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Valuating investments in the hotel sector - effectively

Book extract

In recent years the hotel industry has faced myriad challenges, be they technological, commercial, or strategic. This has attracted the attention of many real estate investors who see this segment as an innovative and performing investment opportunity. This is particularly true in a country like Italy, one of the top tourist destinations in the world. Hotel real estate takes on an essential role in the value creation process for tourism and hotel companies, contributing to qualifying tourist destination systems as well. Adopting an economic-corporate, financial, and real estate perspective, the authors analyze the approaches, tools, theories and practical methods for framing and valuing hotels, offering a comprehensive overview for real estate professionals, managers of hotel companies, and students in master courses on real estate and hospitality. Starting from the specialized international literature, the book presents valuation activities for hotel real estate from the viewpoint of the investor, setting down best practices for valuating this category of real estate in the increasingly complex context of contract relationships among real estate owners and hotel management. With scientific rigor, the authors investigate international valuation methods, and offer the principal professional practices for valuating companies and real estate, building a bridge between the economy of hotel companies and valuation of hotel properties. Offering several practical examples and concrete valuation cases, which readers can also access via financial models available on excel sheets, this book represents the first systematic effort made in this country to address the topic of hotel real estate investments in a comprehensive way. In doing so the authors combine an academic and professional perspective, fruit of their twenty-plus years of experience.

  • Publisher: EGEA
  • Series:Leading management
  • Date of Publication: : May 2020
  • EAN: 9788823837478
  • ISBN: 9788823837478
  • Pages: 384
  • Format: e-pub and paper (only on the EGEA website)

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