IRR San Diego Achieves Over $2 Billion in Hotel Valuations

Hotel-Appraisal-858-259-4900Integra Realty Resources (IRR), North America’s largest independent commercial real estate market research, valuation, and counseling firm, has been recognized for surpassing a major milestone in the commercial real estate valuation and appraisal industry.  From January 2009 to date, IRR’s San Diego, CA hospitality specialty practice group has valued hotel and lodging properties with a combined appraised value exceeding $2 billion.

“IRR’s Hospitality specialty practice group provides the highest level of expertise for our clients,” said Jeff Greenwald, MAI, SRA, ASA, FRICS, Realtor, Senior Managing Director of IRR’s San Diego Office.  “No hotel is too large or too small for our capabilities.  Our deep knowledge of lodging markets, and our proprietary data and systems, allow us to develop accurate, sophisticated appraisals and market studies, both locally and nationwide.  We’ve been able to reach this extraordinary milestone because our clients know we deliver quality, and they often refer us to other players in the lodging and hospitality markets.”

In the last five years, IRR-San Diego’s hospitality team has appraised over 350 hotel and motel properties in Southern California and five other western states.  Notable projects include: Pacific Edge, a Laguna Beach, California oceanfront hotel; Hyatt Regency Mission Bay Spa and Marina; a proposed 18-story, two-tower mixed-use project to include a 332-room Crowne Plaza/Staybridge Suites dual-branded hotel in downtown San Diego; and Springhill Suites, the only all-suite Marriott hotel brand in Temecula Valley in Southern California’s Wine Country.  In the past year alone, IRR’s hospitality specialty group has also serviced clients’ requests in Arizona, Oregon, Washington, Texas, and New Mexico.

If you have any hotel valuation appraisal needs or questions, please contact us today at (858) 259-4900 or sandiego@irr.com.

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