The Guide is a designed as a practical tool to assist assessors in the valuation of hotel/motel properties for assessment purposes.  To that end:

• A review of the original guide developed in 1998 was undertaken and some parts have been adopted where appropriate.
  
  
• The Guide discusses the three approaches to value, describes the advantages and disadvantages of each approach, and correlates these opinions with market behaviour.
  
  
• A review of relevant case law as at the date of publication is provided.
  
• Methodologies presented incorporate current opinion and are supported by reference to case law where applicable.

These methodologies and suggested recommendations are to assist in the valuation of hotels/motels for assessment purposes and are not meant to be so rigid as to replace the assessor’s judgement.