Local Chapter Courses

Contemporary Valuation Issues Involving Golf Course & Hotel/Motel Properties

Hosted By Detroit Chapter

When
Tuesday, June 10, 2014

Cost
$100 Members | $125 After April 4, 2014
$125 Non-Members | $150 After April 4, 2014

Where
Holiday Inn Gateway Centre
5353 Gateway Blvd.
Flint, Michigan 48507

Instructor
Dr. Lawrence J. Golicz, PhD, ASA, MAI

Register Now

The valuation professional is challenged by a variety of issues involving golf courses, motels and hotels.

The primary challenges include the following efforts:

  • Determining the relevant property characteristics of the property (i.e., legal, physical and economic).
  • Analyzing income and expenses that are normal for the property.
  • Studying the appropriate property market, determining the highest and best use of the subject, and applying the applicable approaches to value.

This 8-hour program serves to provide a foundation for the professional to question and answer many of the issues in developing a property's market value (i.e., Michigan's true cash value).

This program is oriented to, and designed for, the valuation professional including Michigan assessing officers, real estate appraisers, business appraisers, personal property appraisers, accountants and brokers/salespersons.

The morning session is dedicated to the valuation of Golf Course properties and the afternoon session is focused on Motel and Hotel properties.

The following topics are covered throughout the morning session:

  • Identifying Golf Course properties and recognizing their relevant property characteristics. This includes
    terms that are often used in this industry and identifying non-real property components.
  • Determining the market and market participants that develop and invest in Golf Course properties as
    well as those that use them.
  • Understanding the process of determining the highest and best use of golf courses.
  • Considering and applying the three authoritative approaches available to valuing Golf Course properties (i.e., cost less depreciation, sales comparison, and capitalization of income). This includes considering allocation/separation of non-real property components.
  • Recognizing, identifying and measuring depreciation.
  • Reviewing the current economic climate of Golf Course properties.

The following topics are covered throughout the afternoon session:

  • Identifying Hotel/Motel properties and recognizing their relevant property characteristics. This includes terms that are often used in this industry and possible/identifiable non-real property components.
  • Determining the market and market participants that develop and invest in Hotel/Motel as well as
    those that use them.
  • Understanding the process of determining the highest and best use of a Hotel/Motel property.
  • Considering and applying the three authoritative approaches available to valuing Hotel/Motel properties (i.e., cost less depreciation, sales comparison, and capitalization of income). This includes considering the allocation and separation of non-real property components.
  • Recognizing, identifying and measuring depreciation.
  • Reviewing the current economic climate of Hotel/Motel properties.

CE Approvals

Pending

Contact

For more information contact Kristen Sieloff or call (248) 922-6219.

Please use this form if your chapter would like to have your event listed above: Chapter Education Request Form.