Appraisal Institute book: Global perspective key to valuing hotels
Wednesday, July 11, 2012
A global perspective is critical when valuing hotels in the five major regions of the world, according to a new book by the nation’s largest professional association of real estate appraisers.
“Hotel Market Analysis and Valuation: International Issues and Software Applications” published this week by the Appraisal Institute, expands on the 2001 work, “Hotels and Motels: Valuations and Market Studies,” and widens the book’s focus to encompass the global market and discusses current issues in the lodging industry. Included with the purchase of this book is Hotel Valuation Software, a tool that appraisers can use to analyze hotel properties in any market.
“This book is unique in that it provides an in-depth, wide-reaching, up-to-date and technologically advanced discussion of the market analysis and valuation of hotels around the world,” Appraisal Institute President Sara Stephens, MAI, wrote in the book’s foreword. “This book contains a wealth of information that will prove to be valuable to appraisers who take on valuation assignments involving lodging properties.”
“Hotel Market Analysis and Valuation: International Issues and Software Applications” compiled by authors Stephen Rushmore, MAI; John O’Neill, MAI, Ph.D. and Stephen Rushmore Jr., MAI, covers the history of the hotel industry, supply and demand issues, hotel market studies, forecasting revenues and expenses, the valuation process and the current state of the lodging industry. A case study applies the concepts discussed, and step-by-step use of Hotel Valuation Software is explained with data from the case study.
“Hotel Market Analysis and Valuation: International Issues and Software Applications” is a 408-page hardcover book. It is available for $75 or $60 for Appraisal Institute members, call 888-756-4624 to order.
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