Valuation of Hotel Property in Nsukka Urban, Nigeria: Problems and Countermeasures

Abstract

Abstract: The focal objective of this study is to review valuation of hotel property in nsukka urban, Nigeria: problems and countermeasures, looking at hotel property as a hospitality and tourism facility that requires skills, concepts and technicalities that makes it physically, socially and economically attractive to customers at the same time fulfilling motive for its ownership. The study appraises hotel property and factors that militates it from commanding its proper open market value after valuation. Data were analyzed using scaling radial list analysis (SRLA), secondly, Data was processed by coding using the Statistical Package for Social Sciences (SPSS) version 23 software in determining any statistical significance. While descriptive statistics; Chi-square and Pearson r. are method used. It’s in our believe system, that our findings, conclusion and recommendation made from this research study will be a useful tool to hospitalists and tourism professional as well as estate surveyor and valuers and other related professionals in delivering their professional responsibility ensuring that cost value and quality are not compromised