eCommons

 

A Comparison of Hotel Indices with Hotel Properties and Portfolios

Other Titles

Abstract

Thanks to the availability of transaction data and the work of Real Capital Analytics (RCA), hotel operators and investors now have access to indices that track the price appreciation of hotels.1 RCA’s data is one basis of the recently developed Cornell Real Estate Market Indices, which track hotel transaction prices. While the technology used to create these indices has been around for decades,2 the major limitation was the availability of reliable transactions data. Now that we have such indices, the question this paper seeks to address is to determine the extent to which the indices track a hotel investor’s portfolio. By determining how representative these indices are of the price appreciation we actually observe in hotels, we can examine the usefulness of these indices for benchmarking a hotel investor’s portfolio.

Journal / Series

Volume & Issue

Description

Sponsorship

Date Issued

2014-06-01

Publisher

Keywords

Cornell; real estate; finance; Real Capital Analytic; hotels

Location

Effective Date

Expiration Date

Sector

Employer

Union

Union Local

NAICS

Number of Workers

Committee Chair

Committee Co-Chair

Committee Member

Degree Discipline

Degree Name

Degree Level

Related Version

Related DOI

Related To

Related Part

Based on Related Item

Has Other Format(s)

Part of Related Item

Related To

Related Publication(s)

Link(s) to Related Publication(s)

References

Link(s) to Reference(s)

Previously Published As

Government Document

ISBN

ISMN

ISSN

Other Identifiers

Rights

Required Publisher Statement: © Cornell University. This report may not be reproduced or distributed without the express permission of the publisher.

Rights URI

Types

article

Accessibility Feature

Accessibility Hazard

Accessibility Summary

Link(s) to Catalog Record