7 7 Online Online 09/13/2023 09/12/2025 0010658
    GA CE 7 7 Online Online 07/09/2022 07/08/2025 41183
    HI CE 7 7 Online Online 11/07/2023 12/31/2024 23-393
    IA CE 7 7 Online Online 09/01/2022 07/08/2025 A518-1246
    ID CE 7 7 Online Online 07/09/2022 07/08/2025
    IL CE 7 7 Online Online 01/01/2023 12/31/2024 575.001951
    IN CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    KS CE 7 7 Online Online 01/01/2024 12/31/2024 380.C24.N
    KY CE 7 7 Online Online 07/01/2024 05/30/2025
    KY CE 7 7 Online Online 07/01/2023 06/30/2024
    LA CE 7 7 Online Online 11/01/2021 07/08/2025
    MA CE 7 7 Online Online 07/09/2022 07/08/2025 120086
    MD CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    ME CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    MI CE 7 7 Online Online 08/23/2022 07/08/2025 3232
    MN CE 7 7 Online Online 05/01/2023 04/30/2025 1027442
    MO CE 7 7 Online Online 07/08/2019 07/08/2025
    MS CE 7 7 Online Online 07/09/2022 09/15/2024 MAB #49101
    MT CE 7 7 Online Online 08/30/2022 07/28/2025 REA-CEC-REC-15608
    NC CE 7 7 Online Online 01/01/2024 12/31/2024 4004
    ND CE 7 7 Online Online 09/05/2007 CE2715
    NE CE 7 7 Online Online 12/21/2022 12/20/2027 2122425.02
    NH CE 7 7 Online Online 12/15/2022 07/08/2025
    NJ CE 7 7 Online Online 09/21/2022 07/08/2025 2022-3466
    NM CE 7 7 Online Online 10/22/2022 07/08/2025 4158
    NV CE 7 7 Online Online 09/01/2023 06/30/2024 CE.0008811-A
    OH CE 7 7 Online Online 01/01/2024 12/31/2024 923403308A 23
    OK CE 7 7 Online Online 08/31/2022 07/08/2025 975
    OR CE 7 7 Online Online 07/09/2022 07/08/2025 APIN-C-0822-8940
    PA CE 7 7 Online Online 08/31/2022 07/08/2025
    PR CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    RI CE 7 7 Online Online 08/24/2022 07/08/2025 REA.0001923-CE
    SC CE 7 7 Online Online 09/01/2022 08/31/2024 DE 761
    SD CE 7 7 Online Online 09/01/2022 09/01/2025 SD 1095 CE
    TN CE 7 7 Online Online 02/06/2015 02/28/2025 1830
    TN CE 7 7 Online Online 03/01/2023 02/28/2025 1830
    TX CE 7 7 Online Online 07/09/2022 09/30/2024 TX Provider #:10 Course #: 44383
    UT CE 7 7 Online Online 04/01/2024 03/31/2026 AC240303
    VA CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    VT CE 7 7 Online Online 06/06/2019 03/16/2025
    WA CE 7 7 Online Online 08/25/2022 07/08/2025 A22022451
    WI CE 7 7 Online Online 08/16/2022 07/08/2025 82178
    WV CE 7 7 Online Online 07/09/2022 07/08/2025
    WY CE 7 7 Online Online 08/24/2022 07/08/2025
    Course Objectives
    • Recognize the distinction between segments of the lodging industry.
    • Examine the state of the industry and how it relates to a specific appraisal problem.
    • Recognize hotel terminology and illustrate its applications.
    • Identify sources of data—including general, background, income and expenses, occupancy, and rates.
    • Consider the importance of interviewing skills relating to property inspection, competitive property survey, and sales confirmation.
    • Recognize how the Uniform System of Accounts for the Lodging Industry applies to reconstructing income and expense statements.
    • Identify the strengths and weaknesses of the cost approach and sales comparison as they apply to hotel valuation.
    • Recognize valuation issues unique to this property type, such as allocating the going concern.
    Course Details

    Program Overview:
    Online Syllabus

    Assignments:
    No

    Equipment:
    None specified

    Additional Information:

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ 

    Course Materials & Recommended Books
    None specified
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $145.00 $120.00