Hospitality Property Assessments

For valuation purposes, hospitality properties include: golf courses, hotels, long-term care homes, motels and retirement homes.

How hospitality properties are assessed

We use the income approach for most hospitality properties, based on your property’s potential to generate revenue. To do this, we:

1. Start by estimating the property's gross revenue potential.
2. Subtract operating expenses.
3. Apply a capitalization rate or gross income multiplier to the net operating income.

Specific types of hospitality properties

Golf courses

There are different types of golf course ownership and operations structures, with different kinds of services.

Learn about how we assess golf courses.

Hotels

There are many different types of hotels in Ontario - from small budget hotels to luxury resorts - with a wide range of offerings. 

Learn about how we assess hotels.

Long-term care homes

Long-term care homes can include nursing homes, senior care centres and some retirement homes.

Learn how we assess long-term care homes.

Motels

Like hotels, motel properties vary considerably. They may provide short or long-term lodging.

Learn about how we assess motels.

Retirement homes

Retirement homes are facilities that are registered with the Retirement Home Regulatory Authority, that offer varying levels of care, amenities and services at a cost to residents.

Learn how we assess the value of retirement homes.

Assessment Information Requests

Each year, MPAC collects financial and operating expense information from income generating properties as part of our Property Income and Expense Return, the largest data collection campaign under our Assessment Information Request Program. This annual initiative is crucial to our efforts to maintain accurate property records, deliver quality assessments, and inform changes to Ontario’s property landscape.

For general information about Assessment information requests, visit mpac.ca/AIR. For more information, including submission resources, deadlines and compliance requirements, visit mpac.ca/PIER.