Ξενοδοχειακές εγκαταστάσεις και τραπεζικός δανεισμός

Abstract

The investment appraisal is a complex process that by its nature involves significantuncertainty and risk. The financial evaluation is a small part of the process, whichrevolves around the concept of cash flow on investment. The evaluation necessarilybased on economic, trade and production assumptions and the conclusions must inturn be justified in financial terms the appropriateness of the investment.This thesis deals with the evaluation of the estimated value of a property (hotel), ascalculated by the competent assessor for a financial institution.An attempt by quoting the technical side of a random sample of hotel units, analysisof financial condition and comparison with industry, creating an overview for eachhotel separately and then the economic evaluation.To complete the evaluation of hotel units used discounted cash flows in order to findthe rate which would assess the value of the property (hotel). The procedure is ananalytical methodology, which aims at processing the data and assumptions of thefirst phase to a decision to be assisted, based, among other things, indicators that havehelped us in the economic evaluation.Finally, the comparison of computing the estimated value is the basis on which theybase our conclusions on the hotel industry in general and the work of the estimator inparticular.