INDUSTRY INSIGHTS

HVS provides thousands of articles on all aspects of hospitality, including hotel valuations, investing, lending, operations, asset management, and much more.
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Don't Forget Your Waste Audit

Although you think you have audited and reviewed every aspect of your hotel's operations, i bet you have not performed a solid waste audit.

Now is the Time to Review Your Hotel's Property Tax

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.

Property Tax Assessments for Hotels and Motels

One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.

The Valuation of Hotels and Motels for Assessment Purposes

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.

Time To Reduce Property Taxes

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.

The Valuation of Distressed Hotels

Today's hotel market is in a state of chaos. The overbuilding of the 1980s coupled with the recession of the 1990s has sent hotel occupancies in many parts of the country plummeting.

Understanding Economic Life

Economic life is the period when improvements to a property contribute to property value. Hotels and motels have a definite life span of positive cash flow.

Adjusting Comparable Sales for Hotels Assessment Appeals

While working on a property tax appraisal for a 500-room downtown Sheraton hotel, we were confronted with a comparable sale which, on the surface, did not support our opinion that the subject property was overassessed.

It's a Good Time to Review Your Taxes

With declining occupancies a problem in many areas of the country, along with increasing mortgage interest rates and inflation, it is a good time to review your property taxes and possibly commence a formal appeal to have them reduced.

GOPPAR, a derivative of RevPAR!

This article shows the pitfalls of RevPAR, and elaborates on the advantages of using a complementary performance measure, GOPPAR.