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Hotel Appraisal Services
It may be your first hotel, or you may be you require to add
another property or properties to your portfolio. Choosing
the right property is key to the success of your business,
and can be a “very” time consuming task. On many
occasions, the responsibility lies with the selling agent to
find you the right property and you could then end up dealing
with many different agents.
That is not always the best solution. Agents do have your best
interests at heart, but the end goal for them is always the
same … a sale. CHL can save time and money
by taking away from you the initial time consuming part of the
business and equally, issue you with a completely impartial view
together with a report that will always make the decision of
your purchase much easier.
Hotel & Hospitality Industry
With over 20 years experience in the hotel & hospitality
industry, having the operational experience, gives an insight and
natural ability to give a more in depth judgment of, not just the
business as it stands, but the future potential of the business.
Hotels are unique, representing commercial property that can tend
to be highly volatile with economic changes. Unlike office and
retail property, which benefit from long term leases, hotels must
sell each room … preferably every night!! CHL’s
analysis is a carefully study of these conditions and we know how
these conditions affect hotels. Our appraisal based knowledge is
balanced with hotel operations experience, having worked in and
managed hotels, so we know how they should operate.
Assisting your Business
Understanding that every request is different, but the basics
are the same when we start to search for property that fits your
needs on your existing portfolio. Below, is a basic outline of
how our services work:
- Initial meeting with the client to discuss their requirements,
locations, and business vision.
- Research property currently on the market for sale.
- Obtain sales prospectus and short list properties that match
the clients remit.
- Arrange a site visit to view potential property.
- Visit potential properties and carry out full site visit.
- Identify the potential business locally and nationally, potential
of corporate business, local leisure activities and the competition.
- Send a complete report of each site visit. Once the client has
read the reports, a meeting can be arranged to discuss the reports
in depth for each property that the client is interested in.
Contact Us today and
let us assist you with our Hotel Appraisal Services. |
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