The indoor water park is very popular around the world due to the culture and climate, and indoor water park can be open to the public for 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 that 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 of the trends in the indoor water park market.
Old factory, shopping mall, and totally new water park has their own feature: land limited, space limited, safety limited, and 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.
Welcome to contact Vison Waterparks for solutions.