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Hotel Property Investments (ASX:HPI) Buildings And Improvements : A$0.00 Mil (As of Dec. 2023)


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What is Hotel Property Investments Buildings And Improvements?


Hotel Property Investments Buildings And Improvements Historical Data

The historical data trend for Hotel Property Investments's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hotel Property Investments Buildings And Improvements Chart

Hotel Property Investments Annual Data
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Buildings And Improvements
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Hotel Property Investments Semi-Annual Data
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Hotel Property Investments Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction.  Broker and architect fees, permits, etc. can be covered within this category.  Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized.  Improvements are commonly recorded at acquisition cost.  Building improvement examples include roofing, remodeling, replacements, etc.


Hotel Property Investments (ASX:HPI) Business Description

Traded in Other Exchanges
N/A
Address
60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006
Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Co. on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.