Anyone have a better understanding of taxes a hotel would undergo? Obviously property taxes is the biggest one (My model has it at about 8-9% of revenue) but are there any income taxes or other taxes that would impact NOI materially?
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Nevermind I was talking about a completely different kind of deal
Sorry I don't have much knowledge about taxes..
Some cities leverage an additional income tax on hotels. Usually not more than a couple % though.
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