The former Playboy Club Hotel & Resort - A 654-room facility in two 8-story wings with a 5-story central core, including 65,000 SF of meeting space, in-door and outdoor tennis courts, multiple restaurants, gift shops, retail outlets, and various other amenities. A number of the rooms had been converted over the years to condominiums, low-lost housing and time-share ownerships. The appraisal assignment contemplated a revitalization of the property to a 500-room lodging facility. At the time of inspection, most of the building was dark and non-operational.
An 11-story, 440-room hotel with 13.990 SF of meeting space. Located just off I-287 in Franklin Twp, Somerset County, NJ. The assignment contemplated the proposed repositioning of this troubled asset into a 220-room full-service, Crowne Plaza; a separate 100 room limited service hotel; as well as a 44,750 SF net leased wellness center.
A recently renovated 12-story, 325 guestroom hotel with 24,809 SF of meeting space. Located in downtown Springfield, MA.
Appraisal of a distressed 86-room limited service hotel located just outside of the military bases of Paris Island and Beaufort Marine Corps Air Base. Purchased in 2005, the competitive market had changed dramatically with the construction of three new hotels nearby within the next 4-year period.
Appraisal completed for estate planning purposes. Value Place- Murfreesboro, TN Value Place- San Antonio, TX Value Place-Linexa, Kansas City, MO Value Place-Knoxville, TN Value Place- Alcoa, TN
Restaurant, B&B and Catering Facility - The appraisal of a proposed complete renovation of the property. Expanding it from its existing 26,797 SF to a proposed 34,014 SF, at a cost of nearly $2.5-million. The renovated property was to feature a 21,774 SF Restaurant/Catering Facility, in addition to the 22-room B&B, plus a 4,186 SF cottage suite. This assignment included a thorough analysis of the B&B market within the New Hope, PA area.
An 89-room Courtyard hotel constructed in 2006 and containing 53,839 square feet. Situated on a ground-leased site near Hudson Valley Mall.