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| Tekijä: | Ganchev, O. |
| Otsikko: | Applying value drivers to hotel valuation |
| Lehti: | Cornell Hotel and Restaurant Administration Quarterly
2000 : OCT, VOL. 41:5, p. 78-89 |
| Asiasana: | Hotel management Hotel and catering industry Investment analysis Investment appraisal Cash flow |
| Kieli: | eng |
| Tiivistelmä: | The article is intended to serve as a valuation guide to hotel investing. It goes through the following four steps in estimating the value of a hotel asset: (1) Select the appropriate cashflow build-up approach; (2) Decide on the time horizon to fully implement a specific asset strategy; (3) Estimate tha value drivers and calculate the investment reversion; and (4) Discount the cash flow to the present. |
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