Hotel Appraisal & Hospitality Consulting Lake Tahoe California
Scope of Work:
Hospitality Consulting & Hotel Appraisal, Lake Tahoe, CA
Description of Project:
Florida T. Booth, a Hotel Consultant with HTL Hotel Advisors, performed a Hotel appraisal of a nationally known resort in the Lake Tahoe region of California to estimate the market value of the fee simple interest in the public space and related management fee income from the hotel condominium units. Further, our research and analysis included the separation of business income from the management of the condominium units from the market value to successfully challenge the County’s real property tax assessment. In addition, the report estimated the value of the development rights for an entitled parcel of land on the site.