Sheraton Hotel Redding At Sundial Bridge - Redding Record ...
Sheraton Hotel Redding At Sundial Bridge - Redding Record ... Sheraton Hotel Redding At Sundial Bridge - Redding Record ...
subject to the comments made throughout this report and to all assumptions and limiting conditions set forth herein. Sincerely, M&R Valuation Services, Inc. Elaine Sahlins Senior Vice President State Appraiser License (CA) AG002987 esahlins@hvs.com, +1 415 268-0347 Suzanne R. Mellen, CRE, MAI, FRICS, ISHC Senior Managing Director State Appraiser License (CA) AG003225 smellen@hvs.com, +1 415 268-0351
Table of Contents SECTION TITLE PAGE 1. Summary of Salient Data and Conclusions 6 2. Nature of the Assignment 9 3. Description of the Site and Neighborhood 17 4. Description of the Proposed Project 25 5. Market Area Analysis 33 6. Supply and Demand Analysis 46 7. Projection of Occupancy and Average Rate 57 8. Highest and Best Use 65 9. Approaches to Value 67 10. Income Capitalization Approach 69 11. Sales Comparison Approach 97 12. Cost Approach 106 13. Reconciliation of Value Indications 115 14. Statement of Assumptions and Limiting Conditions 118 15. Certification 122 Addenda Penetration Explanation i Explanation of the Simultaneous Valuation Formula v Engagement Letter State Appraiser Licenses Qualifications
- Page 1 and 2: February-2011 SUMMARY APPRAISAL REP
- Page 3: stabilization. Based on our analysi
- Page 7 and 8: SUMMARY OF VALUE PARAMETERS Number
- Page 9 and 10: 2. Nature of the Assignment Subject
- Page 11 and 12: Objective of the Appraisal an annua
- Page 13 and 14: Exposure Period The hotel is expect
- Page 15 and 16: Competency Scope of Work While mark
- Page 17 and 18: 3. Description of the Site and Neig
- Page 19 and 20: Physical Characteristics HOTEL SITE
- Page 21 and 22: SUBJECT SITE RENDERING AND SHARED P
- Page 23 and 24: Turtle Bay Exploration Park The sub
- Page 25 and 26: 4. Description of the Proposed Proj
- Page 27 and 28: Summary of the Facilities RENDERING
- Page 29 and 30: Public Areas all signage will adequ
- Page 31 and 32: Guestrooms Back-of-the-House ADA an
- Page 33 and 34: 5. Market Area Analysis Market Area
- Page 35 and 36: FIGURE 5-1 ECONOMIC AND DEMOGRAPHIC
- Page 37 and 38: FIGURE 5-2 HISTORICAL AND PROJECTED
- Page 39 and 40: Unemployment Statistics increased u
- Page 41 and 42: Airport Traffic Airport passenger c
- Page 43 and 44: Tourist Attractions Additionally, t
- Page 45 and 46: Conclusion frontage is back to norm
- Page 47 and 48: FIGURE 6-1 HISTORICAL SUPPLY AND DE
- Page 49 and 50: FIGURE 6-2 MONTHLY OCCUPANCY TRENDS
- Page 51 and 52: FIGURE 6-4 COMPETITORS - OPERATING
- Page 53 and 54: FIGURE 6-5 NEW SUPPLY DEMAND Propos
Table of Contents<br />
SECTION TITLE PAGE<br />
1. Summary of Salient Data and Conclusions 6<br />
2. Nature of the Assignment 9<br />
3. Description of the Site and Neighborhood 17<br />
4. Description of the Proposed Project 25<br />
5. Market Area Analysis 33<br />
6. Supply and Demand Analysis 46<br />
7. Projection of Occupancy and Average Rate 57<br />
8. Highest and Best Use 65<br />
9. Approaches to Value 67<br />
10. Income Capitalization Approach 69<br />
11. Sales Comparison Approach 97<br />
12. Cost Approach 106<br />
13. Reconciliation of Value Indications 115<br />
14. Statement of Assumptions and Limiting Conditions 118<br />
15. Certification 122<br />
Addenda<br />
Penetration Explanation i<br />
Explanation of the Simultaneous Valuation Formula v<br />
Engagement Letter<br />
State Appraiser Licenses<br />
Qualifications
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