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 [...]

Selecting the Right Hotel Partners 2017-06-05T14:07:57+00:00

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 [...]

Securing Hotel Financing & Raising Capital 2017-06-05T14:10:07+00:00

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 [...]

Have a Hotel Exit Strategy 2017-06-05T14:13:53+00:00

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 [...]

Know Your Hotel Loan Options 2017-06-05T14:16:49+00:00

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 [...]

Assess Your Available Cash 2017-06-05T14:20:48+00:00

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 [...]

Understand Hotel Loan to Value Options 2017-06-05T16:00:30+00:00

Choose a Hotel Business Model

Like any successful business or company, one of the key foundational aspects of running a hotel is having a good business model. There are a vast number of business models to choose from, but most eliminate certain hassles, while being prime targets for others - meaning, of course, there is no perfect business model, there is just the right business model for you. Here are three [...]

Choose a Hotel Business Model 2017-06-05T16:02:37+00:00

Find the Best Hotel Insurance

Finding an insurance company that can provide a range of coverage for hotel owners is not extremely difficult, but finding an insurance company that truly understands the unique and incredibly complex needs of the hospitality industry is a different story. In addition to basic fire, flood, property damage and liability protection, here are a few types of insurance hotel owners might consider purchasing. Document Coverage In [...]

Find the Best Hotel Insurance 2017-06-05T16:03:59+00:00

Understanding The Financial Process Of Hotel Buying

Buying a hotel is, or at least can be, a hugely complicated process for even the most experienced of investors. Not only are you buying a piece of real estate (which has its own complicated set of variables to consider) but you are also buying a business. Here are 3 tips to help you get a handle on the financial process involved in buying a hotel. [...]

Understanding The Financial Process Of Hotel Buying 2017-06-05T16:07:09+00:00

Why You Want To Create A Business Plan Before Buying A Hotel

Investing in hotels is a very unique venture. If you invest in commercial real estate such as an office building or warehouse, you own the building and the land the building sits on, but you don't have a vested interest in the companies that inhabit it. If a company makes a profit, you don't generally share in it, but conversely, if a company goes bankrupt, you [...]

Why You Want To Create A Business Plan Before Buying A Hotel 2017-06-05T16:12:44+00:00