Mahoneys Special Counsel, Nicole Cleary, was featured in this month’s Resort News – where she discusses what impact COVID-19 might have on the valuations of short term letting businesses.
This is an important topic for the industry because management rights businesses have historically been bought and sold on values based on the nett profit for the prior 12-months.
As we are well aware, a lot of short term letting businesses – which rely on local tourism and overseas travellers – have been hard hit by COVID-19 lock downs and boarder restrictions.
In her article, Nicole covers this issue and provides some suggestions about how valuations might be calculated until the full impact of COVID has passed. Click here for Resort News Article