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- Title
The Cost Approach and Hotel Valuation: A Classic Solution to a Modern Problem.
- Authors
JORCZAK, TIMOTHY A.
- Abstract
The article focuses on the use of cost approach as an alternative to income capitalization for valuation of hotel properties. Topics discussed include the formula for computation in cost approach that uses the principle of supply and demand and principle of contribution, the limitations, and the significance of depreciation in the said approach. Other topics include the practicality, sale price validation, and the reliability of the approach through the use of correct data.
- Subjects
VALUATION of real property; EQUITY (Real property); HOTEL sales &; prices; SUPPLY &; demand; DEPRECIATION
- Publication
Journal of Property Tax Assessment & Administration, 2016, Vol 13, Issue 2, p35
- ISSN
1357-1419
- Publication type
Article