hotel

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...