For a closed-end real estate fund, a team of 5 consultants carried out an inventory and evaluation of the entire FF&E and SOE in the ongoing operation of two hotels. This served the fund to balance the hotel properties. This involved a hotel of an American brand with more than 230 rooms and another brand hotel with more than 120 rooms. The FF&E lists and valuations were included in the balance sheet and were part of the sales negotiations.