Types of Hotels for Sale in Missouri
When looking at hotels for sale, it’s important to consider the region you’ll be buying in. In previous blogs, we’ve discussed the types of hotels that are popular in the Midwest region. Today in the Southeast International Hotel Brokers blog, we’ll be getting more specific by talking about the types of hotels for sale in Missouri.
Choosing a Hotel in Missouri
When looking at hotels for sale in Missouri, you’ll most likely be looking at either franchised hotels or highway motels. Missouri is a state with a good amount of space, and there aren’t many huge cities. For most smaller towns and cities, franchised hotels and motels tend to perform best. That’s not to say that an independent hotel couldn’t do well, it just depends on the market. For instance, several independent hotels in bigger cities like Springfield and St. Louis tend to do very well. If you’re looking at a smaller market though, it might be more prudent to stick to franchised hotels or motels. In fact, those will be the most common hotels for sale when you start looking.
What to Look for
As with any hotel in any region of the world, hotels in Missouri are largely dependent on location. Taking a look at the market you’re buying in can help you get a good feel for the type of hotel you’ll be buying. If you’re buying a hotel in a “drive-through town,” you’ll want something with lower rates and rooms that can be quickly turned. People will most likely be looking to stay for just a night or two. On the flip side, if you’re in a major market or city, owning a more high-end property might be a better decision. Doing your research when searching for hotels for sale is always recommended, however, you can also have your hotel brokers from Southeast International Hotel Brokers advise you.
Contact us About Hotels for Sale
Southeast International Hotel Brokers has a wide variety of hotels for sale in Missouri and the rest of the Midwest. We also have hotels for sale across the United States. If you’re in the market to buy a hotel, choose Southeast International Hotel Brokers. We can walk you through the entire process, making it as easy as possible. Our expert team of hotel brokers have years of experience, so you can rest assured that you’re in good hands. Contact Southeast International Hotel Brokers today for more information and to speak with a knowledgeable member of our team.