Areas of
Competence
Significant Assignments
Professional Experience
Published Articles, Teaching, and
Seminars
AREAS OF SPECIAL COMPETENCE
Valuation of Challenging Valuation Situations and Complex Ownership Interests: Over 22 years experience appraising challenging valuation situations and complex ownership interests including: equity ownership interests in mixed-use complexes subject to complex loan structures, equity member interests of minority partners in LLCs, quasi-equity lease interest in Class A office building, component asset allocation analysis for hospitality and other operating properties, conservation easements, sandwich lease interests, ground leases, air right ownership and leasehold interests, TIF agreements, franchise agreements, management agreements, development agreements, partial interests, easements.
Valuation, Appraisal, and Consulting Services to the Hospitality Industry: More than 15 years experience providing valuation and consulting services to the hospitality industry including convention hotels, luxury full service hotels and resorts, full and limited service hotels, extended-stay hotels, and specialty hospitality properties.
Valuation of Owner-Occupied Real Estate for Ad Valorem Assessment Purposes: Extensive experience appraising owner-occupied real estate for ad valorem assessment purposes with special expertise with hotels, resorts, hospitality properties, and power generating facilities. This service uses a Component Asset Allocation Valuation Methodology developed by Mr. Gloodt.
Valuation for Dispute Resolution Purposes: Extensive experience providing valuation counseling services and appraisals for dispute resolution purposes involving litigation for ad valorem assessment purposes, business disputes, bankruptcy, estate planning, marital disputes, and IRS purposes.
Challenging Valuation Issues/Complex Properties: Westin Diplomat Resort, Convention Center, and Country Club, Hollywood, FL; River East Center Mixed Use Complex, Chicago, IL (Marital Dispute); Nemacolin Woodland Resort & Spa (Property Tax Appeal); Collins Station Power Plan, Morris, IL (Property Tax Appeal); Amway Grand Plaza Hotel, Grand Rapids, MI (Property Tax Appeal); Little Nell Resort and Snowmass Resort (Financing); Embarcadero Center Mixed-Use Complex (Financing); Montreal Commercial Property Portfolio (Financing); Chatswood Connection Development Site, Sydney, Australia (Workout/Asset Management); 320 N. Meridian Office Building Equity Lease Analysis, Indianapolis, IN (Litigation Support); Reynolds Aluminum Industrial Building; GROWS and Tullytown Landfills (Property Tax).
Hotel and Hospitality Properties: Fairmont Hotel- Chicago; Hotel Aspen, Aspen, CO; The Abbey Resort, Lake Geneva, WI (Development Consulting); Resort at Squaw Creek, Lake Tahoe, CA; Hyatt McCormick Place, Chicago, IL (Asset Mgt); Chicago Hilton & Towers, Chicago, IL; Sheraton Hotel & Towers, Chicago, IL; Four Seasons- Chicago, Chicago, IL; Westin River North, Chicago, IL (Property Tax); Renaissance Suites- O’Hare, Chicago, IL; Doubletree Corporate Woods, Overland Park, KS (Property Tax); Marriott- Austin, Austin, TX (Property Tax); Marriott Baltimore- Inner Harbor, Baltimore, MD.
Peter Gloodt, MAI, ISHC is owner and Executive Director of Gloodt Associates, Inc. Mr. Gloodt’s previous experience includes Director of USRC’s Chicago Hospitality Practice, Managing Director of Landauer Hospitality Group’s Midwest Hospitality Consulting and Appraisal Practice, Executive Director and Owner of Gloodt Associates, Inc., a national commercial and hospitality appraisal and consulting practice, and Manager with Pannell Kerr Forster, a national accounting and consulting firm that specialized in serving the hospitality industry.
EDUCATION
Masters, Real Estate Appraisal and Investment Analysis, University of Wisconsin
Bachelor of Science (Major: Finance), University of Florida
American Institute of Real Estate Appraisers, Faculty Training Seminar, Chicago, IL, May 1988
Various Appraisal Institute classes and seminars
Various continuing professional education seminars
PROFESSIONAL AFFILIATIONS
Appraisal Institute with the MAI designation
International Society of Hospitality Consultants (ISHC)
Member, University of Wisconsin Real Estate Alumni Association
STATE CERTIFICATION
Certified General Real Estate Appraiser in Illinois and Michigan.
PUBLISHED ARTICLES, TEACHING, AND SEMINARS
Adjunct Professor, Moraine Valley Community College, “Appraisal Methods”.
Speaker, “Valuation Issues Involved With the Appraisal of Troubled Hotels”, HAMA Fall 2002 Seminar, Atlanta, GA, September 25-26, 2002.
Speaker, “Applying the Model – Hotels”, American Property Tax Counsel Fall 2001 Seminar, Scottsdale, AZ, November 2001.
Article: “When a Hospitality Business is Married to a Real Estate Asset, How Do You Split the Marital Assets in a Divorce?”, Journal of Multistate Taxation, Summer 1998.
Speaker, “Segregation and Valuation of Intangibles Associated with Real Estate”, 1998 ABA-IPT Advanced Property Tax Seminar for the ABA Section of Taxation and Institute for Professionals in Taxation, New Orleans, LA, March 1998.
Speaker, “Problems in Hotel Valuation: Extracting and Measuring Value Components”, IAAO 18th Annual Legal Seminar for the International Association of Assessing Officers, Chicago, IL, December 1997.
Instructor, "Basics of Hotel Appraisal", two day seminar presented to the PKF Management Advisory Services (MAS) Group, PKF 1987 National MAS Conference, Houston, TX, September 1987.
Teaching Assistant, "The Real Estate Process", University of Wisconsin-Madison, Fall 1982.