In some states, taxpayers have the right to have their property assessed at a fair level when compared to similar properties. An equity, or equal and uniform, case is used to handle this type of appeal.  Because a hotel’s value is determined primarily based on the income it generates, a room revenue multiplier is a good way to compare hotels in an equity case.  A room revenue multiplier is simply a hotel’s appraised value divided by its room revenue.  You should also make sure that other characteristics of the comparables such as hotel type, quality, and location are as similar as possible to the subject property.