Small Hotel/Motel Valuation

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Who should enroll General real property appraisers
Description This seminar will give appraisers an opportunity to examine the unique business aspects, demands, and challenges involved in appraising lodging properties—particularly the limited-service hotel. Participants will discuss the state of the industry, determine how it relates to a specific appraisal problem, and become familiar with hotel terminology. They will 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.
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.
Prerequisites None


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    35
  • Attended Only:

    35
  • Attended Only:

    35
7 hours
90
No
No
N/A
Basic
Classroom Recommendations and Requirements None specified Synchronous Recommendations and Requirents
Classroom Requirements

Online Education FAQ 

Synchronous Requirements
None specified

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.
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Other Details
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Classroom Offerings

No offerings at this time

Synchronous Offerings

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