Author: Martens Appraisal

The U.S. hotel industry reported occupancy decreased 1% to 65.3%, but a 1.3% increase in ADR to $127.59 raised RevPAR 0.3% to $83.36 during the week ending 2 March. The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR. In comparison with the week of 25 February through 3 March 2018, the industry recorded the following: • Occupancy: -1.0% to 65.3%• Average daily rate (ADR): +1.3% to US$127.59• Revenue per available room…

Read More

For the past several years, the appraisal profession has battled the fact that a significant percentage of its workforce is aging. And as a greater number of appraisers approach retirement age, fewer newcomers are jumping in, meaning that their ranks are dwindling, and fast. A survey conducted last year by the National Association of Appraisers revealed that 18.5% of the 500 active appraisers surveyed planned to retire in two to five years, while 18.7% planned to retire in six to 10 years, meaning that within a decade, almost 40% of the appraisal…

Read More

The Green New Deal would lead to significant overhauls in how U.S. real estate is developed and how Americans go about their daily commute. The bill, which is not expected to pass an upcoming vote in the U.S. Senate, also calls for “upgrading all existing buildings in the United States.”  The Green New Deal, introduced by U.S. Rep. Alexandria Ocasio-Cortez (D-NY) and U.S. Sen. Ed Markey (D-MA), promises to tackle both global warming and income inequality. The bill warns global warming will cause the U.S. to lose $500B in economic output by…

Read More

January temperatures chilled parts of the United States to record lows as hotel performance in some markets froze while others cranked up the heat. On 3 January, a few sections of the Polar Vortex split away from their usual area over the North Pole, and moved down to the United States’ Great Lakes area. With these splits came temperature drops and wind chills below minus 40 degrees Fahrenheit, the coldest since the early 1990s, according to the National Weather Service. The effects of this Polar Vortex split will be felt…

Read More

Martens Appraisal provides expert commercial appraisal services for apartment (multi-family) properties throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Martens Appraisal provides apartment (multi-family) appraisals. We have experience in a variety of apartment (multi-family) types including duplex portfolios, FHA properties, large apartment complexes, age-restricted, LIHTC properties and assisted living properties. Whether you are a tenant in need of understanding the market lease rate for space, an investor considering purchasing, or a bank in need of an appraisal to accompany a loan, Martens Appraisal can help.…

Read More

During the week of 10-16 February, U.S. hotel occupancy rose 0.7% to 63.5%, ADR increased 2.7% to $131.99 and RevPAR rose 3.4% to $83.88. The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR. In comparison with the week of 11-17 February 2018, the industry recorded the following: • Occupancy: +0.7% to 63.5%• Average daily rate (ADR): +2.7% to US$131.99• Revenue per available room (RevPAR): +3.4% to US$83.88 Among the Top 25 Markets, San Francisco/San…

Read More

Martens Appraisal professionals have served as expert witnesses and have provided valuation and advisory services in connection with bankruptcies, eminent domain, utility and pipeline easements, adverse possession, condemnation, condemnation appeal, inverse condemnation, divorce settlements, breaches of contract, tax appeal, and tenant-landlord disputes among others. Our experts have testified in local, state and federal courts. Marten’s Appraisal litigation support professionals are dedicated to assisting clients with the planning, preparation and presentation expertise that is unique to real estate-based legal challenges. OUR CAPABILITIES Martens Appraisal has the resources to help solve any…

Read More

Martens Appraisal provides expert office property commercial appraisal services throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Martens Appraisal provides expert office property appraisals. We have experience in a variety of office configurations. Our expertise ranges from small office condominiums and coworking spaces to larger office parks, we have also done extensive work on medical office properties. Additionally, we have appraised office configurations within a variety of markets, both from a locational standpoint, as well as a market-cycle standpoint. Whether you are a tenant in…

Read More