Land Value

Land Value Drivers

• Location type: Urban (higher land value) vs. rural (lower land value)
• Acreage: Larger properties in rural areas may have lower per-acre values
• Market land prices: Local per-acre land values
• Tax assessor ratios: County land-to-improvement ratios
• Comparable sales: Recent hotel land allocations in the market
• Improvements: Building quality, renovations, FF&E relative to land

Typical Ranges

• Urban hotels: 25-45% land value
• Suburban hotels: 15-30% land value
• Rural/estate properties: 10-25% land value
• Mountain/resort: 15-35% land value

Output Schema

{
  "landValueAllocation": {
    "recommendedPercent": "XX%",
    "confidence": "high | medium | low",
    "marketRange": "XX% - XX%",
    "assessmentMethod": "string (e.g., 'County tax assessor ratio', 'Comparable sales analysis')",
    "rationale": "Why this land value percentage is appropriate for this property and market",
    "factors": ["factor 1", "factor 2", "factor 3"]
  }
}

Quality Standards

• Recommendation must be defensible for IRS depreciation purposes
• Cite assessment methodology (tax assessor, comparable sales, cost approach)
• Include at least 3 supporting factors
• Range should reflect the specific market and property type