Hospitality Property Valuation & Appraisal Expertise

Our appraisal process combines market intelligence, financial analysis, and specialized hospitality valuation models to determine accurate property values.

Hospitality assets require specialized valuation expertise, and that is our exclusive focus. We bring unmatched depth of knowledge, market insight, and financial sophistication to every appraisal assignment.

Our appraisal reports are comprehensive, defensible, and built to withstand scrutiny from lenders, investors, attorneys, taxing authorities, and courts. By combining in-depth market analysis, advanced hospitality valuation models, and a thorough understanding of operational performance, we deliver credible valuations that support financing, acquisition, disposition, tax appeals, and strategic decision-making.

A Comprehensive, Industry-Specific Approach

Our experienced appraisers and consultants conduct detailed market research and property-level analysis to determine value. Each appraisal considers the three traditional valuation approaches:

  • Income Capitalization Approach
  • Sales Comparison Approach
  • Cost Approach

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H&LA has two consultants who hold the MAI designation from the Appraisal Institute — a distinction that exceeds standard state certification requirements and reflects advanced education, rigorous experience, and strict ethical standards. All of our appraisers are state-licensed and adhere to the Uniform Standards of Professional Appraisal Practice (USPAP) and applicable state and national regulations.

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Additional Appraisal Services

  • Appraisal reviews
  • Tax appeal appraisals
  • Going-concern valuations
  • Allocation of value among real estate, personal property, and business components
  • Expert witness testimony related to appraisal assignments

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

View the Table of Contents for a typical MAI Appraisal.

Hotel Appraisal & Tax Appeal Appraisals

Frequently Asked Questions

  • What is a hotel appraisal, and why do owners need one?

    A hotel appraisal provides an independent opinion of value based on income potential, market conditions, and asset characteristics. Owners typically need appraisals for financing, refinancing, acquisition, disposition, partnership restructuring, or estate planning purposes.

  • How does a tax appeal appraisal differ from a standard hotel valuation?

    Tax appeal appraisals focus on establishing market value for property taxation purposes and often involve additional analysis of real estate, personal property, and business value components of the going concern value. These appraisals are designed to provide real estate valuation estimates for property tax appeals and may include testimony or documentation suitable for legal proceedings.

  • What valuation approaches are used in hotel appraisals?

    Hotel appraisals commonly utilize the income capitalization approach, supported by sales comparison and cost approaches where applicable. The income approach is typically emphasized due to the operating nature of hospitality assets.

  • Who typically requests a hotel appraisal?

    Hotel appraisals are requested by owners, lenders, investors, attorneys, tax consultants, and public agencies, depending on the purpose of the valuation.