Opinion Article 3 October 2016
2016 African Hotel Valuation Index
By Tim P. Smith, Managing Partner, HVS Cape Town and Tshepo Makhudu, Senior Consultant at HVS Cape Town
Tim P. Smith
Welcome to the third edition of the African Hotel Valuation Index (HVI). We are thrilled that the number of markets included in the study continues to grow. In the first edition we had 14 cities, that grew to 18 last year and this year it has increased again to 21 cities in 16 different countries. A 50% increase in markets in such a short space of time is indicative of the ever increasing interest in the African hotel market. Moreover, and equally importantly it also illustrates an improved transparency and increase in data across the continent.
Tim P. Smith
Tim Smith MRICS is Managing Partner, HVS Cape Town. Tim graduated from De Montfort University
with a degree in Estate Management and has worked for firms of chartered surveyors in London since 1995,
specialising in the valuation and sale of hotels and all forms of leisure properties. Tim has valued properties in more
than 30 countries across the EMEA region and has been involved with the valuation of some of the most important
individual assets and portfolio transactions across the region.
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Tshepo Makhudu is senior consultant in our Cape Town office. He has many years of property industry experience in development, management, finance and strategic consulting. He has held employment at leading property, banking and telecommunications multi-national institutions. Most notably he worked in the hospitality industry during the most vibrant era of the industry in South Africa, with a responsibility for the efficient delivery of hotel and casino development projects.
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