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ThuAugust 18 2016

Introduction to Operating

Tips on Operating a Well-Run Hotel
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

MonAugust 15 2016

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

SatJune 18 2016

Creating a Strategy for Selling Your Hotel

While most owners enjoy the position of prestige and responsibility that owning a hotel entails, there usually comes a time when they must consider selling their property. Unfortunately, most owners do not take full advantage of the process. Instead of

TueMay 31 2016

Preparing a Hotel for Sale

The preparation of a hotel for sale requires attention to innumerable details; everything from your Profit & Loss statement to the HVAC system has to be examined. Still, there are some tasks in the process that are more important than

ThuMay 26 2016

Star Broker Sells Six Hotels in Six Months!

There are good hotel brokerage firms, and then there are great ones. What makes The Passport Group one of the greats is its dedicated and hard-working agents, who in just the past six months have delivered an impressive seven hotel

FriApril 8 2016

Introduction to Scouting for Hotel Ownership

So you’ve decided to become a hotel owner? Global hotel industry revenue is predicted to reach $550 Billion US dollars in 2016, with revenue for the United States hotel industry reaching upwards of $176 Billion.
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