1. The Emerald Inn has 350 guest rooms and 5,000 square feet of meeting space, rendering it functionally obsolescent. If you are asked to derive the value for a hotel using this information, which approach to valuation are you using? A. Sales Approach B. Cap Rate Method C. Cost Approach D. Income Approach 1. The Emerald Inn has 350 guest rooms and 5,000 square feet of meeting space, rendering it functionally obsolescent. If you are asked to derive the value for a hotel using this information, which approach to valuation are you using? A. Sales Approach B. Cap Rate Method C. Cost Approach D. Income Approach