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The 2010 Hospitality Investment Survey presents the average investment criteria used by lenders and investors during hotel transactions that took place in calendar year 2009 and early 2010.
The following investment criteria are presented in the Report:
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Cap Rate, Trailing 12 (NOI)
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Cap Rate, Forward 12 (NOI)
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Cap Rate, Terminal (NOI)
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IRR / Discount
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Equity Yield
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Cash-on-Cash Return
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Holding Period (years)
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Loan-to-Value Ratio
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Interest Rate
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Amortization Period (Years)
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Loan Term (year of balloon)
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Debt Coverage Ratio
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