Hotel Values in Russia, the CIS and Georgia 2009
The objective of this publication is to provide an indication of hotel values and trends in the main markets of Russia, the CIS and Georgia and to show how values in the region have been affected by the global economic crisis, and the subsequent reduction in trading and investor appetite. This publication also outlines the HVS valuation methodology for hotels that has become the industry standard throughout the world.
About HVS
HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.