Hotels Case Study
Hotels Case Study
Rushton International has a vast amount of international experience in the hotel sector. We have valued hotels across all levels and star ratings, all over the world, and have developed a reliable model of assessing reinstatement costs.
A recent instruction involved the assessment of three hotels under the instruction of an investment company and their risk managers;
1. The onsite assessment of a landmark Grade II listed 5-Star luxury hotel in Central London. The hotel has 267 guest bedrooms which have historically influenced themes of either English Edwardian or Art Deco design.
2. The desk top assessment* of a Parisian luxury hotel built in 1928, with major refurbishment between 1996 and 1999. The hotel now provides 244 rooms and 59 suites and offers an array of services and facilities, including 3 restaurants.
3. The desktop assessment of a luxury resort in the Seychelles comprising 86 villas, arranged over a site area of c.40 acres, built in 2011. Each villa offers a private plunge pool and outdoor pavilion. The resort also offers an array of services and facilities including a 24-hour butler service.
Original cost information was consulted, where available, as well as a review of asset registers and architectural drawings. The properties were broken down into their component parts and valuations worked up elementally and analysed against rates per square metre and by number of rooms/keys.
*Due to current restrictions, we were not able to attend site this year. However, we were able to provide a reliable desktop valuation, which will be ratified by a full site-based assessment later in the year when hopefully restrictions are lifted.
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About Rushton International
Rushton International is an independent and impartial asset valuation and advisory firm. We specialise in the valuation of plant, equipment and buildings for insurance purposes. With our team of qualified and accredited valuers, we have the experience, qualifications and expertise to value any asset, anywhere in the world.Read more
Rushton International is a tried and trusted name in insurance valuations. Our valuation advice assists clients, risk managers and their brokers to accurately and confidentially set sums insured for the fixed assets in their insurance programme.More
We work with our clients to deliver comprehensive valuation advice for financial reporting purposes. By using our sector experience and market knowledge we are able to assist with the valuation of plant, equipment and other specialised assets in order to estimate fair value for GAAP and IFRS financial reporting purposes.More
Rushton International provides asset management solutions that are tailored to our clients’ needs. Our work ranges from asset verification, preparation of computerised asset registers and updating asset registers.More