Main difference between mom and pop hotels versus larger hotels?
I want to get into hotel investing, but I don't want to be on site all the time. I notice some hotels have the owner on site every day, while others do not. I want to buy a hotel where I can hire managers to be on site.
What is the main difference between these two types of businesses? Is it just a matter of size? The larger one can afford to pay managers because they take in so much more revenue? Is it ever possible to convert a "mom and pop"into a hotel where you hire managers?