77-Room Hotel
$2,900,000
$884,021
$884,021
The property
A 77-room hotel with furnished guest rooms, an indoor pool, laundry facilities, commercial and service areas, extensive paved parking, sidewalks, landscaping, and exterior lighting.
The study
Our team inspected the hotel and identified a broad range of shorter-life assets. These included guest-room furniture and equipment, decorative finishes, dedicated electrical and plumbing, laundry and service-area components, parking and concrete improvements, site lighting, and landscaping.
The result
The study reclassified approximately $884,000 into 5- and 15-year property. More than $626,000 was assigned to 5-year assets, allowing the hotel owner to accelerate a significant portion of the property’s basis through 100% bonus depreciation.