Valuation criteria, due diligence, financial analysis, and the drivers of real value
A hotel is not worth only what its real estate is worth. It is worth what the right people can turn it into. In hospitality, investment decisions are often domi…
Passive ownership is no longer the most compelling strategy in European hospitality. Capital is still interested in hotels, but the premium has shifted. Investo…
One of the most persistent and damaging misconceptions in hotel companies is the idea that minority shareholders who are not involved in management should simpl…
A hotel is not worth what it looks like. It is worth what it can generate, protect and sustain over time. That is what separates a true hotel valuation from a s…