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The Impact Of A Management Company’S Scale On Hotel Market Value, Gil Keinan
The Impact Of A Management Company’S Scale On Hotel Market Value, Gil Keinan
Theses and Dissertations
The choice of management structure is growing in importance for hotel owners. Most owners’ investment theses are based on an attractive acquisition basis, focusing on net cash flow and the sales exit. Depending on the market, transaction price may be influenced by asset level performance which is highly influenced by daily revenue and expense decisions. Hotel brands quantify their value via measures that include market share and loyalty of a customer base. While much research has been conducted on the impact of brands on market value, the influence of hotel management on resale value has not been well investigated. This …