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Actual Share
This is the amount of revenue or room nights that a hotel captures within a particular time period. This value can be calculated by taking the total room nights or revenue and divide that value by total room revenue or nights sold within the competitive set.
Amortization
The repayment of loan principal through equal payments over a designated period of time consisting of both principal and interest.
Annual debt service (ADS)
The total amount of principal and interest to be paid each year to satisfy the obligations of a loan contract.
Annual percentage rate (APR)
The true annual interest rate payable for a loan in one year taking account of all charges made to the borrower, including compound interest, discount points, commitment fees, mortgage insurance premiums. It also takes into account the time at which the principal is repaid (especially when payments of principal are made in installments throughout the year, but interest is charged at the beginning of the year), but not the actual expenses incurred by the lender in making the loan and recharged to the borrower.
Appreciation potential
The possibility or probability that a real estate investment will increase in value during the holding period.
Assessed value
The value of real property established by the tax assessor for the purpose of levying real estate taxes.
Average daily revenue (ADR)
Average rental income per occupied room during a given time period. Room revenue/# of rooms sold. This is also known as Average Daily Rate.
Average Length of Stay (ALOS)
Calculated by taking the number of room nights and dividing it by the number of bookings.
