For All Your Real Estate Needs!
Navigation Menu+

Real Estate Community: I have a Need Request to purchase a hotel!

Posted on Mar 26, 2014 by in Active Rain | 0 comments

Real Estate Community: I have a Need Request for a Hotel anywhere in the US

My clients are interested in buying a hotel. 

 

Basically they are looking for running hotels (not closed hotels) with 100 to 200 rooms with price range of around $2 million all cash.

 

Location  is very important, they  are looking nationwide but  are only interested in properties located in major cities with a population of not less than 100K inhabitants; if more the better.   

 

They need basic information as how many room the property has and how many are rentable, which is the ADR, have the hotel daily, weekly and monthly rates.  If yes, what are these rates?  

 

What is the approximate occupancy rate? Is all year or seasonal?

 

What type of entity is the seller? Owned operator, bank, corporation…

 

Speaking of money, in addition to the list price, what is the NOI, Annual Gross Income, actual expense?

 

If you could send me information of the surrounding area, that would be greatly appreciated as well. Major thoroughfare, proximity to Business, mayor employees in the area, attractions of the city…

 

Please reach out to me directly if you have something that meets the above criteria at   homes@endrebarath.com.

 

Thank you in advance for your help. If you could spread the word that would be GREAT!

Berkshire Hathaway Beverly Hills, Endre Barath

 

If you are considering buying or selling a luxury home, an ultra luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commissions to local animal rescue organizations

 

 

 

Submit a Comment

Your email address will not be published. Required fields are marked *