Golf Course Valued Using the Cost Approach

Business Valuation Update BVLaw
Legal and Court Case Update
February 10, 1999
7011 Hotels and Motels
721110 Hotels (except Casino Hotels) and Motels
state taxation (incl. ad valorem)

Hawaii Prince Hotel Waikkiki Corporation v. City and County of Honolulu
89 Haw. 381 (1999)
US
State Court
Hawaii
Supreme Court
Robert Hastings, Jr. <br> Richard Nathaniel <br>
Klein

Summary

The Hawaii Supreme Court reversed the real property valuation of a hotel's golf course. The court noted that golf courses are valued at their actual use. It agreed with the city's assessment using the cost approach. It rejected the valuation of the taxpa ...

See Also

Hawaii Prince Hotel Waikkiki Corporation v. City and County of Honolulu

The Hawaii Supreme Court reversed the real property valuation of a hotel's golf course. The court noted that golf courses are valued at their actual use. It agreed with the city's assessment using the cost approach. It rejected the valuation of the taxpa ...