Hotel A

Occupancy: the hotel's record against what the assessment needs

the hotel's best year: 46.3%

The hotel, 2022its operating statement

31.9%

The hotel, 2023its operating statement

46.3%

Competitive set, 2023

50.6%

Market, all classes, 2023

57.2%

The model's projection, stabilizedthe starting point here

56.0%

Needed by the assessment, rates 30% higher

82.9%

Needed by the assessment, rates 20% higher

91.0%

Occupancy as each source reports it; at today's rate and at rates 10% higher no occupancy reaches the assessment. Source: the market benchmarking reports on the file; the assessment battery.

Taxable value with the hotel 99% full

the assessment = 100

At today's projected room rate99% occupancy

At room rates 10% higher99% occupancy

Taxable value indexed: the assessment = 100. Even a full hotel at these rates does not reach it.

Occupancy as each source reports it; at today's rate and at rates 10% higher no occupancy reaches the assessment. Source: the market benchmarking reports on the file; the assessment battery.
Row	Detail	Value
The hotel, 2022	its operating statement	31.9%
The hotel, 2023	its operating statement	46.3%
Competitive set, 2023		50.6%
Market, all classes, 2023		57.2%
The model's projection, stabilized	the starting point here	56.0%
Needed by the assessment, rates 30% higher		82.9%
Needed by the assessment, rates 20% higher		91.0%

Taxable value indexed: the assessment = 100. Even a full hotel at these rates does not reach it.
Row	Detail	Value
At today's projected room rate	99% occupancy	68
At room rates 10% higher	99% occupancy	96

Horwath HTL — When an assessment asks a hotel to do what it never has 2026