Hotel Owners Can Meet with Paragon to Discuss Key Tax Reduction Strategies at The Lodging Conference
SCHAUMBURG, Ill. — September 5, 2023 — Paragon International, a leading provider of Sage Fixed Asset Management Software, physical asset inventory services, fixed asset valuation, and cost reconciliation studies for hotels, announced today that they will be participating in The Lodging Conference, September 18-21 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’re excited to be a part of The Lodging Conference, renowned for its invaluable insights and networking opportunities for hotel industry leaders and financing professionals,” stated Scott Swarts, President 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 owners face today.”
Drawing on their extensive experience of tax reduction in the hospitality industry through asset allocation, Paragon International will meet with hotel owners 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 owners to reduce their real estate transfer tax prior to closing and claim immediate tax savings from this year’s limited-time 80% 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.
About Paragon International
Serving clients since 1985, Paragon International, Inc. is at the vanguard of providing independent, impartial and accurate cost segregation analyses, as well as property valuations and appraisals to assist in and support decisions related to taxes, risk management, investment, financing and corporate planning. Our consultants have extensive fixed asset experience – they’re fixed asset experts. Because of that we are able to offer a unique combination of irreplaceable human resources and advanced technology. We have specialists experienced in valuing closely held securities, patents and other intangible assets, business enterprises, buildings, equipment and real estate. In addition, Paragon provides complete asset inventory and management solutions. We are a certified Sage Fixed Assets Business Partner, assisting with software implementation and training, barcode labels and scanners, data conversion and ERP integration. Contact Paragon International to discover how we can help you at https://fixedassetexperts.com/.