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.