Who is buying resorts

Who is buying resorts

Realtor · Bloomington MN (bloomington, mn) · Member since 2016 · 451 posts · 263 votes

I am looking to speak with people who buy small resorts and or motels. I am in talks with multiple owners looking to sell resorts and motels. I want to purchase the properties myself but am unsure how to underwrite a resort and often times the properties are in disrepair and or not even operating as a resort. So it makes it challenging to use owners numbers as they are for a non-functioning resort. Looking for anywhere in the US, but specifically the Minnesota and Wisconsin markets

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  • Jeff SchemmelBusiness Member
    Real Estate Agent · Saint Paul, MN · Member since 2014 · 384 posts · 401 votes
    7mo

    I'm pretty sure Mike Moe bought one last year, might be worth a chat with him.  

  • Realtor · Bloomington MN (bloomington, mn) · Member since 2016 · 451 posts · 263 votes
    7mo

    @Jeff Schemmel Thank you for the recommendation, I have spoken with Mike a few times about his experience. Unfortunately, it is not exactly what I am looking for. 

  • Tim SwierczekPro Member
    Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
    7mo

    @Daniel Anshus @Alyssa Strom and @Tanya Rooney , and @Elzie McGee all purchased boutique hotels within the last 2 years. @Candice Amundson listed and I think sold a resort last year. If you need a connect let me know.

  • Realtor · Bloomington MN (bloomington, mn) · Member since 2016 · 451 posts · 263 votes
    7mo

    Thank you @Tim Swierczek I am looking for people who I do not know and who are more established in the space.

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