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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.