Full Service Hotel & Conference Center

NEW YORK METROPOLITAN AREA

Original Assessed Value $90,000,000
Final Assessed Value $51,000,000
Annual Tax Savings $1,525,000
Prior Year Refunds $3,800,000

 

A regional hotel and conference center that includes facilities for corporate conferences. Extensive negotiations included court proceedings involving complex valuation issues. A long-term agreement was achieved to reduce taxes for both past year refunds and significant reduction in future taxes.