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The Board unanimously voted 3-0 to affirm the assessor’s value for the Sonesta Simply Suites Hotel at 207 Hillwood Ave. after hearing an appeal focused primarily on the property’s capitalization rate and fair market value.
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The property owner asked the Board to adjust the assessment, presenting its own revenue, expense, and capitalization-rate analysis. After questioning both sides, the Board upheld the assessor’s value, so the assessment remains unchanged based on this appeal. The Board also approved prior minutes and signed decision letters.
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