eCommons

 

Cornell Real Estate Market Indices

Other Titles

Abstract

In this report, we introduce three new metrics to monitor real estate activity in the hotel market, as measured by transaction prices. The large hotel index records sales of hotels equal to or greater than $10 million, while the small hotel index covers the hotels selling for less than $10 million. 1 The third metric is a repeat sales index (RSI) to track actual hotel transactions. All three indices are constructed quarterly using both the CoStar and Real Capital Analytics commercial real estate databases. The large and small hotel indices are constructed similar to the consumer price index (CPI). In contrast, the repeat sale hotel index is analogous to the retail concept of same store sales, except that it compares a series of sales of a particular hotel property over time.

Journal / Series

Volume & Issue

Description

Sponsorship

Date Issued

2012-04-01

Publisher

Keywords

Cornell; commercial property index; repeat sales index; hedonics

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