Is first always best?
Article Abstract:
Early construction of hotel buildings may not necessarily be ideal because the valuation process should take account of the economic conditions and the number of the competitors in the market. Investors may wait for some years before development can provide the most profitable use of the land. However, the projection of land value may be optimized by computing construction cost and cash flow based on their prevailing levels along with the related variables.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1998
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Hotel real estate tax valuation: current issues
Article Abstract:
Hotels' real property tax expenses have historically been treated as fixed expenses and are frequently their largest fixed operating expenses. Any savings achieved in hotels' annual real estate tax expenses directly improve profits and can also enhance hotel value. It is therefore most beneficial to hotel owners or top management to monitor real estate assessment of their hotels and to be alert for periodic over-assessment.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1998
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