Standard Asset Types
Hotel Appraisal, Resort Appraisal – Hospitality real estate valuations in Latin America and elsewhere are unique because the value considers real estate and the closely associated value of the hotel business. Valuations of hotels and resorts have the following uses: Reporting (IFRS or NIIF), bank loans, disposition, and for decision-making. LOGAN has completed hotel valuations in Mexico, Colombia, Peru, Costa Rica, and Panama. Brands of hotels-resorts that LOGAN has valued includes Holiday Inn Express, IBIS, Trypp, Decameron, Intercontinental among others.
Cost – the cost approach is relevant when properties are relatively new.
Sales comp or market approach – in Latin America this is difficult to apply with hotels, as there are few transactions that take place – and comps are often not comparable.
Income capitalization – relevant method of valuation because it takes into account the income of a property, but loses relevance when property is in stabilization or in an atypical market (pandemic as an example).
DCF – often the best method, as it summarizes income projections and cost projections to conclude a NOI. This is the preferred method of evaluating potential acquisitions of hotels for investors in Latin America.
Online booking – proprietary reservation platforms.
Hip, younger generation focused hotel format – Moxy as an example.
Covid restrictions and their impact on the hospitality industry – very negative, but for some countries such as Mexico, the rebound has been rapid.
A. Value impacting considerations
B. Purpose, scope, limitations of the report
C. Description of the site
D. Improvement description.
E. Scope of work.
F. HBU.
G. Approaches to value.
H. Reconciliation.
I. Certification statement
| Colombia | Mexico | Peru | CR-CA | |
|---|---|---|---|---|
| 1 | Medellin | Cancun, Riviera Maya | Lima, Miraflores | Papagayo |
| 2 | Bogota | Cabo San Lucas | Lima, San Isidro | Tamarindo |
| 3 | Cartagena | Puerto Vallarta | Lima, Santa Cruz | Guanacaste |
| 4 | Santa Marta | Tulum | – | Bocas del Toro |
| 5 | San Andres | Playa del Carmen | – | Panama |
Leadership Team
Latam Logistic Properties – Industrial Market Study Colombia, Peru
Project Leaders: Diego Rodríguez Rueda MRICS, Paola Raba Need The client needed to understand and keep track of the dynamics of the logistics.
ARGUS Enterprise helps attract real estate investors to latin america
LOGAN Valuation championing software as key to evolution Business Challenge Robert and Bryan Dragoo founded LOGAN Valuation.
