Notwithstanding Section 65915, land improved with an operating hotel or motel shall not be valued, for purposes of establishing, adjusting, or resetting ground rent under an existing lease, based on density bonuses, concessions or incentives, or waivers pursuant to Section 65915, unless those density increases are entitled and vested as of the valuation date, including the issuance of all required discretionary land use approvals and permits.
Nothing in this section shall be construed to alter the requirements for obtaining a density bonus pursuant to Section 65915.
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