Synthetic analysis of a hotel property for sale

The description of the asset must take into account some aspects distinctive and typical of the hotel industry.

1.??????Description of the hotel

Brief description of the hotel with an indication of the type, of the hotel category, of the elements necessary for the determination of a judgment on the 'Quality' of the structure and its equipment (rooms conferences, spas, sports facilities, swimming pools, restaurants, etc.).

2.??????Sizing and layout

?Analysis of the room mix by size and space is important to verify the suitability of the structure to national and/or international standards concerning the category and segment to which it belongs. For example, incorrect sizing of the room could affect the profitability of the hotel for the non-correspondence to the typical standards of the category hotel of belonging.

3. Surfaces and textures

Indication of the area of the lot with external areas, an indication of the gross area, an indication of the number of the rooms divided by type and relative size media with identification of physical aspects (size /view/exposure) which may affect policies tariffs and therefore on the achievable ADR. For evaluation purposes, in a property for hotel use, the reference of the unit value per square meter assumes a character of less importance than other types of real estate (offices, commercial, etc.), being the value generated by the profitability of the different types of rooms. The unit value per square meter remains only one benchmark for making comparisons with other intended use, while it is commonly used the chamber value is a unitary reference value.

4. Conservative status

Description of the state of conservation with an indication of the year of construction, any last interventions made with an indication of the investments made in years, and those already planned for future years.

5. Construction features

Description of the construction features (the presence of numerous pillars, use of nonbuilding materials suitable for hotel use, etc.).

6. Plant equipment

description of the plant equipment (air conditioning system, photovoltaic system, fire prevention system, elevation systems, anti-intrusion system, communication system, video surveillance system) having regard to efficiency, sizing, maintenance status, and technological level concerning the required quality standards from the market.

particular attention must be paid to specific hotel systems, for example, the access control system to the rooms, the television and streaming system, the wi-fi connections of rooms and common areas, the kitchens, the cold rooms, etc.

7. Licenses and Authorizations

A fundamental aspect is the verification of hotel authorizations and licenses, for example, the Certified Notification of Commencement of Business (SCIA), le signs, advertising, health license, licensing of administration of food and beverages, attribution of the hotel category, the authorizations for customers external on garages, etc.

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Extracted from RICS INSIGHT

HTMG - Hotel & Tourism Management Group