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During periods of economic stress in the hotel industry, smart owners and operators carefully review their hotel's property tax assessment to determine whether there is sufficient justification to seek a reduction.
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One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.
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THe valuation of hotels and motels is a highly specialized form of real estate appraisal, requiring not only a thorough understanding of the many principles and procedures of general appraising, but also an in-depth knowledge of hotel operations.
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If your hotel's property tax assessment has not dropped in the last five years, you may be paying more than your share of real estate.
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In this issue Steve Rushmore discusses his presentation given at the NYU Hotel Investment Conference.This presentation covered the latest valuation trends for the U.S. lodging industry.
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Steve Rushmore gave a keynote address to over 1,500 lodging industry leaders attending the NYU Hospitality Investment Conference in New York City. The topic was “Valuation Trends for the U.S. Lodging Industry.”
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Hotel Values in Europe - Current Trends
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Reporting In At Four Months.....
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During the late 1970s and early '80s, financial institutions were very busy financing, then refinancing, hotels across the United States. At the same time, a young Stephen Rushmore was busy trying to build a reputation for providing hotel valuation
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Over the past 15 years, lodging appraisals have become an important component of most mortgage applications and investment analyses.