The Impact of Hosting Olympic Winter Games
Week of April 6 to April 12
Week of April 13 to April 19
Week of April 27 to May 3
Week of April 20 to April 26
Don't Worry About Room Rates
Hoteliers may be able to do something about functional obsolescence. But external obsolescence - the social and economic context of a hotel - is beyond a hotelier's control.
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.
One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.
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.