Hotel Valuations in the Sunshine State: What the Tax Man Misses
Florida’s hospitality market is as dynamic as its coastline. But with revenue per available room (RevPAR) shifting by season based around Florida’s tourism trends and labor costs rising fast that drag down a property’s net operating income, many hotels are struggling to maintain consistent profitability. That doesn’t always stop appraisers from issuing sky-high valuations. Key Issues…
