Hospitality |
Hotel | Cost Segregation Studies
A hotel owner recovered over $700,000
in depreciation for the next four years
by having us identify assets within the
facility. Many were overlooked and,
unknown to them, qualified for
accelerated depreciation to lower
taxable income, and thereby, federal and
state taxes.
To deliver these savings we performed a
Hotel Cost Segregation Study with our
team of specialists. These studies are
sophisticated and require technical
competence in the engineering,
construction, estimating, appraisal, and
tax disciplines in addition to extensive
cost segregation experience. Therefore,
they are fully recognized by the IRS,
and our team performs hundreds for
corporations, accountants and CPA firms
throughout the country.
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Southeastern Hotels
A $16,500,000 facility had over $600,000
in 15-Year, and $2,000,000 in 5-Year
assets. Without a Cost Segregation
Study, the first full year depreciation
was about $421,000; with it, $796,000.
With a combined federal and state tax
rate of 42% that equates to $157,000
less in taxes.
A $30,000,000 Florida luxury hotel
had over $1,200,000 in 15-year and
$4,000,000 in 5-year assets. Our study
resulted in over $3,000,000 in added
depreciation over the next four years.
Our team of engineers and CPA's
performed a study of a $65,000,000
resort hotel. We identified over
$6,000,000 in 5 year property. The study
resulted in a first year depreciation
deduction of over $3,700.000.
A resort hotel was purchased for
$18,000,000. The cost segregation study
identified over $800,000 in 15-year
assets and $4,000,000 in 5-year assets.
Northeastern Hotel
Within this facility's $11,000,000 cost,
we located over $220,000 in 15-Year and
$1,250,000 in 5-Year assets. That almost
doubled the yearly depreciation for the
next four years.
New York, NY Hotel
The owner performed over $6,000,000 in
interior renovations. We identified over
$2,700,000 in 5-Year assets. The study
resulted in a first year depreciation
deduction of over $600,000.
Southern Conference Center
This $5,500,000 facility had over 18% of
its cost in 5-Year assets. Our study
resulted in over $700,000 in added
depreciation for the next four years.
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