Fourth Quarter 2016: Hotels Are Getting Costlier to Finance

dc.contributor.authorLiu, Crocker H.
dc.contributor.authorNowak, Adam D.
dc.contributor.authorWhite, Robert M. Jr.
dc.date.accessioned2020-09-09T17:01:02Z
dc.date.available2020-09-09T17:01:02Z
dc.date.issued2017-01-20
dc.description.abstractOur Standardized Unexpected Price (SUP) metric continued to show positive momentum in the price of large hotels with continued decline in the price of small hotels. Costlier financing for hotels is occurring due in part to lenders’ perceptions of the increasing relative riskiness of hotels compared to other commercial real estate. We expect higher hotel financing costs going forward. Our early warning indicators suggest that prices of large hotels and small hotels should rise during the first quarter of 2017. This is report number 21 of the index series.
dc.description.legacydownloadsCREMI_2017_need_to_rename.pdf: 203 downloads, before Aug. 1, 2020.
dc.identifier.other9565401
dc.identifier.urihttps://hdl.handle.net/1813/70932
dc.language.isoen_US
dc.relation.referencesSupplemental 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.
dc.relation.urihttps://hdl.handle.net/1813/72548.2
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectCornell
dc.subjectstandard unexpected price (SUP)
dc.subjecthotel indices
dc.subjectsale price
dc.subjecteconomic value added (EVA) for hotels
dc.subjecthotel valuation model (HOTVAL)
dc.titleFourth Quarter 2016: Hotels Are Getting Costlier to Finance
dc.typearticle
local.authorAffiliationLiu, Crocker H.: chl62@cornell.edu Cornell University School of Hotel Administration
local.authorAffiliationNowak, Adam D.: West Virginia University
local.authorAffiliationWhite, Robert M. Jr.: Real Capital Analytics Inc.
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