Valuations and Market Feasibility Analysis

QUALIFICATIONS OF

SCOTT D. SMITH, MAI

PROFESSIONAL HISTORY

Present President, Smith Hospitality Advisors, LLC - Atlanta, Georgia

Prior Managing Director, CBRE Hotels - Atlanta, Georgia

Partner, PKF Consulting - Atlanta, Georgia

Senior Appraiser, Cushman and Wakefield of Georgia - Atlanta, Georgia 

Vice-President, First Interstate Bank – San Diego,  California

Consultant, Laventhol and Horwath – Los Angeles, California

AREAS OF EXPERTISE

Economic, financial, operational and valuation consulting for the real estate, hospitality and related service industries

REPRESENTATIVE PROJECTS 

Numerous market and economic feasibility studies for hotels, motor hotels, and resorts in the United  States and Caribbean. Acquisition studies and development planning for numerous hotels and resorts.

Appraisal of the market value of all types of income producing properties including: hotels, office buildings, golf courses, mixed-use and retail develop­ments.

Preparation of master plan studies for the development of multi-use real estate projects in the Southeast. These studies include highest and best use analyses for the proposed site, market and financial feasibility analyses, economic valuations and development of the management structure for project implementa­tion. 

Development of reorganization plans and expert testimony in court for bankruptcy proceedings associated with all types of hotels.

Preparation of cash flow and return on investment calcula­tions for proposed, operating and distressed hotels, resorts, fractional interest and luxury residential developments. Appraisal of the market value of large real estate portfo­lios.

EDUCATION

University of Tennessee, Knoxville, Tennessee B. S. Degree, Business Administration

Various courses and seminars related to real estate valuation issues and topics, leading to MAI designation, and to satisfy continuing education requirements.

Currently certified by the Appraisal Institute under its continuing professional education program.

PROFESSIONAL MEMBERSHIPS

Member of the Appraisal Institute

Georgia Certified General Appraiser - CG005124

Florida Certified General Appraiser -. RZ002132

North Carolina General Certified Appraiser – A5985

Alabama Certified General Property Appraiser No - G00720

Texas Certified General Appraiser No – TX-1338357

Louisiana Certified General Appraiser – APR.2959-CGA 

Tennessee Certified General Appraiser - 2106