April 18, 2023 @ 8:30 am – 10:30 am
400 S Hope St 25th floor
Los Angeles, CA 90071
Lianna Ayala
(818)957-5111 (2)



This presentation will address historical and expected performance in the lodging sector, including nationwide as well as top California submarkets. The presentation will also include the latest information on interest rates, cap rates, and discount rates, and how those are affecting hotel values. Other topics will include a discussion on hotel transactions, vacation rentals, new hotel supply, and outlook for the coming year.

SPEAKER: Luigi Major, MAI

Managing Director Luigi Major, MAI, oversees the firm’s Southern California practice and is based in Los Angeles. Since 2007, Luigi has worked on consulting assignments for more than 1,000 hotels and resorts throughout the U.S., Latin America, and the Caribbean, including several large-scale, international hotel portfolios and mixed-use developments. He has experience with all hotel asset classes and specializes in proposed developments. Luigi graduated from the University of Houston’s Conrad N. Hilton College of Hotel and Restaurant Management. He joined the HVS Dallas office in 2007 and has worked with the HVS Mexico City office and the HVS Houston office before relocating in 2018 to Los Angeles to oversee the firm’s Southern California practice. In addition, Luigi has authored numerous articles on the performance trends and dynamics of hotel markets in which he has worked. He is a Designated Member of the Appraisal Institute (MAI) and a state-certified general appraiser.

Cancellation Policy

Up To 15 days prior to program start date, $10.00 cancellation fee.

2 – 14 days prior to program start date, $20.00 cancellation fee.

Less than 2 days prior to program start date, forfeit of payment.

Additional Information

400 S. Hope St.

25th Floor
Los Angeles, CA 90071

Disclaimer Information


With the recent transition to the Appraisal Institute’s NetForum registration system, attendance certificates will be available for download directly through the AI’s national website. The procedure to obtain your certificate is:

Go to www.appraisalinstitute.org

Log into Your AI Account

Select Education/Events on the right sidebar

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Scroll to the specific offering which shows Registered and click

At the very bottom of the screen, click Retrieve Certificate

NOTE: Allow a minimum of ten business days for certificates to be available. The Chapter office cannot view, nor can we retrieve copies of your attendance certificate. Anyone having difficulty accessing their certificate should contact the Education Delivery Services Dept. directly at [email protected].

Program materials can be downloaded by the student.

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.

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