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RHC Valuations

Total questions: 8

Worksheet time: 8mins

Name
Class
Date
1.

If you are calculating the value of properties for transferring of properties from a subsidiary to a holding company (Jumeirah transfers assets to Dubai Holding). What type of valuation would this be?

a)

Market value

b)

Fair value

c)

Investment value

2.

Which of the following valuation methods is a hybrid between the income and cost approach?

a)

DCF

b)

DRC

c)

RLV

3.

When calculating the the value using the direct capitalization method, what would the formula be?

a)

1) Gross income

2) Long term growth rate

b)

1) Net income

2) Discount rate

c)

1) Gross income

2) Cap rate

d)

1) Net income

2) Yield

4.

When conducting a RLV valuation what is the output from capitalizing all income forecasted for the project

a)

Construction cost

b)

Gross development value (GDV)

c)

Profit on cost

d)

Residual value (RV)

5.

If our Subject Property in Makkah is in proximity to Masjid Al Haram and our comparable listing data points are on the outskirts of the city with better quality finishes what discount and premiums would we add to our comparable data? (Tip you can select multiple correct answers)

a)

Location discount

b)

Location premium

c)

Listing discount

d)

Quality premium

6.

Prime properties such as trophy assets (Burj Khalifa) would have a higher WACC rate when compared with other properties (labor accommodation)

a)

True they generate more income per sqft

b)

True they are viewed as a less risky investment

c)

False they generate more income per sqft

d)

False they are viewed as a less risky investment

7.

When developing a WACC what would not be a standard source for the premiums and discounts?

a)

Prof. Damodaran

b)

EY publications

c)

STR reports

d)

Duff & Phelps

8.

Which of the following is not a component of (TOR) Total Operating Revenue in a hotel property?

a)

F&B

b)

Rooms

c)

Utilities

d)

Spa