VALUATION REPORT CONTENTS FOR A TYPICAL HOTEL / GUESTHOUSE
- Summary of Salient Facts
- Neighbourhood
- The Site
- Buildings
- Market Conditions
- Hotel Industry:
- Visitors
- Competition
- Purpose & Function of Appraisal
- Definition of Market Value
- Sales Comparison Approach
- Income Approach:
- Introduction
- Potential Gross Income
- Occupancy Rate
- Other Income & Operating Expenses
- Capitalisation Rate
- Cost Approach
- Appraisal Process
- Reconciliation
- Market Value
- Insurance Value
- Limiting Conditions
- Location Plan
- Site Plan
- Photographs