Library

eCommons

 

First Quarter 2014: Prices Have Not Caught Up to Growth in RevPAR

Simple item page
dc.contributor.authorLiu, Crocker H.
dc.contributor.authorNowak, Adam D.
dc.contributor.authorWhite, Robert M. Jr.
dc.date.accessioned2020-09-09T17:00:57Z
dc.date.available2020-09-09T17:00:57Z
dc.date.issued2014-04-01
dc.description.abstractHotel prices are not yet reflecting the positive momentum in RevPAR. However, we expect prices for hotel properties to rise in the next quarter based on our repeat sales index. A comparison of current operating yields relative to borrowing cost suggest that hotel investors expect most of investment performance to come from capital gains when the hotel is sold rather than operating performance. We also expect a further compression in hotel cap rates going forward. However, we anticipate positive price momentum to occur in smaller hotels with moderate increases (if any) for larger hotels based on our forward looking barometers. This is report number 10 of the index series.
dc.description.legacydownloadsvol3_no2.pdf: 78 downloads, before Aug. 1, 2020.
dc.identifier.other7334891
dc.identifier.urihttps://hdl.handle.net/1813/70920
dc.language.isoen_US
dc.relationSupplemental 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. This report may not be reproduced or distributed without the express permission of the publisher.
dc.subjectCornell
dc.subjectRevPAR
dc.subjecthotel cap rates
dc.subjecthotel price indexes
dc.subjectHOTVaL
dc.titleFirst Quarter 2014: Prices Have Not Caught Up to Growth in RevPAR
dc.typearticle
local.authorAffiliationLiu, Crocker H.: chl62@cornell.edu Cornell University
local.authorAffiliationNowak, Adam D.: West Virginia University

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
vol3_no2.pdf
Size:
1.71 MB
Format:
Adobe Portable Document Format
Download

Collections

Cornell Real Estate Market Indices