Hotels (limited and select service) Business Valuation Calculator
Cited Band
11.6x going-in EBITDA, 8% cap (REIT buys)
Source: Apple Hospitality REIT, acquisition and disposition summary (2023-2026)
Implied Range
$4,000,000 to $6,000,000
Range: Advisory tiering for flagged limited-service hotels. A band, not a price. Answer the drivers below to place this business inside it.
Testing a real deal at a price in this range? Underwrite it end to end with the midpoint carried over. This trade prices on EBITDA, and the underwriter works in SDE, so enter that figure there: the two differ by the owner's own pay.
Where This One Sits
How much revenue recurs?
How concentrated are the customers?
What happens when the owner leaves for a month?
How clean are the books?
Do the licenses, leases and contracts transfer?
Nothing answered yet, so there is no reading. This does not default to the middle: a midpoint shown for a blank form would say your business is average when you have not told it anything.
The drivers that move the number in this trade specifically are in the full Hotels (limited and select service) guide. The picker holds the trades this site prices on one earnings figure. The other 13 are priced another way or on too thin a class, and each still appears with its cited band and source in Every Band, Cited.
What Moves the Multiple
A listed select-service REIT's own filing prices its 24 purchases from January 2023 to June 2026 at 11.6x going-in EBITDA and an 8% going-in cap rate. RevPAR against the comp set and the property's age set the position, and the flag's fees plus the transfer PIP price the brand's half.
Band cited from Apple Hospitality REIT, acquisition and disposition summary (2023-2026). What moves a business inside it, what licensing applies, and what diligence to run are in the Hotels (limited and select service) buy guide.
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