Hotel Buyers Can Meet with Paragon to Discuss Key Tax Reduction Strategies at The Lodging Conference
This week Paragon International, a leading provider of Sage Fixed Asset Management Software, physical asset inventory services, fixed asset valuation, and cost reconciliation studies for hotels, will be participating in The Lodging Conference, September 19-22 in Phoenix.
Paragon International will be available at the conference to discuss tax reduction strategies that solve common issues for hotel funding. The Lodging Conference brings together the hospitality industry’s most influential owners, operators, presidents, CEOs, investors, and dealmakers to strategize about development, finance, franchising, management, construction, design, and operations.
“We are pleased to participate in The Lodging Conference, which has long been known for the high-value learning and networking activities it offers to hotel industry leaders and financing experts” said Rick Swarts, CEO of Paragon International. “We appreciate this opportunity to join with influential individuals across the hospitality industry, as well as investors and funding sources, to strategize potential solutions for the pressing tax challenges hotel buyers face today.”
Drawing on their extensive experience of tax reduction in the hospitality industry through asset allocation, Paragon International will meet with hotel buyers at the conference to discuss options for reducing income taxes, increasing cash flow, and accelerating ROI by taking advantage of engineering-based and Fair Value appraisals that segregate depreciable personal property assets from real property. The personal property classification is eligible for bonus depreciation and shorter tax lives, thereby increases tax write offs and generates cash flow. Paragon advises hotel buyers to reduce their real estate transfer tax prior to closing and claim immediate tax savings from this year’s limited-time 100% bonus depreciation opportunities.
Attending The Lodging Conference? Schedule your one-on-one with Paragon International to discuss how you can leverage the latest IRS tax codes and hospitality-industry tax benefits to cut costs significantly.