The value of a hotel depends almost entirely on its commercial operation and the Net Operating Income (NOI) that it makes. An owner may not necessarily always want to invest in a property. But that's not always a matter of them being stingy. They have a specific philosophy and a strategy behind that decision. When tidings are good and a high valuation is important that is a sensible approach. A management company and the team on the ground need to understand that. And when they do, they might be able to say, “Okay, if we do it like that, we can hold off on a refurbishment for two years as long as we jointly maintain the hotel.” In this way, all parties involved can maximize on an asset value, because the value of a hotel is not determined by the bricks and the mortar, but by the commercial operation. Get the full story at SnapShot