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