Sheraton Hotel Redding At Sundial Bridge - Redding Record ...

SUMMARY OF VALUE PARAMETERS
Number of Years to Stabilize: Five (after opening)
Stabilized Year: 2016/17
VALUE OPINIONS AS OF FEBRUARY 9, 2011
“As Is” Market Value: $0
VALUE OPINIONS AS OF JUNE 1, 2012
Income Capitalization Approach: $17,500,000
Sales Comparison Approach: $17,600,000
Cost Approach: $19,700,000
“When Complete” Prospective Market Value: $17,500,000 ($134,615 per room)
Value Opinion as of June 1, 2016
“When Stabilized” Prospective Market Value: $20,400,000 ($156,923 per room)
ASSIGNMENT CONDITIONS
Extraordinary Assumptions: The analysis is based on the extraordinary assumption
that the described improvements have been completed as
of the prospective "when complete" date of value. The
reader should understand that the completed subject
property does not yet, in fact, exist as of the date of
appraisal. Our appraisal does not address unforeseeable
events that could alter the proposed project and/or the
market conditions reflected in the analyses; we assume
that no significant changes, other than those anticipated
and explained in this report, will take place between the
date of inspection and date of prospective value.
Additionally, our opinion of the stabilized market value of
the subject property prospectively, as of the date of
stabilization, assumes that the hotel will be maintained in
good competitive condition and that no major changes
will have occurred in the local market or national
economy that would impact the performance of the
property at that time.
February-2011 Summary of Salient Data and Conclusions
Sheraton Hotel Redding At Sundial Bridge – Redding, California 7