Home|Hotel Owner's Tool Kit|Preparing for Sale

Why You Want To Investigate A Buyer’s Credentials Before Selling Your Hotel

When it comes to selling a hotel, many, if not most owners and investors see the buying process as being the riskiest. Obviously, the buying process is fraught with all kinds of tensions and perils with any number of variables that can go wrong and cause the deal to fall through. Once you have successfully purchased the property, however, there are still any number of risks [...]

Introduction to Marketing and Selling your Hotel

Managing the operations of an entire hotel can be an incredibly complex task to undertake. There are countless aspects of maintaining a successful hotel, and there are even more details involved in putting that hotel on the market. By breaking up the necessary tasks into manageable sections, the process becomes easier and frankly less of a hassle. Additionally, assigning certain tasks to experienced professionals allows hotel [...]

Factors To Consider When Finding The Right Hotel Broker

At what stage do you currently fall in the lifecycle of hotel ownership? If you are either seeking to sell or buy out a hotel or some other hospitality property, it is advisable that you check out for an industry professional to hold your hand. This means engaging the services of a professional hotel real estate broker whose primary purpose will be to even out the [...]

Top 4 Reasons To Invest In Technology Before Selling Your Hotel

Whether you are selling a home, a car or a hotel, it's a fairly common practice to make certain upgrades to whatever you are selling to make it more attractive to buyers. If you are trying to sell a home, you may invest in some landscaping to increase curb appeal or have the interior painted in neutral tones to appeal to a broader range of buyers. [...]

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 casting an objective eye on the property, they remember it in its heyday or otherwise overlook its present faults. Indeed, many owners feel that their property [...]

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 others. Here is a quick rundown on the ones a seller should focus on. Do not expect it to be easy but, with the right guidance, [...]