FIELD NOTES

Market
perspective.

Concise observations on asset assessment, planning, development and the way value is identified—without turning discretion into a catalogue.

Planning PerspectiveMarket IntelligenceOpportunity ScreeningDevelopment Thinking
01

HOSPITALITY

Assessing a hotel opportunity without a stable operating history

When a hotel has been closed, repositioned or operated in an unrepresentative way, historical figures alone may be misleading. The review should begin with the product itself: location, physical condition, room count and mix, public areas, planning rights and existing constraints.

The next step is to test a credible operating model: potential operator, reopening investment, realistic timing and execution risk. Rather than relying on an unrepresentative historical year, the objective is to build a forward-looking, stabilised case from assumptions that can be examined.

The principle: assess the hotel as a complete operating and planning product, not only through its historical revenue.
02

LAND & DEVELOPMENT

How planning rights change the way land is assessed

Land assessment begins by separating the existing condition, approved rights and future potential. Planning policy or an intention to change use is not the same as a right available for development, so it is essential to understand what exists today and what still depends on process, time and approval.

Beyond the amount of rights, the review should consider permitted uses, public requirements, development costs, levies, site constraints and timing. Only then is it possible to judge whether planning potential may become realisable economic value.

The principle: value is not only the possible floor area, but the probability, cost and time required to realise it.
03

RESIDENTIAL PORTFOLIOS

In a bulk residential transaction, the discount is only the starting point

A discount to list price may look attractive, but it is not enough to assess a transaction. It should be compared with realistic sale prices alongside the unit mix, delivery timing, payment structure, indexation and financing costs.

Geographic concentration and exit route matter as well: gradual sales, rental hold or a combination of the two. The structure should fit the investor’s strategy and capacity to carry timing, financing and market changes.

The principle: a bulk transaction is assessed by net value and strategic fit, not by the headline discount alone.

A FOCUSED CONVERSATION

Have an asset or opportunity to discuss?

Tell us briefly what is on the table, and we will assess whether and how it may be appropriate to proceed.

WhatsAppchizki@chizki.comLinkedIn
WhatsApp