When taxes and lender criteria are considered, the estimated value of a hotel property can change. The effect of taxes, for instance, may well be to increase to a potential buyer’s bid for a given property.
deRoos, J. A., & Rushmore, S. (1995). Investment values of lodging property: Modeling the effects of income taxes and alternative lender criteria [Electronic version]. Cornell Hotel and Restaurant Administration Quarterly, 36(6), 62-69. Retrieved [insert date], from Cornell University, School of Hospitality Administration site: http://scholarship.sha.cornell.edu/articles/171/