The term Inn has been and is used for lodging facilities
ranging in size and type from high-rise hotels to that of the very small family
run lodges. For purposes of our discussion, the term Inn will be used to
describe a relatively small lodging facility with few amenities. In some cases
they are quaint facilities with themes relating to the past, and in others they
can be modern but small and cozy properties, all costing the traveler a modest rate for a good
Operating Inn properties are normally appraised as Going
Concerns, which includes the value of the land, buildings and all personal
property used in connection with the operation of the facility including
furnishings and business goodwill. Fee Simple appraisals are typically reserved
for closed or non-operational properties and typically will not include
furnishings unless requested by the client.
ELLIOTT® & Company Appraisers, appraises Inns anywhere
in the United States. Our professional staff knows the lodging industry and how
to accurately value lodging properties.