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4. Finally, consider the assumptions that framed the analysis. Reviewing this report, you decide the appraiser has made an error. The Homewood Suites Stratford, a
4. Finally, consider the assumptions that framed the analysis. Reviewing this report, you decide the appraiser has made an error. The Homewood Suites Stratford, a 135-room property, has been characterized as among the secondary competition. You believe that it should instead be considered among the Sample Inn's primary competition. Remove the Homewood Suites from the secondary competition and add it to the primary competition. What effect does this have on the overall analysis? You should pay particular attention to the Demand Base Year sheet, analyzing the changes in overall penetrations, market segment penetrations for the individual hotels, market segment mix for the entire market, and demand
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