Hotel personal prop. vs real property

[larryhaskell]

The book you're looking for at the AI is Hotels and Motels, Valuations and Market Studies by Stephen Rushmore and it does discuss FF & E.

 

[Rlong]

Banks do not want to lend 15 or 20 year money on funiture with a life of 5 years. As such most lending institutions require seperate values in the engagement. It wouln't be prudent...

B in CO

 

[Dennis J. Black ASA IFAS]

Standards 1, 2 7, 8, 9 & 10 may all apply. Depends on the SCOPE OF WORK. Were you asked to appraise the real property or the going concern?