Hotel Property Taxes: An Opportunity to Cut Costs
According to the March 2022 edition of CBRE’s Hotel Horizons national forecast report, the total revenue for a typical U.S. hotel is not expected to return to 2019 nominal dollars until 2023. Accordingly, hotel owners and operators continue to seek ways to control expenses. One potential reduction opportunity is property taxes. Based on a sample of 3,400 hotels from CBRE’s Trends in the Hotel Industry database, U.S. hotel property tax expenditures declined by 13 percent […]
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