Thompson Okanagan Hotel Motel Inn Appraiser Realtor

Thompson Okanagan Hotel, Motel & Inn Appraiser

Phone: 1.800.592.1349
E-mail: [email protected]
Main Lodge: 129 Nanaimo Ave W, Penticton, BC
Outpost: 151 French’s Road, Off Lake, ON

About

Frontier Hospitality Advisor is an Okanagan based hotel, motel & inn appraisal service. I specialize in appraising Thompson Okanagan Hotels, Motels & Inns for refinancing or purchase financing, foreclosure or power of sale, divorce or settlement, purchase or sale considerations, legal purposes, estate & retirement planning.

Thompson Okanagan Hotel, Motel & Inn Services

Hotel, Motel & Inn Real Estate Appraisals are my flagship service. Every year I have the pleasure of visiting hotels, motels & Inns across Canada for the purpose of completing commercial real estate appraisals.

These unique businesses require a unique solution when it comes time to sell. My “Business Exit Solution”  provides a variety of tools to professionally sell a Hotel, Motel or Inn in the most efficient, cost effective way.

The right “going in” price is very important to set a business up for success. Often times buyers don’t have the sales data they need to determine what a fair purchase price is. This service helps ensure buyers are paying fair market value.

Economics and research service that provides analysis and research services on the lodging industry. My work helps clients make strategic decisions, evaluate programs and business alternatives and determine economic and financial contributions.

Sample Thompson Okanagan Hotel, Motel & Inn Sale Capitalization Rates

Specializing in the hospitality industry allows me to stay up to date on all of the latest trends, transactions, inventory and key performance indicators. Below are some of the latest statistics for the Thompson Okanagan hotel, motel & inn industry that will help you develop an estimate of value for your lodging property.

The following list reflects capitalization rates for Thompson Okanagan hotels, motels & inns that have been derived from recent sales in my extensive transaction database.

Capitalization Rate = Net Income / Sale Price

These historical capitalization rates range from 6.9% to 9.7%

My appraisal will estimate your property’s net income before debt service and depreciation utilizing a forecast of income and expenses. The result will be utilized to estimate its market value via a direct capitalization technique.

Estimate of Market Value = Net Income / Capitalization Rate

Because lodging facilities are income-producing properties that are normally bought and sold on the basis of capitalization of their anticipated stabilized earning power, often the greatest weight is given to the value indicated by the income capitalization approach.

Sample Thompson Okanagan Hotel, Motel & Inn Sale Prices Per Room

Another way that hotels, motels & inns are commonly valued is the sales comparison approach which uses actual sales of similar properties to provide an indication of the subject property’s value.

The following sample of lodging property sales in the Thompson Okanagan region will help you develop a broad value range for your hotel, motel or inn:

The sales outlined above indicate a value range of $37,000 to $303,700 per available room. Several adjustments will be necessary to render these sales prices applicable to your property. The adjustments, which tend to be subjective, diminish the reliability of the sales comparison approach; furthermore, typical hotel investors employ a sales comparison procedure only to establish broad value parameters.

Thompson Okanagan Hotel, Motel & Inn Industry Overview

Top Markets

BC residents make up the largest share of overnight visitation (61%) and spending (44%) in the Thompson Okanagan region. Alberta residents make up the second largest share of overnight visitation (19%) and spending (28%).

Accommodation Trends

As of 2019, there are approximately 400 active hotel, motel & inn properties in the region. Half of BC residents and more than a third of other Canadians visiting the Thompson Okanagan region stayed with friends and family. The most popular accommodation for international visitors was staying with friends and family, followed by hotels.

Thompson Okanagan Hotel Motel Inn Appraiser
  • Kelowna and Kamloops are the most visited destinations in the Thompson Okanagan and also contribute over 50% of room revenue receipts.
  • Penticton is a popular beachside community. The two other communities in the region which have experienced the strongest revenue growth are Oliver/Okanagan Falls and Osoyoos.
  • Motels earn a higher proportion of room revenue in the Thompson Okanagan than in other B.C. tourism regions. There are few very large hotels (+250 rooms) in this region.

Thompson Okanagan Tourism & Hotel Associations

Thompson Okanagan Hotel, Motel & Industry Research Reports

Since the formulation of the previous Penticton Destination Marketing Strategy in 2010, Tourism Penticton and the Penticton Hospitality Association (PHA) have worked independently to promote our region and during that time tourism has experienced a steady growth.

Tourism is a major economic generator for the City of Kelowna and its surrounding municipalities and region. Tourism contributes directly to employment and economic growth in the region through the ongoing operations and activities of different firms that serve tourists.

This report summarizes key highlights for the Thompson Okanagan (TOTA) region taken from the British Columbia In-Market study conducted in November 2011 and April 2012. A full report on the findings, plus summaries of the other BC tourism regions are available under separate covers.

This profile provides an overview of the region and summarizes the latest data available about overnight travellers visiting the Thompson Okanagan.

The Thompson Okanagan Tourism Association is actively monitoring the impact of COVID-19 on the tourism industry through our partnerships with the BC Regional Tourism Secretariat and the British Columbia Hotel Association

The Destination Osoyoos Business Plan has been developed through a combination of review of the previous five-year business plan which was developed in 2017 for our 2018 MRDT renewal.

Education, Affiliations and Volunteer Activities

Fishing Hunting Lodge Marina Resort Appraiser

Bryce Witherspoon obtained a Bachelor of Business Administration degree from Lakehead University in Thunder Bay, Ontario. He is an AACI, P. App Designated Member of the Appraisal Institute of Canada.

Contact Form

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