Unlocking hospitality property tax success through strategic expertise, maximizing savings, and minimizing financial burdens
Valuing Hospitality Assets: Unique Challenges
The revenue generated by hospitality properties heavily influences their value. Analyzing room rates, occupancy levels, average daily rates (ADR), revenue per available room (RevPAR), and other revenue-related metrics is essential in accurately assessing the property’s worth.
The hospitality industry is highly sensitive to market conditions, including tourism trends, local demand, and economic factors. Understanding market dynamics and their impact on hotel performance is crucial for an accurate valuation.
Assessing operating expenses is vital to understanding the profitability and value of a hospitality property. Analyzing expenses related to staffing, maintenance, utilities, marketing, and other operational aspects requires expertise in financial analysis and industry knowledge.
Achieving Lower Valuations: Our Approach
Our seasoned team conducts a thorough analysis of the hospitality property, considering revenue analysis, market conditions, operating expenses, and other relevant factors. This comprehensive analysis ensures an accurate valuation that reflects the property’s true worth.
We leverage extensive market research and perform comparative analyses of similar hospitality properties and hotels in the area. By benchmarking against comparable properties and assessing their assessed values, performance metrics, and market trends, we advocate for fair valuations based on accurate market data.
We identify opportunities for expense optimization, such as examining operating expenses for potential reductions or identifying cost-saving measures specific to the hospitality industry. By maximizing operational efficiencies, we help our clients minimize their property tax liabilities.
A full life-cycle partner from acquisition to disposition
Our team prepares tax projections for you as you are in the due diligence and underwriting period. Quick numbers, or a full report for an equity partner.
Real Estate Tax Appeals & Litigation
Our team is aggressive through the board level to achieve favorable results. We pursue and partner with you through litigation when needed.
Budget Estimates and Future Tax Projections
Our experts guide you in future tax projections, utilizing local knowledge of historical trends to help you budget going forward.
Tax Bill Audit & Check Writing Services
Full outsourcing of the check writing process is available through KEA. We paid more than $2 Billion in property taxes alone last year on behalf of clients.
Best in class software architecture for real estate appeal management
Our large, in-house software development team has built a first-class web-based application that is proprietary to KEA. This allows for portfolio tracking, immediate document downloads (notices, bills), accruals, and status tracking.