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Spotlight on hospitality
MPAC’s Valuation, Research & Advisory Services - Income team is responsible for supporting properties that are valued using the income approach. This work includes a dedicated team of experts responsible for the valuation of hospitality properties.
Continuing to meet with stakeholders and share our expertise with the broader assessment industry remains a priority for the hospitality team. They recently had the opportunity to deliver on both of these commitments.
Meeting with the Hotel Investment Sector
In April, we attended and hosted a booth at the Canadian Hotel Investment Conference.
The event served as an opportunity to speak with key stakeholders in the hotel sector and explain more about what we do, how hotels are assessed and how we collect income and expense information each year as part of our PIER campaign.
“The collection of PIER data for the hospitality industry is critical to supporting our understanding and analysis of the hospitality market,” said Roger Jarjour, Manager of Valuation, Research & Advisory Services.
We received positive feedback from attendees and look forward to attending next year’s event.
Sharing our Insights at the IPTI/IAAO Mass Appraisal Valuation Symposium
Two of our hospitality experts, Roger Jarjour and Hayli Masciotra, Senior Appraisal and Market Specialist, spoke at the recent IPTI/IAAO Mass Appraisal Valuation Symposium to discuss the evolution of hospitality property mass appraisal.
The presentation featured an overview of hotel properties in Ontario and details on the proforma approach in a mass appraisal environment.
“Ontario has a complex and vast portfolio of hospitality properties. By engaging with property owners and industry stakeholders through various forums, we’re able to broaden our understanding of market trends and share our own key learnings and best practices.”
– Hayli Masciotra
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