An appraisal is a professional opinion of the value of a property. It is often used in the process of obtaining financing and to establish a market value for a sale. Regular appraisals may be required to assess the quality of a lender’s portfolio. Appraisals are often ordered by lenders, buyers, sellers, owners wishing to refinance, and investors.

An MAI designation by the Appraisal Institute means the appraiser exceeds the minimum state certification and licensing required of all appraisers. When you hire an MAI, you are getting the services of someone with specialized training and experience in the appraisal industry who adheres to specific standards and ethics and must fulfill continuing education requirements.

For more information about MAI Appraisals, click on these links to the Appraisal Institute:
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David J. Sangree, MAI, CPA, ISHC is certified by the Appraisal Institute and licensed to conduct appraisals in Ohio and many other states. He and his staff perform the highest quality real estate appraisal assignments focusing on hospitality industry-related real estate. The firm also performs appraisal reviews of other hospitality-related appraisals.

Hotel & Leisure Advisors utilizes a sophisticated hospitality valuation model which provides a detailed analysis of a market and determines the valuation for a property. Our analysis considers the income capitalization approach, sales approach, and cost approach with the primary focus for a hospitality project on the income capitalization approach.

View the Table of Contents for a typical MAI Appraisal.
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Tax Appeal Appraisals
A tax appeal appraisal is a specialized form of an MAI appraisal which is typically done in relationship to a tax assessment appeal by either the government or the property owner when wanting to determine the market value for assessment purposes.

Hotel & Leisure Advisors is available to prepare a market value appraisal to determine the real estate component of the going concern hospitality property. Our analysis performs a detailed review of the market and determines the going concern valuation. We then distribute that value between the real estate, personal property, and any business value component that may exist. David J. Sangree, MAI, CPA, ISHC, has testified in numerous tax appeal cases in various states for both the property owner and the government entities concerning appraisals performed.

Services

• Market and Financial Feasibility Studies
• Appraisals and Tax Appeal Appraisals
• Economic Impact Studies
• Impact Analysis
• Management Company Analysis
• Litigation Support and Witness Testimony
• Operational Analysis and Review
• Asset Management Services
• Project Development Analysis and Property Condition Assessment
• Other Development Services
• Seminars, Presentations, and Industry Research