M&A & Investor Diligence for Hoteliers
How investors look at your hotel: NOI multiples, debt structure, brand vs. independent, comp-set anchoring, and the diligence answer that buys 50 bps.
When you finish this course…
- Calculate a hotel's value three different ways and reconcile them
- Read a debt schedule and identify covenant risk in under thirty minutes
- Defend the brand-vs-independent decision with full-cycle numbers
- Pre-empt the three diligence questions every investor asks
- Author a CIM section that doesn't get edited by the banker
- Hold credibility on the seller side through a contested closing
About this course
At the Operator level of finance, you stop translating the P&L and start defending the cap-rate. This course is the asset manager's view: how investors actually price your hotel, what they're looking for in diligence, and where 50 basis points hides in your story.
You'll learn three valuation methods (NOI multiples, DCF, comp-trade); the capital stack from senior debt through preferred equity; the brand-vs-independent decision math with real numbers; and the twelve diligence questions every investor asks — three of which you can pre-empt to compress the closing timeline.
For ops directors moving to corporate, GMs interviewing into asset management, finance directors at hotel groups, and operators on the seller side of a transaction.