In an effort to boost tourism and revenue many cities are offering broad-based municipal incentives in order to attract tourism developers.
The importance of completing a feasibility study and market analysis for waterpark properties. With money on the line, developers need clear answers.
2012 waterpark season pass price points and incentives show that passes boost revenue and attendance at waterparks.
When land is not available for purchase for hotel construction, a well negotiated ground lease can benefit both the developer and the land owner.
How a feasibility analysis answers the important questions and assist in the decision making process.
An appraisal of an indoor waterpark resort is similar to other appraisals in that it is a professional appraiser’s opinion of value. It is typically required by a lender before financing can be obtained for a new project. The scope of the project, including plans and development budgets, should be well defined prior to the
By: David J. Sangree, MAI, CPA, ISHC and Joseph Pierce, The economic upheaval of the past few years has impacted all industries. Nationwide, the hospitality industry experienced some of the sharpest declines in occupancy and average daily rate in 2009 since records have been kept. Gains in occupancy and rate that were made through the