Stellarum prides itself on doing complex valuations of hard-to-appraise assets, and in highly volatile points of the cycle. We put the time in, and write succinct reports, void of boilerplate templates.

Courtyard and Residence Inn at LA LIVE

Stellarum* appraised this dual-branded hotel, located in a single tower and shared a front desk, along with its very substantial electronic signage revenue. The historical profit and loss included payments from a TOT subsidy that was to earn out in the first year of the forecast. The signage income involved a third-party manager/broker and a mixed-use project HOA with a very complex commission structure.

Stellarum* was selected by Steinhauer Properties and coordinated with the appraiser picked by the departing partner to recommend a third appraiser.