Over
the past 12 months, we have assisted our clients on over 100 accommodation
projects across Canada representing in excess of $1.6 billion in hotel
assets. The scope of these assignments has included asset evaluation
and strategy, new development, acquisitions, refinancing appraisal and
property tax appeals on behalf of developers, owners, operators, purchasers
and lenders. In 2002, we were also pleased to announce the establishment
of our hotel brokerage practice, PKF Hotel Realty Inc. headed by Jon
Lantz, further assisting our clients in the purchase or disposition
of hotel assets.
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APPRAISALS
AND VALUATIONS
Appraisals
and Valuations totalling $300 million in assets on behalf of lenders
such as the ATB, BDC, Royal Bank, Bank of Montreal, HSBC &
Citibank.
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ADVISORY SERVICES,
MARKET STUDIES AND OPERATIONAL REVIEWS
Market
Studies & Operational Reviews totalling $300 million in assets on
behalf of owners, operators and developers.
At
PKF, we pride ourselves in providing valuable objective third party
advice to our clients. On behalf of our Directors and staff, we thank
those clients who took advantage of our services over the last year,
as well as those owners and operators who continue to participate in
our monthly and annual Trends programs. We wish you all the success
in 2003, and please feel free to contact us if we can be of assistance.
David Larone, Director,
Toronto
Brian Stanford, Director, Toronto
Fran Hohol, Principal, Toronto
Beth Walters, Director, Vancouver
