Horwath HTL was instructed to prepare, on behalf of a national lender, a Market Value of the resort to include the valuation of an expansion along with determining the effect of a tax abatement. The valuation was overseen by the Virginia office with support from the Miami office.
The assignment was challenging due to its required short closing time frame, its brand affiliation relative to its location and operational challenges as it related to the expansion and government tax credits. Horwath HTL was able to provide the US based lender a quick turnaround of a market valuation of the hotel asset.
Our valuation supported the successful closing of the loan in the required time frame.