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Introduction To Hotel Operations

The operation of an entire hotel can seem like a daunting task unless the owner breaks it down into a series of manageable pieces. Assigning different folks to attend to each detail allows the owner to oversee each one with more efficiency and effectiveness. Here is a quick rundown on how to divide the responsibilities: Arrival First impressions do matter and nowhere is this fact more [...]

Introduction To Hotel Operations 2017-06-05T16:13:47+00:00

Do Your Homework (Due Diligence) Before Buying a Hotel

Before purchasing any hotel or motel property, a prospective buyer should always establish its assets - both real and intangible - and liabilities to evaluate its commercial potential. Here are the basic steps that should be undertaken: Make a Physical Inspection Everything structural from the foundation through the walls to the roof should be inspected by a professional. Do not simply trust your own eyes. [...]

Do Your Homework (Due Diligence) Before Buying a Hotel 2017-06-05T16:14:36+00:00