Narayanan, Supreena; Agarwal, Nikesh; Weissenberger, Leisha - EconWPA - 2004
This paper presents the valuation of Boca Resorts Inc. a luxury recreational lodging business based in the United States. The McKinsey model was implemented in order to conduct this valuation. The final equity value obtained in this valuation is lower than the market value of the firm and this...