Walter O'Connell

Hotel Valuation & Cost Segregation


New York, New York, United States
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Valuation and Cost Segregation Professional – Providing Accredited Real & Personal Property Valuations and Quality Tax Saving Cost Segregation Services to the Hospitality Industry.

Key Consulting Services

  • Appraisal & Valuation Services
  • Tax Saving Cost Segregation Studies
  • Purchase Price Allocation Studies
  • Fixed Asset Record Development
  • Real & Personal Property Insurance Studies

Expertise

Walter O’Connell, Managing Director of Hotel Valuation & Cost Segregation Services, LLC (HVCSS) is responsible for a variety of valuation services, which include the valuation of tangible assets for purchase price allocation, financing, tax depreciation, insurance and cost segregation studies. Walt has extensive experience in Furniture, Fixture & Equipment valuation (FF&E) and Cost Segregation Studies within the hospitality industry. Walter holds a Bachelor of Arts degree in Economics and Bachelor of Science degree in Finance from Kean University of New Jersey and a Master of Arts degree in Economics from Montclair State University of New Jersey. Walt continues to strengthen his credentialing by not only taking, but also teaching, technical courses in the fields of Personal Property Valuation and Cost Segregation.

Background

  • Prior to founding Hotel Valuation & Cost Segregation Services, LLC (‘HVCSS’), Walter worked as a manger for a mid-sized, Philadelphia based, full-service valuation firm. Before starting his valuation career, Walt worked in the manufacturing and distribution sectors as an Buyer/Planner/Forecaster & Inventory Control Manager for Newell Rubbermaid (NYSE:CHX) and Marcolin S.P.A.. While working as an Inventory Control Manager, Walter specialized in Material Requirements Planning (“MRP”) and Manufacturing Resource Planning (“MRP II”), in matters of national and international purchasing, the procurement of production equipment, plant and production design, cost allocation studies, and inventory accounting.

Professional & Other

Walt is an Accredited Senior Appraiser (ASA) with the American Society of Appraisers, Member of the American Society of Cost Segregation Professionals (ASCSP), and American Economic Association.

Past Offices:

Co-Chair of the Education Committee of the American Society of Cost Segregation Professionals.

Treasurer of the American Society of Appraisers - Philadelphia Chapter.
Secretary of the American Society of Appraisers - Philadelphia Chapter.
2nd Vice-President of the American Society of Appraisers - Philadelphia Chapter.
1st Vice-President of the American Society of Appraisers - Philadelphia Chapter.
President of the American Society of Appraisers - Philadelphia Chapter.

Current Office:
Auditor of the American Society of Appraisers - Philadelphia Chapter.

Walter's Latest Articles & Case Studies

Walter O'Connell

To Save Lots of Money ($$$) in Federal & State Income Taxes You need an Appraisal/Valuation/Cost Segregation Team!

By Walter O'Connell Jan 19, 2023

As Sophisticated Lodging Professionals, you know the Tax Savings strategy and benefits of a Quality Cost Segregation Study. You know, and understand,...

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Walter O'Connell

There is Money in those Greens – Cost Segregation Studies of Golf Courses, Golf Resorts and Golf Communities

By Walter O'Connell Jan 19, 2023

As the saying goes, especially in this competitive market, ‘you need to make money and save money’ in order to survive! As a golf...

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Walter O'Connell

Not All Short-Lived Depreciable Property is Captured in a Cost Segregation Study

By Walter O'Connell Jan 19, 2023

Personal Property Appraisal & Cost Segregation Studies – Powerful Tools! Congratulations!  You have acquired your #hotel, #motel or #resort. Now it is...

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