1 / 13

North Carolina Department of Revenue

North Carolina Department of Revenue. ADVANCED PERSONAL PROPERTY SEMINAR Joseph S. Koury Convention Center Sheraton Greensboro Hotel at Four Seasons Mall Greensboro, North Carolina September 15, 2011. Andy Hinds, MAI, SGA ® * Hotel and Club Associates, Inc. ahinds@hotelandclub.com

zlata
Download Presentation

North Carolina Department of Revenue

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. North Carolina Department of Revenue ADVANCED PERSONAL PROPERTY SEMINAR Joseph S. Koury Convention Center Sheraton Greensboro Hotel at Four Seasons Mall Greensboro, North Carolina September 15, 2011

  2. Andy Hinds, MAI, SGA® * Hotel and Club Associates, Inc. ahinds@hotelandclub.com 336-379-1400 * Member of the Appraisal Institute, Society of Golf Appraisers 2:30 pm – 3:20 pm Trends in Golf Course Valuation

  3. I. Cost Approach

  4. II. Income Approach • Uniform System of Financial Reporting forClubs1 An example of the Uniform System of Financial Reporting for Clubs for a hypothetical public golf facility is shown next. 1.Uniform System of Financial Reporting for Clubs, Sixth Revised edition Club Managers Association of America, Inc. www.cmaa.org

  5. Hypothetical Example of Application of the Uniform System on a Public Golf Facility

  6. Recap of Uniform System Example

  7. Capitalization Sources of overall golf capitalization rates: • Actual Golf Sales from: buyers & sellers, brokers, appraisers • Society of Golf Appraisers www.golfappraisers.org • Realty Rates www.realtyrates.com

  8. Sales Comparison Approach • Sources of Data • Public Records • Articles • Appraisers and Brokers • CB Richard Ellis www.cbre.com • Hilda Allen www.hilda-allen.com • Marcus & Millichapwww.marcusmillichap.com • Hodges Ward Elliott www.hwehotels.com • Coldwell Banker Commercial www.kbgolfcoursesales.com • Golf Pros, Managers and Owners • Publications • Golf Inc. www.golfincmagazine.com • Golf Business Magazine www.golfbusiness.com

  9. Units of Comparison • GRM – Gross Revenue Multiplier or NIM – Net Income Multiplier • Price per Hole • Price Per Round, Price Per Acre or Price Per Member

More Related