Hotel Sales: Should You Have a Pool in Your Hotel?
When it comes to hotel sales, amenities play a large role in the valuation of a hotel property. If you’re looking to buy a hotel with a pool on-site, it would be in your best interest to investigate the pros and cons of that particular amenity.
Pros of Owning a Hotel with a Pool
Attractive Amenity for Guests
Having a pool on your property is an extremely attractive amenity that many guests expect when staying at a hotel. Not only does it offer another onsite activity for singles, couples, and families, but it’s also a great way to improve the quality of a hotel stay.
Having a pool on your hotel property also improves its overall appearance. Whether your pool boasts sparkling blue waters, a relaxing waterfall, or a fun water slide for the kids, guests will love this feature, and it may even encourage them to book a stay at your hotel.
As with all hotel sales, you should consider all amenities of any property you purchase and how they will impact your resale value. Having a pool on-site may increase the resale value of your hotel property, which is great news for you!
Talk to your Southeast International hotel broker to learn more about hotel sales and additional perks of purchasing a hotel with a pool.
Cons of Owning a Hotel with a Pool
Maintenance and Upkeep
Maintenance and upkeep of a hotel pool will no doubt be expensive. Not to mention it requires a great deal of time and knowledge. If you are not aware of the maintenance required to keep your pool sanitary and in great condition, you will need to hire someone to do it for you.
As the owner of a hotel with a pool on-site, you will take on a great deal of responsibility when it comes to the safety of your patrons. If a guest is injured at the pool, contracts a bacterial illness as a result of swimming in the pool, or drowns, you could be held liable as a result. If you decide not to have a lifeguard on duty, you’ll need to make that clear to your guests and warn them of the possible risks. Even so, you may still be held liable for any accidents that take place at a pool on your property.
When beginning the hotel sales process, you will want to keep these things in mind when determining your budget for a hotel property investment.
Learn the Ins and Outs of Hotel Sales with Southeast International
If you need help selling or buying a hotel property with a pool, contact Southeast International Hotel Brokers. We have decades of experience in hotel sales, working with both sellers and buyers to achieve their goals.