IAHL Corporation (IAHL)

[graphrix]

Memphis Hotel Value Doubles from 2005 to 2006!!!

I have no idea what is going on with share value, but I have followed this company very closely and as a result I have been able to find certain information that many some may not dicover, and one of those things is the increasing property value of the Hotel in Memphis TN

Here are the 2005 numbers for the Hotel followed by the restauraunt!

HOTEL
2005 Appraisal and Assessment Information
Class: COMMERCIAL
Land Appraisal: $ 256,900
Building Appraisal: $ 1,205,800
Total Appraisal: $ 1,462,700

Total Assessment: $ 585,080

RESTAURANT
2005 Appraisal and Assessment Information
Class: COMMERCIAL
Land Appraisal: $ 172,100
Building Appraisal: $ 111,300
Total Appraisal: $ 283,400

Total Assessment: $ 113,360


Here are the 2006 numbers for the same properties!

HOTEL
2006 Appraisal and Assessment Information
Class: COMMERCIAL
Land Appraisal: $ 256,900
Building Appraisal: $ 2,619,200
Total Appraisal: $ 2,876,100

Total Assessment: $ 1,150,440

RESTAURANT
2006 Appraisal and Assessment Information
Class: COMMERCIAL
Land Appraisal: $ 172,100
Building Appraisal: $ 111,300
Total Appraisal: $ 283,400

Total Assessment: $ 113,360

This is the total price IBAC payed for the two properties!

06/27/2005 $1,925,000 05102614 SW

2005 total Appraisal value
$ 1,462,700
$ 283,400
=$1,746,100
2006 total Appraisal value
$ 2,876,100
$ 283,400
=$3,259,500

Total Appraisal value less purchase price
$3,259,500-$1,925,000= an increase of $1,334,500

Just the increased value and equity in this one hotel and restaurant is worth more than all the stock that is issued right now! The total value of the one property is better than three times the current stock value!

Here are the links for those who are following!

http://www.assessor.shelby.tn.us/PropertySearchDetail.aspx?id=060222%20D00054&Re turnUrl=http%3a%2f%2fwww.assessor.shelby.tn.us%2fPropertySearch.aspx%3fStreetNum ber%3d2979%26StreetName%3dMillbranch%26FirstName%3d%26LastName%3d%26ParcelID%3d

http://www.assessor.shelby.tn.us/PropertySearchDetail.aspx?id=060222%20D00055&Pr ior=0&ReturnUrl=http%3a%2f%2fwww.assessor.shelby.tn.us%2fPropertySearch.aspx%3fS treetNumber%3d2945%26StreetName%3dMillbranch%26FirstName%3d%26LastName%3d%26Parc elID%3d