Home|Hotel Owner's Tool Kit

Hotel Equipment

The process of purchasing a hotel and getting it up and running can be a long, drawn out process. From obtaining hotel financing to taking stock and doing inventory to purchasing supplies and marketing your hotel, there is a lot to do to get a hotel operating smoothly. Hotel brokers can help you find a great property, but in some cases, you might purchase a property [...]

Hire the Right Hotel Team

Congratulations! So now you have secured financing, negotiated like a pro and bought yourself a hotel. This is a significant accomplishment and worth celebrating! But the initial legwork phase is not over yet. Now it is time to hire your hotel management team. You want to build a solid, trustworthy, experienced management team that can competently oversee the many operational functions so critical to your hotel's [...]

Selecting the Right Hotel Partners

So what do you need to buy a hotel? Money, right? For some eager buyers just entering the hotel industry, landing that initial start-up financing often seems like the toughest challenge. But in hindsight, getting the funding you need may turn out to be the easy part! This is especially true if you don't pick your business partners with the kind of extreme care you [...]

Securing Hotel Financing & Raising Capital

If you have reached the stage where you are researching hotel financing options, you already have a good chunk of time and effort invested into your new business venture. For our purposes in this section, we will assume you have done your initial due diligence in terms of selecting a viable, promising hotel business to purchase. Now it is time to get down to brass tacks [...]

Have a Hotel Exit Strategy

As an aspiring hotel owner-operator, you are in very good company. After all, you are chomping at the bit to enter an industry that generates an estimated $7.6 trillion dollars per year globally! But even the most perfectly planned strategy cannot always predict what may unfold in the future. This is why it is so critical to include an exit strategy as a part of your [...]

Know Your Hotel Loan Options

Every day, somewhere in the world, someone is either buying or selling a hotel. And every time a hotel business changes hands, these two activities happen together. So many factors go into getting your start in the hotel industry. Choosing the right hotel (if you don't plan to build your own), hiring an expert team, offering attractive amenities - and, of course, finding the financing you [...]

Assess Your Available Cash

Assessing the actual cash you have available - and the cash you will need - to purchase a hotel or other hospitality property can be a tricky enterprise. One of the most important aspects of understanding your available cash, however, is how much you can spend within safe limits! Here is a quick guide to help you determine what you need, what you have and what [...]

Understand Hotel Loan to Value Options

Taking out a loan for a hotel or other commercial property operates on much the same principles as taking out any other kind of loan. Any time a lender loans money, they are taking a risk that they will get their initial investment back, let alone turn a profit on the venture. As a result, they need to be sure that the amount they are lending [...]

Create a Hotel Scouting Strategy

Purchasing a hotel can be a long and exhaustive process that begins with finding a location you wish to purchase in the first place. While you may do some work securing financing or attracting partners prior to finding the right location, the majority of that work will be done after you have decided on a specific property. Like all purchases or investments, the more homework and [...]