This service is here at the courtesy of Mr Erik Van Keulen, who manages and directs the Singapore office of HVS INTERNATIONAL, a major hotel consulting and valuation firm born in US and spread across the globe.

At your convenience you may visit us to share some thoughts on various aspects of hotel consultancy important to you. And profound thanks to Erik for sharing his experience with our visitors.

AREAS TO CONSIDER WHEN VALUING RESORTS..
 

	WHAT IS DIFFERENT ABOUT RESORT HOTELS?
	Infrastructure
	Accessibility
	Guestroom Inventory
	Seasonality
	APPROACHES TO VALUE
	Cost Approaches
	Sales Comparison Approach
	The Income Capitalisation Approach
	THE PROCESS
	Step One: Fieldwork and Analysis
	Country and Market Area Overview
	Accessibility
	Level of Development / Hotel Supply
	Tourism / Hotel Market
	Step Two: Projection of Occupancy and Average Room Rate
	Occupancy Projection
	Subject Resort Occupancy Projection
	Subject Resort Average Rate Projection
	Step Three: Ten Year Projection of Net Income
	Step Four: Simultaneous Valuation Technique
	Proof of Value
	Step Five: Capital Expenditure Deductions
	CONCLUSION

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