Hotval Toolkit, 2017 Cornell University School of Hotel Administration
Hotval Toolkit, Crocker H. Liu
Center for Real Estate and Finance Tools
Scroll down to "Additional Files" to access the HOTVal Toolkit.
HOTVal is a hotel valuation spreadsheet based on a regression model discussed in the Center for Real Estate and Finance at Cornell called Cornell Hotel Indices: Second Quarter 2012: The Trend is Our Friend by Crocker H. Liu, Adam D. Nowak, and Robert M. White, Jr. The model which will be continually updated, provides a rough estimation of the value of a hotel property once the user inputs information on whether the hotel is a large or small hotel, the year and quarter of the valuation, the state where the ...
First Quarter 2017: Status Quo Maintained, 2017 Cornell University School of Hotel Administration
First Quarter 2017: Status Quo Maintained, Crocker H. Liu, Adam D. Nowak, Robert M. White Jr
Cornell Real Estate Market Indices
Our Standardized Unexpected Price (SUP) metric indicates that the price momentum of large and small hotels continues to revert to the mean, with the cost of debt financing for hotels declining slightly. However, we expect higher hotel financing costs going forward. Our early warning indicators suggest that prices of large hotels and small hotels should rise during the second quarter of 2017. This is report number 22 of the index series.
Supplemental File: Hotel Valuation Model (HOTVAL) We provide this user friendly hotel valuation model in an excel spreadsheet entitled HOTVAL Toolkit as a complement to this report which is ...
How Much Is That Farm Really Worth—A Comparison Of Three Land Purchase Decision Tools, 2017 Iowa State University
How Much Is That Farm Really Worth—A Comparison Of Three Land Purchase Decision Tools, William M. Edwards
Journal of Applied Farm Economics
Volatile markets for farmland have created interest in tools that can help analyze land investments (Zimmermann, 2014). Extension specialists in several states have created some valuable decision aids that have been utilized by prospective investors, rural appraisers and real estate brokers. Agricultural educators can also use them for teaching the principles of real estate valuation.
Among the land purchase decision aids that are currently available are KSU-Landbuy from the AgManager.info website at Kansas State University (Dhuyvetter & Kastens, 2013), Farmland Purchase Analysis from the Ag Decision Maker website at Iowa State University (Edwards, 2015), and Land Purchase Analysis from the ...
Housing Price Models For Essex County Massachusetts, 2017 Merrimack College
Housing Price Models For Essex County Massachusetts, Steven Bourque
Honors Senior Capstone Projects
This paper analyzes indicators of local median housing prices in the Essex County, Massachusetts area. The housing market is a significant sector of the United States economy and therefore it is important to develop models, which can predict and identify movements in their prices. This paper contains an overview of housing price indexes and provides a short overview of previous housing price studies. Two models, based on 2010 to 2015 data, are presented and analyzed. The specification of each model was driven by possible variables that might affect housing price and availability of data. For example a subset of communities ...
The Subprime Mortgage Collapse And Its Effects On The Economy, 2017 Liberty University
The Subprime Mortgage Collapse And Its Effects On The Economy, Joseph Krmpotich
Senior Honors Theses
The subprime mortgage crisis occurred due to a number of factors. Included in these factors were the issuance of subprime loans, the securitization of mortgages in the investment banking system, and the deregulation and ultimate failure of the shadow banking system. These causes were evident in both historical trends in the stock market as well as the macroeconomic data leading into the crash. They were perpetuated by investors, mortgage brokers, and banks taking on an abnormal amount of risk in the early 2000s for both psychological and behavioral reasons. These causes, while less than obvious at the time, have, with ...
Avondale, 2017 University of North Florida
Avondale, Telfair Stockton, E V. Toomer
City and Regional Planning—Florida
A copy of a brochure detailing Avondale history and real estate options. Likely from the 1920's
Gardening Services Chester | 01244 293 002, 2017 Manchester College
Gardening Services Chester | 01244 293 002, Gabriel Miles
Do Property Characteristics Or Cash Flow Drive Hotel Real Estate Value? The Answer Is Yes, 2017 Cornell University School of Hotel Administration
Do Property Characteristics Or Cash Flow Drive Hotel Real Estate Value? The Answer Is Yes, Crocker H. Liu, John B. Corgel
Center for Hospitality Research Publications
Analysts typically use two types of methods to value hotels: comparable sales and the present value of income (sometimes calculated as discounted cash flow). This report explores whether one model is superior to the other, and whether combining both models results in more precise hotel valuations. This evaluation addresses the issue of which property characteristics and income calculations are the most effective in explaining variation in the prices of hotels, how the descending influence of hotel property characteristics and income present value components determine the prices of hotels, and whether hedonic and income-based models produce similar estimates of hotel values ...
Garden Care Manchester, 2017 Selected Works
Garden Care Manchester, Nathan Mason
Gardening Services Liverpool, 2017 Selected Works
Gardening Services Liverpool, Louie Farell
Incomplete Takings, 2017 University of San Diego
Incomplete Takings, Abraham Bell, Gideon Parchomovsky
Incomplete takings are vital and extremely common. Yet, they present unique challenges that cannot be resolved by standard rules of eminent domain. In particular, incomplete, or partial, takings may result in the creation of suboptimal parcels, and even unusable and unmarketable ones. Additionally, partial takings create nettlesome assessment problems that do not arise when parcels are taken as a whole. Finally, incomplete takings engender opportunities for inefficient strategic behavior on the part of the government after the partial taking has been carried out. Current partial takings jurisprudence fails to resolve these problems, and, in some instances even exacerbates them.
Subprime Mortgage Lending As It Relates To The 2007-2009 Financial Crisis, 2017 Liberty University
Subprime Mortgage Lending As It Relates To The 2007-2009 Financial Crisis, Josiah Bardy
The 2007-2009 financial crisis was the worst recession in recent economic history. The financial crisis has been the subject of much academic scrutiny, and many authors have arrived at different conclusions concerning the cause of the crisis and the effects. One of the most interesting real estate investments occurred during the crisis: certain investors and organizations predicted the bursting of the housing bubble and shorted real-estate backed securities, yielding huge profit. This paper will explore the financial crisis as well as the concurrent short selling to gain better understanding of financial markets, economic bubbles and recessions, and real-estate backed securities.
Fourth Quarter 2016: Hotels Are Getting Costlier To Finance, 2017 Cornell University School of Hotel Administration
Fourth Quarter 2016: Hotels Are Getting Costlier To Finance, Crocker H. Liu, Adam D. Nowak, Robert M. White Jr.
Cornell Real Estate Market Indices
Our Standardized Unexpected Price (SUP) metric continued to show positive momentum in the price of large hotels with continued decline in the price of small hotels. Costlier financing for hotels is occurring due in part to lenders’ perceptions of the increasing relative riskiness of hotels compared to other commercial real estate. We expect higher hotel financing costs going forward. Our early warning indicators suggest that prices of large hotels and small hotels should rise during the first quarter of 2017. This is report number 21 of the index series.
Supplemental File: Hotel Valuation Model (HOTVAL) We provide this user friendly ...
Should I Stay Or Should I Go? How Land Use Regulation Impacts Housing Choice, 2017 Claremont McKenna College
Should I Stay Or Should I Go? How Land Use Regulation Impacts Housing Choice, Parker Mallchok
CMC Senior Theses
Ideally, land use policies correct for negative externalities. However, the barriers they impose on individuals and communities have serious implications. Existing studies on this topic focus on singular, specific areas because land regulation is determined at the local level and varies extensively across the nation. Furthermore, current housing literature focuses on the “norm” of single family housing. This ignores the changing attitudes toward different types of dwellings. My study examines local regulatory environments across the nation by using Gyourko et al. 2008’s Wharton Residential Land Use Regulation Index, which develops a comparative scale for the otherwise impossibly varied regulatory ...
Financing Strategies For Real Estate Investments, 2017 The University of Akron
Financing Strategies For Real Estate Investments, Joshua Parr
Honors Research Projects
Most people have a dream of being financially independent and in order to do so it is necessary to save and invest their money. The key is to invest wisely so that one can earn a solid return on their money. Real estate investments are a great way to build wealth because of the benefits they have over other investments. Many are under the misconception that they cannot invest in real estate because of a lack of capital. This belief is entirely untrue and there are dozens of different strategies for investing in real estate with little or no capital ...
Decomposing The Value Effects Of Sustainable Investment: International Evidence, 2016 University of Guelph
Decomposing The Value Effects Of Sustainable Investment: International Evidence, Avis Devine, Eva Steiner, Erkan Yonder
Capital Expenditures, Asset Dispositions, And The Real Estate Cycle, 2016 The Pennsylvania State University
Capital Expenditures, Asset Dispositions, And The Real Estate Cycle, Brent Ambrose, Eva Steiner
Playing With Real Property Inside Augmented Reality: Pokemon Go, Trespass, And Law's Limitations, 2016 Chapman University School of Law
Playing With Real Property Inside Augmented Reality: Pokemon Go, Trespass, And Law's Limitations, Donald J. Kochan
Donald J. Kochan
The Role Of Reit Preferred And Common Stock In Diversified Portfolios, 2016 Cornell University School of Hotel Administration
The Role Of Reit Preferred And Common Stock In Diversified Portfolios, Walter I. Boudry, Jan A. Deroos, Andrey D. Ukhov
Center for Hospitality Research Publications
While “maximizing returns” is a stated goal of many investors, it is clear that some are more willing than others to embrace risk in their pursuit of those returns. An analysis of risk-return profiles finds that investors see different purposes for real estate investment trust (REIT) common stock and preferred stock depending on their tolerance for risk. Using a utility-based approach and imposing realistic constraints on the investor’s portfolio, this report shows that REIT preferred and common stock provide diversification benefits, but to different sets of investors. Risk tolerant investors find REIT common stock beneficial, while risk averse investors ...
History In Collaboration: Equalizing The Arts And The Humanities In San Francisco, 2016 University of San Francisco
History In Collaboration: Equalizing The Arts And The Humanities In San Francisco, Nicole C. Meldahl
Master's Projects and Capstones
Historically, there has been a critical imbalance in the way history and preservation organizations are civically supported in comparison with the amount of funding that is available to arts organizations in the United States. To correct this imbalance in San Francisco, I propose the creation of a San Francisco Department of Culture that would place the San Francisco Arts Commission equally alongside a San Francisco History Commission within a department that absorbs responsibilities currently managed by other divisions with in city government, such as the Planning Department and the Office and Economic and Workforce Development. City government necessarily takes time ...