A $2 Wage Hike Wipes $2.5M Off Your Asset Value. Most Owners Haven't Modeled It Yet.
Congress is moving on federal minimum wage legislation, and the per-property payroll impact at a 150-room select-service hotel runs $160,000 to $374,000 annually before benefits load. The owners who model this before the vote will negotiate from strength; the ones who wait will negotiate from panic.