Sheldon Hotel Corp. Assessment Appeal

Opinion by Mr. Justice Jones,

The Sheldon Hotel Corporation, owner of the premises at Nos. 1229-35 Chestnut Street, Philadelphia (the Adelphia Hotel property), appealed to the Court of Common Pleas No. 3 of Philadelphia County from the assessment of the property made by the Board of Revision of Taxes for the year 1948 as being excessive, unfair and unequal.

The assessment was in a lump sum of $1,954,600 for the property as a whole but ivas itemized, as required of assessors by Section 7 of the Act of June 27, 1939, P. L. 1199 (53 PS §4805.7), showing a valuation of $953,200 for the land and…