About this video
Ellie checks a Hokkaido hotel valuation's trading assumptions against the operator's latest reports.
Full description
Three draft valuations for Norbeck's Hokkaido hotels assume 74% occupancy from a single unattributed survey. The operator's latest twelve months show 61.8%, and the comparables sit at 63.1% and 58.9%. On achieved trading, the Niseko hotel's value falls from ¥10,900m to ¥8,925m (−18.1%) before the 7 October committee.
Key points
- Valuer's occupancy traced to its source
- Operator trading data read against the draft
- Value impact quantified before the committee
Part ofAsset management
Video details
- Roles
- Asset Manager, Owner
- Processes
- Valuation, Asset Management
- Geographies
- APAC
- Markets
- Japan
- Tags
- author-demo-2, hotel valuation, Japan