The hospitality industry is a broad category of fields with the service industry. The hospitality industry is a multi-billion dollar industry that mostly depends on the availability of leisure time and disposable income. Hospitality operations vary in size, function and cost. Most hotels and major hospitality companies that operate hotels have set widely accepted industry standards to classify hotel types. General categories include the following: Upscale Luxury Hotels, Full-Service Hotels, Historic Inn and Boutique Hotels, Select-Service Hotels, Limited-Service Hotels, Extended Stay Hotels, Timeshare and Destination Clubs, Motels, Resort Hotels and more.
At Foss Consulting Group, we have experienced and dedicated commercial appraisers focused on hospitality appraisals of all types and are keenly aware of how demand and supply segments, market condition and competitive supply affect valuation of different hospitality property types. Please contact us for any hospitality appraisal services across the nation.