Session 1: Measuring brand value (especially now) and performance and its relevance to the hotel’s worth
- Branded vs non-branded – the implications for values
- What impact could branding have on a hotel post-COVID-19?
- Driving up performance – does it matter about the management structure or whether the hotel is a brand or not? The difference the alternative arrangements make to value
- Selection criteria of brands
- What do brands look for?
- Are there real benefits in the interest?
- What are the options?
- What are my likely returns? - What impact is COVID-19 having on deals and development projects – status update on current projects
- Data gathering – how to use and benefit from performance data
- Market drivers and engines of change
- Asset management – ensuring the investment is keeping up performance
Session 2: What’s my hotel worth?
The material valuation uncertainty clause. Are valuations worth the paper they are written on?
- Is valuing different now compared to during and following the Global Financial Crisis downturn?
- How to value during the lockdown period – can you rely on a desk top valuation?
- Valuation trends post-COVID-19
- Will current government actions save the day?
- The winners and losers – operational vs leased model, city vs region and budget vs luxury
- What is the future of ground rent deals?
- Who’s buying – why, where and at what return
- Short term tactics that can enhance revenue and value
Session 3: Capital markets
- Who’s buying and who’s selling? What and why?
- What the market looks like and where is the money coming from?
- Is COVID-19 going to see a fundamental change to the market?
- How tricky is gaining access to funding?
Session 4: Asset management – crucial now more than ever before
- The role of the Asset Manager in the operations’ value chain – more important now than ever before?
- The position today and the impact of COVID-19 on managing the asset:
- The opportunities …?
- The challenges …?
- … and there will be winners and losers - What happens next?
Session 5: Accessing the value of the site and when to redevelop or refurbish
How to value a site’s full potential and how it’s different from valuing an existing asset
- Unlocking the full potential of the site
- When is an opportunity worth more redeveloped/repurposed?
- Risk vs target returns
- Leverage
- Criteria for deciding whether to refurbish and/or reposition