The valuation blind spot

As IHIF EMEA 2026 convenes under the theme Returns Redefined, Value Reimagined, a new briefing published by Valpas exposes a structural gap in how hotel assets are valued: every physical condition risk in a hotel — structural integrity, fire safety, water quality, HVAC performance — has a standardised inspection, a certification requirement, and a recognised impact on transaction value. Every risk except one. Bed bug infestation risk has historically sat in facilities budgets as an unpredictable operational cost: invisible in due diligence, unquantifiable in underwriting, absent from ESG reporting. The briefing — titled The Valuation Blind Spot — maps the regulatory, technological, and market forces that are converging to close this gap, and examines what the evidence from Paris and other early-adopting markets reveals about how quickly the shift is occurring.

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