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.
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.
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.”
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