4 Regional Cities, Russia – Valuation of Courtyard by Marriott Hotels

Office: Horwath HTL Russia

Overview: Business Valuation for Courtyard by Marriott Hotels in Saint Petersburg, Kazan, Irkutsk and Nizhny Novgorod.

Horwath HTL Solution: Horwath HTL Russia has been requested by the owner and developer of the hotel portfolio to prepare business valuation of the individual hotel assets (4 existing and 1 proposed hotels) with a total of 1,000 rooms managed under the Courtyard by Marriott brand.

Status: Assignment completed in 2010, hotels are in operation