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HVS performed a feasibility study of a proposed expansion of the Midwest Airlines Center (formerly known as the Midwest Express Center) and estimated the economic impact of the proposed expansion.
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Toughen Underwriting Requirements
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Interest Rates affecting Real Estate values
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Hotel Loan and what they should cost you
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Refinancig hotel costs
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During 1996 hotel values in some parts of the US have increased by as much as 60 percent
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Franchise Affiliation
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While some argue that an additional hotel can create positive impact on the chain by increasing its brand awareness, most impact disputes focus on the potential loss of business when a traveler has a choice between two hotels with identical brands.
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Factors both internal and external to a hotel property affect its value, and in turn, its property tax burden. In most cases, an experienced hotel appraiser, employing a proven appeal protocol, is needed to determine whether a property is unfairly assessed.
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Development Cost Can Determine Feasibility