Hi all,
Just wanted to see if anyone here has any experience dealing with the development/management of serviced apartments/hotels. I'm just trying to get an understanding of the financials of the business, what capitalisation rates apply and any examples of a recent valuation/study (in Melbourne).
The reason I ask is because I have land that can be developed, and I am considering this type of development for cashflow and income purposes.
Thanks in advance.
PS When I say hotels, I mean accommodation, not the pubs.
Just wanted to see if anyone here has any experience dealing with the development/management of serviced apartments/hotels. I'm just trying to get an understanding of the financials of the business, what capitalisation rates apply and any examples of a recent valuation/study (in Melbourne).
The reason I ask is because I have land that can be developed, and I am considering this type of development for cashflow and income purposes.
Thanks in advance.
PS When I say hotels, I mean accommodation, not the pubs.