Hotel & Resort Property Appraisals
Getting a Hotel & Resort Property Appraisal
Desirability and potentiality are crucial factors when it comes to resort and hotel valuations. However, quantifying such intangible features presents a challenge to even the most skilled appraiser. WestRock’s valuation services address these intangible factors through a variety of analytical methods. Using our extensive knowledge and experience, you will have an accurate appraisal for even this complex property.
Whether developing a hotel, evaluating a real estate portfolio, or investing in a resort property, an accurate appraisal report is a necessary first step. There are quantifiable factors such as square footage, net operating income, and data comparison to similar properties that WestRock utilizes in its valuation method. With a detailed appraisal, you are equipped to make a sound financial decision about this property and its potential.
WestRock’s team of appraisers is familiar with all these factors, possessing extensive market knowledge and valuation experience. Assessing a property’s potential through its valuation is key to you making an informed decision. Our team prioritizes detail, accuracy, and comprehensive analysis to produce reliable real estate valuation reports - let WestRock use these skills for your benefit.

Who Can Use a Hotel or Resort Property Appraisal?
Evaluating the worth of a real estate portfolio, assessing the investment value of a hotel or resort chain, or considering developing a resort property requires an accurate appraisal. By analyzing the income, operating expenses, revenue, and several other factors, WestRock will go above and beyond to provide you with the information you need to make an informed investment decision.
We take pride in our partnerships and the development of new ones. Whether you need commercial appraisal services for yourself or are seeking an appraisal on behalf of a client, we are ready to help.
Our Commercial Appraisal Reports
A thorough resort appraisal requires analysis from several angles:
- Market Approach: A method that values an asset based on sales of comparable properties
- Cost Approach: A method that values a property based on the replacement cost of constructing a similar property, minus depreciation, plus the site’s value.
- Income Capitalization Approach: A method that bases the valuation on a property’s income; the net operating income of the rent and dividing by its capitalization rate.
WestRock provides reliable market analysis through our comprehensive understanding of the current market and the factors that will affect valuation. Each of our commercial appraisal reports is meticulously prepared to provide you with the most detailed, accurate information. Such an appraisal has several features, including:
- Area Analysis: Deduction of relevant market trends, demographic statistics, and economic indicators.
- Zoning Analysis: An in-depth evaluation of the property’s compliance with relevant zoning standards.
- Improvements and Suggestions: Comprehensive descriptions, along with sketches and photographs, to detail a property’s optimized improvements.
- Real Estate Taxes Statistics: This feature analyzes historical and current taxes to project accurate real estate taxes for the subject property.
- Comparison Data: Detailed photos, descriptions, and analytics of comparative properties are provided for comparison. A sales comparison grid depicts all data and any necessary adjustments.
- Income Analysis: Evaluation of historical data to determine a property’s projected income and its requisite expenses.
- Complete itemization of all income sources.
- Operating Expenses: We provide an operating expense history and anticipate your expenses based on our extensive collection of comparable expense data.
Capitalization Rate Development: Commercial loan rate surveys provide a basis for capitalization rate development.
Experience Matters
Experience, education, and integrity are all imperative qualities in an appraisal service. WestRock knows the significance of these qualities and emphasizes them in our recruitment and training. Highlighting the importance of these qualities ensures that every report generated by a member of our team will meet and exceed your valuation needs.
WestRock’s founder and president, Steven Romer, earned the MAI designation and has instilled its values into every aspect of WestRock’s operations. Held only by appraisers who have invested substantial time and effort into their training, the MAI designation demonstrates the reliability and credibility of our reports. MAI appraisers go above and beyond to perform quality appraisals used to advise clients on sound real estate investment decisions. WestRock’s founder has made sure that every aspect of his MAI designation is reflected in WestRock’s team of appraisers.
Pricing
Prices vary on specific appraisal reports because of many factors like:
- Property type
- Size and complexity of property
- Property location and travel distance involved
- Ease of obtaining data in the relevant market area
- Scope of work
- Reporting format
- Turnaround time
Let WestRock Help Appraise Your Property
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