First Quarter 2015: March Madness: Hotels Remain Hot

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https://hdl.handle.net/1813/70924
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Author
Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr.
Abstract
The borrowing cost of debt financing continues to remain stable, while the cost of equity financing has declined relative to the previous period. Mixed signals exist as to the future direction in the price of large hotel properties near term but prices for small hotel properties should continue to rise in the next quarter. We continue to hope that operating performance as measured by EVA will finally become positive at best and or continue to remain at breakeven at worst. This is report number 14 of the index series.
Date Issued
2015-04-01
Subject
Cornell; standard unexpected price (SUP); hotel indices; interest rate spreads; hotel investments; HOTVaL
Related to
Supplemental File: Hotel Valuation Model (HOTVAL). We provide this user friendly hotel valuation model in an excel spreadsheet entitled HOTVAL Toolkit as a complement to this report.
Related To:
https://hdl.handle.net/1813/72548.2
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Required Publisher Statement: © Cornell University. This report may not be reproduced or distributed without the express permission of the publisher.
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article

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