Comparative Capitalization Rate Study

A review of the differentials in capitalization rates based on location and property type over a ten year period. If HVS maintained an “FAQ” list, “Where are cap rates today?” would be at the top of the list, followed closely by “What is the right cap rate for this hotel?” Not only is there no good answer to these questions, the correct response is actually a series of other questions, starting with “What net income are you capping?