Indoor water park is very popular around the world due to the culture and climate, and indoor water park can be open to public four seasons. The investor could get back the investment with less time.
Unlike other types of amusement, a water park resort requires a thorough market analysis involving a study of the economic and demographic factors as well as a review of the hotel and indoor water park resort markets. It also requires a complete financial analysis which looks at various revenue categories. When appraising an indoor water park, the appraiser must have a full understanding of water park usage issues and a firm grasp on the trends in the indoor water park market.
Old factory, shopping mall, totally new water park has its own feature: land limited, space limited, safety limited, budget limited.
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 water park resorts.
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