PKF Hotel Market Demand and Financial Analysis - DIA Business ...

PROFESSIONAL HISTORYQUALIFICATIONS OFCHRISTOPHER A. KRAUS, MAISENIOR VICE PRESIDENT2003 -Present PKF Consulting, Bozeman, MontanaPractice Leader and Senior Vice President1997 -2003 PKF Consulting, San FranciscoVice PresidentPrior1992 - 1997 Winegardner and Hammons, Inc. – Cincinnati, OhioGeneral Manager: various hotels throughout MidwestAREAS OF EXPERTISE Preparation of market feasibility studies for hotels,resorts, conference centers, golf courses, vacationownership developments, and related facilities includingestimated financial income statements.Preparation of full narrative appraisals of lodgingproperties and related facilities focusing on the valuationof projected operating income. Skills include fee simple,leasehold, and leased fee estate interest valuation.Operational planning and evaluation of hospitality industryactivities. Extensive experience in the pre-opening andon-going daily operation of hotels, motels, resorts,restaurants, golf courses, and conference centers.Litigation support analysis involving the valuation of hotelassets and real estate valuations.Preparation of offering memorandums for the potentialsale of land and hospitality assets.REPRESENTATIVEPROJECTSMarket feasibility analysis utilized in support of thedevelopment of a proposed $180 million mixed-use FourSeasons Resort, which contains a 120-room luxuryhotel, whole ownership condominiums, and vacationownership units, located in Vail, Colorado.Negotiation of a DDA (Disposition and DevelopmentAgreement) for the sale of land to be utilized for a ResortDevelopment adjacent to two 18-hole golf courses inMonterey, California to include a 330-room MarriottResort, 170-unit Vacation Ownership development, and125 residential lots.