Services

Detailed Market Analysis

• Determination of existing and proposed primary and secondary competition;
• Forecasts of lodging occupancy, ADR and RevPAR;
• Gaming demand analysis using demographic statistics;
• Forecasts of gaming revenue potential;
• Proforma income and expense projections;
• Market due diligence services for hotel investors/purchasers;
• Site evaluations for new lodging and casino developments.

Feasibility Studies

• Fully documented feasibility studies with return on investment analyses;
• Market studies with real estate appraisals;
• Development assistance for new hotel projects and major renovations;
• Property sizing and brand selection.

Real Estate and Business Valuations

• Economic studies and appraisals;
• Mortgage loan appraisals and underwriting assistance;
• Business valuations, analysis of limited partnership interests;
• Leasehold and leased fee valuations;
• Valuations for tax-free exchanges, estates and sale leaseback transactions.

Litigation Support

• Expert valuation testimony for foreclosure and bankruptcy proceedings;
• Litigation support and associated court testimony on hotel financial issues;
• Appraisal expert testimony for condemnation and tax certiorari proceedings.

Investment Due Diligence

• Analysis of existing investments and proposed acquisitions;
• Forecasts of cash flows from operations and to various ownership interests;
• Determination of current and anticipated returns to debt and equity investors.

Hold/Sell Analysis

• Market analysis, including detailed subject hotel analysis;
• Cash flow projections;
• Internal rate of return analysis;
• Hold/Sell recommendation.