Hotel Owner April 2019 | Page 22

PRODUCT NEWS PRODUCT NEWS | MFL COMMERCIAL Asset Registers and FF&E Valuations by MFL Commercial Selling a hotel - or indeed multiple hotels - is no mean feat. Whilst investment and real estate industries. standard ‘bricks and mortar’ and ‘going concern’ values for the Their work serves as an invaluable tool during pre-sale properties themselves, and their operations, can be calculated negotiations, allowing vendors and their agents to provide with relative ease, it can be extremely difficult for a vendor to purchasers with a comprehensive asset register (inventory) report demonstrate accurately to potential buyers the accumulated value that lists in detail each and every item of FF&E present, along with a of the furniture, fixtures and equipment included in a sale; indeed, valuation report that assigns a rigorously-researched current value estimates for accumulated asset values can prove wildly inaccurate to those assets, within a given premises or group. and unreliable, inevitably omitting large swathes of items owned by a vendor and often falling woefully short of true values. Having worked on many of the UK and Europe’s largest Specialising in high-value single or multi-site hotel sale projects throughout the UK and Europe, MFL Commercial have created and refined a wholly unique product and service to tip the balance in hotel group sale projects of the last decade, MFL Commercial favour of hotel property vendors when going to market. have honed their craft of compiling detailed asset registers INFO: 0122 546 1113 or [email protected] or and undertaking FF&E valuations for clients in the hospitality, www.mflcommercial.com SUBSCRIBE TO HOTEL OWNER Pay Monthly or Annually | Cancel Anytime DIGITAL ONLY £7.99 | DIGITAL + PRINT £79.99 Our clients’ hotels each possess an average of £1.9 million of FF&E assets. To date, MFL Commercial have compiled Asset Register reports and undertaken FF&E valuations on behalf of some of the UK and Europe’s largest hospitality, investment and real estate groups for hotel sale projects totalling over £2 billion. Don’t sell yourself short when going to market. MFLCOMMERCIAL ASSET REGISTER REPORTS - F F E VA LU AT I O N S MFLCOMMERCIAL W W W. M F L C O M M E R C I A L . C O M E: [email protected] T: 01225 461 113 22 www.hotelowner.co.uk April 2019