PKF has been providing services to Canada's hospitality
industry since 1970. Within the past 36 months we have
provided advisory services on over $4.0 billion worth of
existing hotel assets across Canada. At PKF, we pride ourselves
in our ability to offer objective advice to a wide range
of owners, lenders, purchasers and developers. An example
of these engagements include:
- due diligence on behalf of the lender on the refinancing
of a $300 million hotel portfolio in November 1999
- due diligence on behalf of the lender on the acquisition
of Unihost's $600 million hotel portfolio by Westmont
Hospitality in May 1999
- valuation of over 50 individual hotel properties on
behalf of the Royal Host Real Estate Investment Trust
in 1997,1998 and 1999, totalling over $400 million in
assets
- due diligence on behalf of the lender on an $80 million
hotel portfolio acquisition by a U.S. investor
- valuation of a $130 million hotel portfolio owned
and operated by a major Canadian hotel company
- valuation of a $35 million limited service hotel portfolio
held by a major Canadian trust company
- operating review of a group of chain properties valued
at $75 million, on behalf of their investors
- valuations of a number of individual hotel properties
totalling over $1.0 billion in asset
- operating and financial advisory services for other
individual hotel properties across Canada totaling over
$1.0 billion in assets
What are some of the key factors which differentiate
us from our competitors?
- None of our competitors can claim the same degree of
consistent senior level service to the hospitality
industry in Canada.
- We bring the international expertise
of PKF Worldwide (more than 300 offices in more than
100 countries) to our projects.
- None of our competitors
are as active as ourselves in providing services
to the hospitality industry.
While our competitors monitor the industry, none maintain
or have direct access to a comprehensive database such
as PKF's.
- On an annual basis about 500 properties
(100,000 rooms) provide us with their detailed
operating statements, for our publication Trends in the
Canadian Hotel Industry - Operations Report. Designed
as a reference and management aid for accommodation operators
and agencies or associations involved in travel and tourism,
this publication offers financial information presented
nationally and regionally, as well as by style
and nature of operation.
- On a monthly basis over 1,000 properties (150,000
rooms) provide us with their occupancy statistics,
average daily rates and room revenue per available
room, for our publication Trends in the Canadian Hotel
Industry - National Market Report. Our sample comprises
over 40% of the accommodation supply in Canada. This
report tracks these top line performance indicators by
province, region and major cities in Canada, as well
as by property size, property type and price levels.
- Our databases have
been in place for over 20 years. While we respect
the confidentiality of individual property data, we have
the ability to examine the top line, operating structure
and bottom line performance of these individual properties,
and bring that knowledge to our engagements.
If you would
be interested in discussing our services in relation
to the market position, performance or value enhancement
of your assets, please contact any one of our Canadian
Directors at your convenience.
| David Larone, Director, Toronto |
Beth Walters, Director, Vancouver |
| Brian Stanford, Director, Toronto |
|
| Fran Hohol, Principal, Toronto |
|
