Antonio Calvo is an Expert Appraiser, who has completed the Hotel Valuation Course, according to national and international standards, taught by the Official College of Surveyors, Technical Architects and Engineers of Madrid and the Building School Foundation in June 2020.

This course analyzes the characteristics of the hotel industry, according to its typologies and operating models, using the concepts used in the valuation of hotels, depending on the different contract models, ADR, RevPar, GopPar, GOI, GOP , CapEx, management fee, basic fee, etc. and the operational formulas, based on own management, franchise, rent, management contract, etc.

The Methods to be used by obtaining comparable witnesses, sales comparison, multiples method (Ebitda, ADR, RevPar, PER), DFC, book value, corrected book value.