We value operating hotels, projects under construction and planned investments. The purpose — financing, a sale, an acquisition, owner reporting or a strategic review — determines the approach: income (discounted cash flow and NOI capitalisation), market comparison or cost.
We analyse operating performance against the competitive set, market position, the terms of the brand or operator agreement, CAPEX needs and the FF&E reserve, and comparable transactions. The document takes the form the decision requires — from an advisory opinion of value to a formal appraisal (operat szacunkowy) — and the work is led by a team that includes a licensed property valuer specialising in hotel real estate.