Volcanic Eruption Destroys Luxury Hotel Development

John Lomicky

Written by
— Updated on April 10, 2019

Business / Real Estate Valuation ExpertThis case involves a policy dispute over a hospitality company that was in the process of developing a five-star resort property on a volcanic island. The resort was at the bottom of the volcano which had been dormant for many years and appeared to be a safe location for development. While the resort was in development, the volcano erupted and damaged the resort property and all the buildings that had been constructed. A valuation expert was sought to perform a business and real estate valuation for the resort and development and opine on the value on the development as a whole.

Question(s) For Expert Witness

  • 1. Please describe your business and property valuation experience, specifically within the hospitality industry if applicable.
  • 2. Have you ever performed valuation and/or appraisal of a property that has undergone a natural disaster, such as the one described?

Expert Witness Response E-079384

I have been qualified in federal court as an expert appraiser for properties, including full-service hotel and resort properties, and I hold an MAI designation as an appraiser. I have experience reviewing and appraising similar properties to this, and I am currently involved in the valuation and appraisal of properties affected by floods.

Contact this expert witness

Find an Appraisal Expert Witness Near You

What State is your case in?

AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY