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Including contributions from the hospitality industry’s top investment experts, this must-read book focuses on current trends in hotel valuation, methodology and issues affecting hotel investment.
2012 年 4 月 23 日 根据Suzanne R. Mellen
Hotel Transaction Activity Slows, Cap Rates Rise (文件下载)
Major hotel sales activity was robust during the first half of 2011. Transactions have resumed but will continue to face headwinds in 2012 due to continuing economic and political uncertainty.
2012 年 2 月 23 日 根据Suzanne R. Mellen
The Hotel Industry Outlook- U.S. Hotel Transactions (文件下载)
Suzanne Mellen's Presentation at the ALIS Conference on January 23, 2012
2012 年 1 月 30 日 根据Suzanne R. Mellen
Dramatic Decline in Hotel Capitalization Rates Reflects Shift in Market Sentiment (阅读文章)
The increase in hotel transactions and low cost of debt and equity have driven down rates of return to pre-recession levels. This article sets forth an overview of recent hotel cap and discount rate trends and provides an outlook for 2011.
2011 年 1 月 21 日 根据Suzanne R. Mellen
The Impact of Seller Financing Upon Hotel Values (阅读文章)
Seller financing is becoming more prevalent in hotel real estate transactions. This analysis outlines contemporary thinking on seller financing while illustrating its impact on value in a hypothetical case study.
2010 年 1 月 25 日 根据Suzanne R. Mellen
Hotel Values in Transition - An Appraisal Technique for These Uncertain Times (文件下载)
Recent trends in hotel capitalization and discount rates are discussed and a basis for developing capitalization rates and discount rates in today’s uncertain market environment is set forth. And I have attached the edited
2009 年 1 月 26 日 根据Suzanne R. Mellen
Hotel Capitalization Rates on the Rise (文件下载)
With limited recent sales and survey data upon which to rely, capitalization and discount rates can be developed based on the current cost of capital. Suzanne Mellen, MAI outlines the approach.
2009 年 1 月 1 日 根据Suzanne R. Mellen
Hotel Cap Rates and Values in a Changing Market Environment (文件下载)
A summary on gauging just how much hotel values have been impacted by the recent stock market plunge and impending recession.
2008 年 1 月 30 日 根据Suzanne R. Mellen
Does Your Underwriting Adequately Compensate for the Timing of Future Cash Flow? (文件下载)
Investors are pursuing property turnarounds and repositionings to generate higher yields. Are investors and lenders adequately considering the increased risk of earning future cash flows?
2007 年 1 月 23 日 根据Suzanne R. Mellen
Hotel Capitalization Rates Bottom Out (文件下载)
Hotel capitalization rates have bottomed out, as rates of return remain at record low levels and NOI upside has begun to subside. This article updates data that were presented in a previous article on hotel capitalization rates.
2007 年 1 月 23 日 根据Suzanne R. Mellen
Canadian Lodging Outlook December 2005 (文件下载)
Low Cap Rates Drive Gains in Hotel Values
2006 年 2 月 9 日 根据Suzanne R. Mellen
Forecasting Market-wide Gaming Revenue (Win) for the Macau Special Administrative Region (文件下载)
Forecasting gaming revenue for the Macau SAR over the next five to seven years will be particularly challenging primarily due to the current extraordinarily high win per unit per day (WPUPD) and the unprecedented anticipated growth in supply.
2006 年 1 月 24 日 根据Suzanne R. Mellen与Shannon S Okada
Low Cap Rates Drive Gains in Hotel Values (文件下载)
Reduced interest rates and lower equity yield requirements have had a substantial positive impact on hotel values. Additional value gains are now being fueled by more aggressive deal underwriting, as discussed in this article.
2006 年 1 月 24 日 根据Suzanne R. Mellen
Canadian Lodging Outlook February 2005 (文件下载)
Low Interest Rates and High Demand for Hotel Assets Fuels Value Gains
2005 年 4 月 12 日 根据Suzanne R. Mellen
When investors and lenders call and ask “what are hotel cap rates today?” the first question is, “what net income are you using in your equation?”
2005 年 1 月 19 日 根据Suzanne R. Mellen
Low Interest Rates and High Demand for Hotel Assets Fuels Value Gains (阅读文章)
In this article the author explains how current low interest rates and high demand for hotel assets affect value gains.
2004 年 1 月 26 日 根据Suzanne R. Mellen
San Francisco Market Overview (阅读文章)
The San Francisco lodging industry has experienced a dramatic reversal of fortune over the last two years. In 2000, the San Francisco lodging industry was one of the hottest in the nation and posted its best performance ever.
2002 年 8 月 2 日 根据Suzanne R. Mellen与Madhuri R. Anji
The State of California represents a powerhouse within the U.S hospitality industry and we would like to take this opportunity to provide an overview of the state’s key markets during the current challenging operating environment.
2002 年 7 月 19 日 根据Suzanne R. Mellen
Strong rates of return driving hotel development (文件下载)
At any given time 30% to 50% of HVS International's consulting practice involves preparing market feasibility studies and appraisals for proposed hotel developments. . . . The development of a garden-type, modified full-service hotel is provided as...
1998 年 1 月 1 日 根据Suzanne R. Mellen
How Much Should I Pay for the Land? (文件下载)
This article discusses three alternate approaches to determining the value of land at a hotel site, in the absence of comparable land sales. The Allocation Method, Ground Lease Approach, and Land Residual Approach are discussed.
1996 年 1 月 1 日 根据Suzanne R. Mellen
The Furture of Full-Service Hotel Development (文件下载)
This article discusses various aspects of Full-Service Hotel development in a post-recession economic recovery. Variables such as cost of capital, market demand, and market specificity are considered.
1995 年 1 月 1 日 根据Suzanne R. Mellen
Simultaneous Valuation: A New Capitalization Technique for Hotel and Other Income Properties (文件下载)
The simultaneous valuation formula is an algebraic equation developed for the capitalization of a variable income stream over a forecast period. This article weighs the strengths and weaknesses of traditional capitalization techniques.
1983 年 4 月 1 日 根据Suzanne R. Mellen