case history: an international hotel chain:

An international hotel chain was carrying a heavy financial burden as it planned the development of a new hotel. Initial valuations of the vacant land site it had acquired for the hotel in a major east coast city presented a tax liability that would put a stranglehold on their cash flow.

Through informal negotiations with the tax jurisdiction, PAA arranged for a 60% reduction in land value. In addition, we worked to set a schedule for the land value to increase in stages as the development of the hotel proceeded.

Ownership was happy to be relieved of significant negative cash flow. Then, when the market became very weak, delaying development of the hotel, the agreed upon reduction became even more important. Taxes declined approximately 60% due to our appeals.

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