REO-to-rental market quickly becoming asset class

5 hours ago · To understand the market let’s start at how to define the asset class which C9 Hotelworks terms Hotel Residences’. Essentially this covers properties that sell individual units in the real estate market and operate as either hotels or else are branded by hospitality operators.

asset. The appraisal term for today’s phenomenon when there is too much disparity between the cost approach and the market compa­ rables approach is “external economic obsolescence,” which in lay­ man’s terms means a really bad market. Today, the cost approach is most often used only for new construction and project renova­ tions.

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