I built this multi-scenario , value-add hotel investment model from scratch in Excel for an assignment in one of my real estate finance courses at Cornell. Keep in mind, this model is not plug-and-chug ready. However, with a few tweaks it works great for both back-of-the-envelope, and more detailed financial analysis.
This model is an example of a value-add hotel Excel model. To download an institutional-quality model, check out our A.CRE Hotel Valuation (Acquisition) Excel model
If you find errors, please let me know. Feel free to use, change, edit, etc.
For instructions on using the model: