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Why Indoor Waterpark is Popular in Middle East

2017/09/22
Indoor water park is very popular in the Middle East due to the culture and climat, and indoor water park can be open to public every day.An investor can get investment within less time.
The appraisal of an indoor waterpark resort requires analysis and expertise beyond what is required for the appraisal of a typical hotel or other commercial real estate property. Unlike other types of appraisals, a waterpark resort appraisal requires a thorough market analysis involving a study of the economic and demographic factors as well as a review of the hotel and indoor waterpark resort markets. It also requires a complete financial analysis which looks at various revenue categories. When appraising an indoor waterpark, the appraiser must have a full understanding of waterpark usage issues and a firm grasp on the trends in the indoor waterpark market.

The Income Capitalization Approach is the most appropriate method for estimating the market value of an indoor waterpark resort or other hospitality property because this approach relies on data from the market analysis for determining an estimate of value. The Sales Comparison Approach and the Cost Approach should be utilized to provide additional points of reference with the knowledge that there are limits to their relevance for indoor waterpark resorts.
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