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Need a Hotel or Motel Real Estate Appraisal?

We’ll Connect You with a Real Estate Appraiser that has the expertise you need

How it works:

Select Location Below
Select the Province of the property you need an appraisal in

Connect with Appraiser
We’ll recommend a Hotel / Motel Specialist who fits your needs

Alberta, British Columbia, Manitoba, Ontario (Northwestern Ontario, Northeastern Ontario), Quebec, Saskatchewan, Newfoundland & Labrador, Nova Scotia, New Brunswick, Nunavut, Northwest Territories, PEI, Yukon

Alaska, Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Not all Appraisers listed in the directory under ‘Find an Appraiser’ are licensed with Frontier Hospitality Advisor.

Questions to Ask When Hiring a Hotel or Motel Appraiser

When hiring an appraiser for your hotel or motel, it’s essential to ask the right questions to ensure a fair and thorough appraisal. Here are some important questions to ask the real estate appraiser before hiring them:

Experience & Qualifications

  • How many years have you been appraising commercial properties?
  • Do you have experience appraising hotels or motels?
  • Have you worked on appraisals for properties in this specific area or market?

Process & Approach

  • Can you walk me through your appraisal process?
  • What valuation methods do you typically use for properties like mine?
  • How do you handle unique property features or special circumstances in your appraisals?

Timeline & Cost

  • How long will the appraisal process take?
  • What is the estimated cost for this appraisal, and are there any additional fees I should anticipate?

Reports & Documentation

  • What does the final appraisal report include? Can I see a sample report?
  • Do you provide any additional documentation or data to support the valuation?

Market Knowledge

  • How familiar are you with the current trends and factors affecting property values in this area?
  • Can you provide insight into local market data or recent comparable sales?

Professional Standards

  • Do you comply with USPAP (Uniform Standards of Professional Appraisal Practice) guidelines?
  • Are you a member of any professional organizations, like the Appraisal Institute or the American Society of Appraisers?
  • Will the appraisal report meet the requirements for lenders, investors, or specific industry standards?

These questions can help you gauge the appraiser’s expertise, reliability, and fit for your specific needs.

Required Professional Designations for Appraisers in Canada and the United States

In Canada, the main designation required for Hotel and Motel appraisers is the AACI (Accredited Appraiser Canadian Institute), awarded by the Appraisal Institute of Canada (AIC). AACI appraisers are qualified for all types of real estate, including commercial properties like hotels and motels.

For U.S.-based appraisers, the MAI (Member, Appraisal Institute) designation offered by the Appraisal Institute, is highly regarded. The MAI designation is typically required for complex commercial properties and confirms an appraiser’s experience in valuing properties like hotels and motels.

For both countries, appraisers must comply with local laws, meet educational standards, and follow ethical guidelines as per the Uniform Standards of Professional Appraisal Practice (USPAP).