A Broker Opinion of Value (BOV) is the hospitality industry's standard pre-listing valuation, prepared by a licensed hotel broker using actual operating data, recent comparable sales, and current cap-rate ranges. RAD Commercial Realty provides free hotel BOVs with institutional-grade methodology and 5-day turnaround.
Our hotel BOVs use a blended income-capitalization and sales-comparison approach, normalized for one-time items, FF&E reserves, and franchise PIP exposure. Each BOV includes a low/mid/high value range with cap rate assumptions clearly disclosed.