Where to Buy a Hotel?

Choosing a hotel in a great location seems easy enough right?

Perhaps you want a hotel on the beach in the Caribbean. Or maybe a full-service casino hotel in Las Vegas is your dream.

Then there’s the Dragonfly Inn of Gilmore Girls fame, full of charm and quirky characters.

Whatever your dream hotel listing may look like, it will take money to make it happen and there are several practical things to consider as you buy a hotel.

Location Location Location … and Analytics

Choosing the location of your future hotel property is paramount when you buy a hotel. Perhaps you are looking to establish a small business for yourself in your hometown. Or maybe you want a hotel along a waterfront, whether it’s a lake, river, or ocean. Perhaps you are looking to buy a hotel in the vicinity of an interstate interchange, with great access to a big city. One way to make sure that your location choice is economically viable is to research and compare the room rates and sales of nearby comparable properties. Just how much competition is in your selected area?

Does all this information sound complicated? That’s because it is! That’s what we’re here for. Using an experienced hotel brokerage like Southeast International can help you decipher the analytics of buying a hotel.

Types of Hotels for Sale

Do you want a big city hotel property, with full service including banquet and meeting facilities? Do you want a restaurant and bar service? What about a spa, gym, pool, and other amenities? A full resort with golf and other activities? Or something more boutique and charming like a bed and breakfast? Or just a Class A or Class B mid-market establishment, primarily selling rooms with continental breakfast service, available to most income brackets?

Choosing the right type of property that will generate income in a given area is key to successful hotel ownership. As the Midwest’s leading hotel brokerage, Southeast International can help you navigate this complex process of investigating hotel listings and eventually buying a hotel that is right for your needs.

Financing and Cash Flow

Finally, when searching hotel listings in your chosen location, it’s important to remember that understanding cash flow, income and available financing is essential to financial success when you buy a hotel.

For the first time hotel owner, knowing what is affordable and what sorts of properties will generate income from day one will help ensure profitability. As a first-time hotel owner gains experience, understanding the hotel management system and how to control costs will become easier. Confidence will be gained over time, and the owner can move to more hotels or to larger, more complex hotel properties. Gaining that type of knowledge requires experience and using the services of an experienced hotel brokerage like Southeast International can help any hotel owner understand the complex nuances of hotel ownership and management.

So Where is the Best Place to Buy a Hotel?

Let Southeast International Hotel Brokers assist you as you search for that ideal hotel property for sale that meets your financial and business needs and desires to become a successful hotel owner.
A family owned business with over 5 decades of experience, Southeast International is happy to assist you in all aspects of your hotel sales search. Contact us today!