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I saw a good old thread on hotel valuation and PIPs.
https://appraisersforum.com/forums/threads/deductions-for-hotel-values.170814/
I had some follow up questions.
So you've got a hotel that is listed for sale at $5M but it has $1M in PIPs. $200K of that is FF&E. Would you deduct the...
I am an appraiser in New Jersey and New York and was recently tasked with appraising an independent hotel in Cartersville, Georgia.
The subject was previously operated as a hotel in 2000 then was converted into an assisted living facility in 2010. It is currently under a contract of sale and...