Why the "Rushmore Approach" is a Better Method for Valuing the Real Property Component of a Hotel

January 9, 2006
By Steve Rushmore

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About Steve Rushmore

Steve Rushmore is the founder of HVS, a global hospitality consulting organization with more than 50 offices around the globe. He is focused on future office expansion and new product development outside the United States. Steve has provided consultation services for more than 15,000 hotels throughout the world during his 40-year career. For more information contact Steve at [email protected]

Summary

Hotel real estate tax theories and methodologies have long been a subject of controversy in separating the business value from the real estate. In a recent article published by the Journal of Property Tax Assessment and Administration...

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