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Hotel Property Tax Appeal

Property Tax Appeal For Hotels In today’s hyper-competitive hospitality market, hotel owners need to look for every opportunity to save on expenses while maintaining their five-star service. Skoloff & Wolfe specializes in data-driven property tax appeal representation and analysis for hotels and large commercial property owners nationwide.

Understanding the Intricacies of Hotel Valuation

When it comes to calculating property taxes on hotels, few taxing jurisdictions fairly distinguish the taxable value of the real estate from FF&E and good will. Consequently, hotels can be paying significantly more in property taxes than what is fair.

Skoloff & Wolfe are property tax appeals experts with a long track record of helping hoteliers, and other organizations and institutions reduce their property tax liabilities, save money, and increase the value of their holdings. We understand how income models work for hotels and we bring data-driven analysis to help municipalities understand the differences between hotel valuations versus other commercial buildings and properties.

Increasing Hotel Value Through Analysis

At Skoloff & Wolfe, we increase the value of our hotel clients’ real estate holdings. Whether through property tax appeals and abatements, or by conducting pre-acquisition or pre-construction analysis, we understand the hotel business on a granular level. Our clients rely on S&W for exceptional result-oriented representation on their most important assets.

Billions of Dollars in Assessment Reductions and Transactions

Skoloff & Wolfe has a proven record of results. In recent years we have obtained billions of dollars in assessment reductions for our clients and property owners in multiple industries, including these in the hospitality space:

  • Reduced hotel assessment from $421 million to $259 million for Orlando/Disney resort
  • Reduced hotel assessment from $189 million to $131 million for California hotel
  • Reduced hotel assessment $82 million to $70 million for New York City hotel
  • Performed property tax analysis and due diligence for $300 million hotel portfolio in national transaction

All assessments rounded to nearest million

Skoloff & Wolfe clients include hotel operators, developers, management companies, financial institutions, REITs, universities, private equity firms, and other large commercial property owners nationwide.

Contact the Hotel Property Tax Attorneys at Skoloff & Wolfe

Skoloff & Wolfe will review your hotel property tax assessment free of charge, contact us to schedule your consultation.

Picture of David
David B. Wolfe dwolfe@skoloffwolfe.com

David, the Managing Partner of the firm's Real Property Tax Department, handles significant real property tax matters for both commercial and residential clients. Mr. Wolfe has obtained significant assessment reductions on behalf of his clients, including retail chains, hotels, restaurants, and multifamily housing units.

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Saul A. Wolfe SWOLFE@skoloffwolfe.com

Saul, one of Skoloff & Wolfe, P.C.’s founders, has repeatedly been recognized as one of New Jersey’s foremost authorities on real property valuation litigation. He is a Life Fellow of the American Bar Foundation, and was the President of the New Jersey State Bar Foundation.

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Jane J. Felton JFELTON@skoloffwolfe.com

Jane has an extensive litigation background and has a love for “hard cases,” particularly those involving complex business interests, trust assets in dispute, and cases that raise unsettled questions of law.

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Robert F. Giancaterino rgiancaterino@skoloffwolfe.com

Robert concentrates his practice primarily in local property taxation, condemnation, related real property valuation issues and general commercial litigation.

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Maria H. Yoo myoo@skoloffwolfe.com

Maria focuses her practice on local property taxation and related real property valuation issues. Her background includes representing commercial, industrial and residential clients in their tax appeals.

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Rebecca Hutcheon rhutcheon@skoloffwolfe.com

Rebecca is an associate in the firm's Real Property Tax practice. Ms. Hutcheon began her legal career clerking for New Jersey Appellate Division Judge Jonathan N. Harris, retired.

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Ryan M. Jones email

Ryan M Jones focuses his practice representing taxpayers in complex real estate tax matters, focusing in a variety of interrelated areas, including PILOTs/redevelopment, exemptions, 1031 exchanges, environmental remediation.

Vincent I. Ferrer vferrer@skoloffwolfe.com

Vincent I. Ferrer, Esq. is a member of Skoloff & Wolfe's property tax appeal team which represents companies and individuals in complex business disputes. He is admitted to practice in both state and federal courts in New Jersey.

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