Where can I find the rate of return that is usual in a beach resort/hotel project?

I am working on my university thesis, and I am not sure where I can find data on how much the expected return can be if given a piece of land at the beach front, I build a hotel and villas in it. What sort of cash flow per invested $ can I possibly expect? Anybody have any ideas where I can start to look?Where can I find the rate of return that is usual in a beach resort/hotel project?
Depends on the area - like politics, all real estate is local.





The number you're looking for is the ';cap rate'; for the local area. Cap Rate is the property's operating income divided by the value.





It's a useful measure.





If you can estimate the operating income and know the cap rate you get a good indicator of the value of the project.





If you are give a price for the hotel and know the current cap rates, you can get a sense as to the income needed to get the project to return a reasonable rate.





Here's an article that discusses cap rates for hotels - it's a bit dated but should give you an idea.





Where do you find cap rates? Most commercial real estate bankers or investors know the cap rates for their markets. You might call a local bank commercial real estate lender in XYZ City, introduce your self as a student and simply ask ';what's the going cap rate on a beach resort in XYZ City';Where can I find the rate of return that is usual in a beach resort/hotel project?
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