This document describes the client request for the valuation of a property. The students need to produce a valuation report as per the professional and ethical standards presented during the course. The students need also to use at least two different valuation methods to value the property. All the information about the property has been provided by the Client and is enclosed in this document. The structure of the report needs to be as the RICS global Valuation standards Client Glion Capital Partners is an alternative fund manager who manages a portfolio of 4 billion euros across real estate, hotel and infrastructure assets. As part of his newly incorporated fund, Glion Capital Hospitality Investment II, the team requested the valuation for one hotel in its portfolio in order to calculate the net asset value (NAV) of the fund as of 31/12/2022.
The hotel is a 150-room property located in London CBD. The building is 21 years old and composed of 5 floors. The hotel is franchised to Travelodge. Glion Capital Partners own a freehold interest in the property. Valuation Assignment You are the selected valuer for this assignment. You have worked in the past with Glion Capital Partners. You have never valued this property before but the capital market teams within your organization has helped Glion Capital Partners acquire the building two years ago. Since the client bought the property two years ago there is no rotation policy in place. The valuation price is £15,000 plus reasonable expenses.
You have been able to inspect the property on 12.01.2023 and verified that the provided information from the Client is correct.
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