Abstract:

Calculating total value of lodging companies is a process that requires many different kinds of data. Therefore, economic, technical, and financial studies have to be performed in valuation process. The aim of this study is to emphasize valuation in lodging companies; and explain computation of total value and valuation process as a real estate appraisal tool in lodging companies. In this context, depending on real estate appraisal, this study examines appraisal methods for lodging companies and applies them by using hypothetical variables in a lodging company. All of the appraisal methods should be used and average of the different figures should be calculated in order to obtain the real total value. Since each real estate appraisal method applied in the valuation of lodging companies has different purposes, different values have been calculated and average of these values has been computed for determining the value of hypothetical lodging company.

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