... for a framework on which to derive the open market value for a hotel as an ongoing business entity, but that one or more of the other main valuation approaches should be drawn on in order to effect the reconciliation of a hotel’s final value. © MCB UP Limited 2001 Hotels Property Valuation Costs...

...Paul A. Phillips Hotels tend to have a high level of fixed costs, which means that high losses will result if revenue is significantly reduced below the break‐even point. Hence, the traditional cost‐volume‐profit (CVP) model,which is widely used within the hotel sector to determine break‐even...