Uniformed System News Today

Article - Putting a Dollar Value on a Hotel - By David Lund - Determining the current selling or asking price for a hotel is a bit tricky. Compared to estimating the present value of a house its more like a detailed math exercise rather than a google search on Redfin. Thats what this piece is all about, how you can estimate the value, AKA sales price.

The word “expenses” needs to be defined and refined for this article. Expense broadly refers to any cost a business has including payroll, goods and services and cost of goods, “the cost required for something; the money spent on something.” That is its definition according to Oxford Dictionaries.

I am a big fan of the Uniformed System of Accounts for the Lodging Industry (USALI), or as she is affectionately called "You Sally." It has been the guide that our industry uses to properly present financial information for a long…long time, in fact almost 100 years.