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Appraisal & Tax Appeal Appraisal

Because H&LA is solely focused on the hospitality industry, we have the resources and expertise to ensure well-researched and reasoned appraisal reports for our clients. Our thorough and expert analysis of market data, financial acumen, sophisticated hospitality valuation model, and understanding of hospitality concepts makes us uniquely positioned to deliver an appraisal report that lenders, developers, and owners can use to fulfill their individual needs.

H&LA utilizes sophisticated hospitality valuation models that provide detailed analysis of a market to determine the value of a property. Our analysis considers the income capitalization approach, sales approach, and cost approach, with a primary focus on the income capitalization approach for a hospitality project. We review data generated from Smith Travel Research, the Host Study, International Association of Amusement Parks and Attractions, the World Waterpark Association, National Ski Area Association, the American Resort Development Association, the National Golf Foundation, and the National Restaurant Association.

The appraisal report includes the following components:

  • Property inspection
  • Area, demographic, and neighborhood analysis
  • Market analysis
  • Subject performance
  • Highest and best use analysis
  • Financial analysis
  • Valuation analysis utilizing:
    • Income Capitalization Approach
    • Sales Comparison Approach
    • Cost Approach
  • Reconciliation of value

President David J. Sangree holds the Appraisal Institute’s MAI designation. An appraiser with the MAI designation exceeds the state certification and licensing required of all appraisers. When you hire an MAI, you receive the services of a professional with specialized training and experience in the appraisal industry who adheres to specific standards and ethics and must fulfill continuing education requirements. He and our experienced H&LA staff prepare the highest quality real estate appraisal reports for the hospitality industry. All of our appraisers are state licensed and adhere to the strict state and national standards of appraisal practice.

Additional appraisal services we offer include:

  • Appraisal reviews
  • Tax appeal appraisals
  • Appraisals to determine value of the going concern
  • Appraisals to allocate value among real estate, personal property, and any business value that may exist
  • Expert witness testimony in relation to any appraisal we prepare for our clients.  

We prepare hotel appraisals, waterpark appraisals, golf course appraisals, ski resort appraisals, conference center appraisals, casino appraisal, and amusement park appraisals.

View the Table of Contents for a typical MAI Appraisal.

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