03a. Abatement hearing- Travelodge
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03a. Abatement hearing- Travelodge
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Table of Contents <br />ix <br /> <br />Table of Contents <br />Certification ......................................................................................................................... i <br />Executive Summary ............................................................................................................. ii <br />Subject Photographs ............................................................................................................ vi <br />Table of Contents ................................................................................................................ ix <br />Introduction ........................................................................................................................ 1 <br />Area Analysis ...................................................................................................................... 5 <br />Neighborhood Analysis ....................................................................................................... 7 <br />Site Analysis ...................................................................................................................... 11 <br />Improvements Analysis ...................................................................................................... 15 <br />Zoning .............................................................................................................................. 18 <br />Tax and Assessment Data .................................................................................................. 20 <br />Market Analysis – Macroeconomic ..................................................................................... 22 <br />Market Analysis - Hotel ..................................................................................................... 26 <br />Highest and Best Use ........................................................................................................ 41 <br />Appraisal Methodology ..................................................................................................... 42 <br />Income Capitalization Approach ........................................................................................ 43 <br />Sales Comparison Approach ............................................................................................. 72 <br />Reconciliation of Value ...................................................................................................... 77 <br />Real Property Value Allocation ........................................................................................... 78 <br />Assumptions and Limiting Conditions ................................................................................ 81 <br />ADDENDA <br />A Subject Information <br />B Improved Sale Data Sheets <br />C Hotel Comparable Data Sheets <br />D Operating Data <br />E Smith Travel Research Report <br />F Tax Statement <br />G Client Contract Information <br />H Qualifications
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