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.
Toughen Underwriting Requirements
Interest Rates affecting Real Estate values
Hotel Loan and what they should cost you
Refinancig hotel costs
During 1996 hotel values in some parts of the US have increased by as much as 60 percent
Franchise Affiliation
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.
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.
Development Cost Can Determine Feasibility