Program Web Address
The author presents a capitalization model applied in hotel valuation which is then used to illustrate how an increase in interest rates result in a lower valuation for hotels. It is demonstrated that changes in hotel valuations of up to 20 percent can be directly attributed to changes in interest rates.
"Making Alan Greenspan Your Hotel Investment Partner,"
Hospitality Review: Vol. 19
, Article 11.
Available at: http://digitalcommons.fiu.edu/hospitalityreview/vol19/iss2/11