The valuation of hotels and hospitality assets requires an in-depth knowledge of business operations, the local real estate market in which they operate and a deep understanding of the investment criteria of participants in the sector. Our Hospitality Valuation & Advisory team deal exclusively with hotel and hospitality assets and with their variety of skills gained from real estate, hotel operations, finance and asset management provide marketing leading advice.
Our experts provide a range of services including valuations for transactional, lending and regulatory purposes acting for a range of clients from global institutions, including lenders, operators and investors, to private individuals. We have experience in all major markets across EMEA dealing with budget hotels through to luxury resorts.
How We Can Help
Our team provides independent advice to financial institutions looking to lend against hotel and hospitality assets. Our team will deliver opinions on those factors influencing value including reviewing the asset’s location, the product quality, the local market dynamics and trading potential. Not only do we offer an in depth insight into the market and benchmarking of the hotel’s trading performance, we will provide opinions of those issues that may influence the security during the period of the loan.
We provide advice to investors looking to acquire or dispose of assets using our extensive market intelligence supported by our dedicated research and capital market teams. We will advise on market cycles and those issues that can drive value such as ownership structure, branding and capital expenditure.
We undertake independent valuations for financial reporting in accordance with financial regulations.
In addition to our valuation services, our expertise allows us to provide a range of advisory services including advising on ownership and operating structures, providing market studies and undertaking rental assessments and negotiations.
Adding Value – The Advantages Of Our Approach
Our hospitality valuation and advisory team has extensive experience across EMEA. We are regulated by the RICS and our valuers are Registered Valuers. You will receive considered and market facing advice, supported by in-house knowledge of the markets, trading parameters and operator competencies, delivered under a trusted global brand.
We have hotel and hospitality experts located throughout our global office network providing sector expertise. In addition, we are able to call on our network for wider commercial and local market knowledge as and when required.
We provide a comprehensive service led by one of our Partners in the team who will have an active and visible involvement throughout the process ensuring we are utilising the correct skills for the job as well as utilising the local market knowledge from across our office network. Our clients are at the heart of what we do and we offer bespoke reporting to meet their needs.
Experience and Resources
With over 1,600 valuation professionals in 130 offices, Cushman & Wakefield is one of the largest fully integrated property valuation advisors in the world. The Hospitality Group is a global specialist practice, reflecting the sector as a global business with over 30 specialist hotel and hospitality valuers in the EMEA region across 11 offices. With established specialist teams in the Amercias and Asia Pacific, we service global portfolios for our clients.
Last year our team of experts valued over 3,000 properties across the EMEA region advising on assets with a combined value in excess of €20bn.
Our valuation methodology encompasses a number of approaches, such as income capitalisation and discounted cash flow. We benchmark our conclusion against the evidence available in the market and our knowledge of the expectations of the investment community.
Examples of our recent instructions are detailed below:
Jurys Inn Portfolio, UK & Ireland
Our team undertook the valuation of the Jurys Inn portfolio for secured lending purposes as part of Pandox Hotels’ £800 million acquisition in what was the largest portfolio transaction in the UK in 2017. Not only did we advise on the existing portfolio but also on the proposed structure with their operational partner, Fattal Hotels.
Accor Hotels, Pan-EMEA & Asia
Our team is retained by Accor to provide regular valuations of a portfolio of 530 hotels across 15 countries in the EMEA region for accounts purposes highlighting the team’s ability to manage large scale portfolios utilising the sector expertise across our European network.
Ham Yard Hotel, London
We have provided valuation advice on Firmdale Hotel’s renowned luxury Ham Yard Hotel located in Soho for secured lending purposes. The hotel comprises 91 individually designed bedrooms and suites, 24 residential apartments, restaurant, bar, rooftop terrace, spa, gym theatre and bowling alley as well as 13 independent retail stores.
Gran Melia, Rome
We have provided valuation advice on the 5 star luxury Gran Melia resort hotel in Rome which is located in the shadow of the Vatican City. The hotel comprises 116 bedrooms, bar and restaurant, spa, outdoor swimming pool and terrace, attractive landscaped grounds and parking.