Factors both internal and external to a hotel property affect its value, and in turn, its property tax burden. In most cases, an experienced hotel appraiser, employing a proven appeal protocol, is needed to determine whether a property is unfairly assessed.
The Subject Hotel The subject property is a branded four-star hotel in the urban core of a first-tier American city. It contains 300 rooms, two food and beverage outlets, ±20,000 square feet of meeting space, and a health club and spa with five treatment rooms.
A Feasibility Methodology for Developers Seeking Product Guidance | HVS is regularly approached by developers who have control of a site and a sense that new hotel development is economically justified thereon, but who need guidance as to what product type will generate the strongest return.