... Value Hotel Valuation Formula—LTV version (technique 4) Hotel Investment Formula—DCR version (technique 4a) Hotel Valuation Formula—After-Tax (technique 5) $36,962,000 $37,388,000 $37,017,000 Valuation ... Approaches to Hotel Valuation In valuing hotels, there are three approaches from which to select: the income capitalization, sales comparison, and cost approach Although all three valuation approaches ... IN THIS CHAPTER, we provide a thorough overview of lodging valuation models Hotel valuation, like all real estate valuation, must be seen in the context of establishing a point estimate...