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Title
Letter from David C. Lennhoff, MAI, CRE.
Abstract
Presents a letter from David C. Lennhoff, a proponent for using the business enterprise valuation method for hotels, commenting on Stephen Rushmore's article "Why the Rushmore Approach Is a Better Method for Valuing the Real Property Component of a Hotel," which appeared in the fourth-quarter issue. Presentation relating to the total property value; Valuation of the real property component of the hotel; Calculation of depreciation.