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Appraising a Hotel or Motel
Hotel appraisals are required when a property is transacting or refinanced. Like most real estate investments, hotels and motels can be valued by the three common appraisal methods which include the Cost Approach, Direct Comparison Approach and the Income Approach. Hotels and motels are commonly bought and sold on their ability to generate income; therefore are most appropriately valued by Income Approach
Heads up to Retirees
My husband and I are in our early seventies, and are in our fourth attempt at retirement. We have pretty well always been self employed and in the Restaurant business for the last decade or two. That industry is very intense and requires hard work and long hours.