Features
If you need to Build, Buy, Convert, Evaluate, Refinance or Invest, with XiScope Hotel you can produce a professional financial report in less than a day. XiScope Hotel should save you five or more days work, per project. Remember, an independent consultant may charge US$10,000 or more for a single study.
XiScope Hotel enables users to undertake, independently, their own market and financial feasibility studies and financial appraisals. The "model" allows users to input key data (and estimates) into the system, which in turn generates forecasts of profit and loss, return on investment analysis and cash flow forecasts for a project. This financial data is then automatically inputted and presented in a written report form, for printing.
- XiScope guides the entire process.
- Specialist knowledge is not required.
- Key market data which needs to be inputted by the user, includes information about relevant, existing and future hotels and developments, current room rates being achieved by potentially competing properties, key operating ratios amongst competitive hotels, and lastly, estimated construction costs.
- This market data is then input by a researcher through the web interface, or when travelling, and preliminary output and financial estimates/projections can be viewed immediately online by the individual or a supervisor, back in the office. Changes can be made to the project "scope", assumptions can be modified and the report will automatically adopt these changes, once re-run.
Unlike traditional spreadsheet systems, XiScope Hotel is fast and is securely accessed online from your Apple Mac, PC, laptop or any other computer via your browser, at any time and from anywhere in the world. Take a look also at our report Certification and project Mentoring.
XiScope Hotel is
- easy to use, even for non-specialists
- updated automatically online to the latest version of the software
- cost effective - can save significant time for consultants and professional advisers
- used by consultants and other professionals to produce high quality reports
- reliable - XiScope Hotel's embedded financial framework acts as a "seal of approval" that the internal working of the model is sound and secure
- reports - sample reports can be run at any time once your 'project' has relevant data
- configured to suit and benefit a wide range of different types of users and their access rights
XiScope Hotel produces and presents:
- the current and projected future hotel market environment in which the proposed development will operate
- detailed financial analyses
- the location for the proposed development
Financial Appraisal
Based on the results of the market appraisal, statements of estimated profit and loss are generated for the first five years of operation of the development and its facilities in a Base Currency at estimated actual year values, using assumed rates of inflation, and based upon an estimated opening date.
- statements of pre-tax cashflow for the project's first 10 years of operation are generated; and the project's Internal Rate of Return (IRR) on capital invested is calculated to indicate the viability of the project;
- financial projections can be prepared from the Base Currency based on an arithmetic conversion from the Currency at the prevailing rate of exchange, if so required.