Updated over 6 years ago on . Most recent reply
How to comp commercial hotel
Found a nice hotel for sale . Completely renovated and ready for business. 36 rooms all redone. Small restaurant. How would I go about figuring out what it’s worth? It’s listed for sale right now but I’d like to figure out my own price. Thanks for the help I’m new to commercial real estate.
Most Popular Reply
@Shawn Kross I have a decent amount of experience in lending on hotels, typically larger and either in core markets or affiliated with a Marriott/Hilton franchise, but if you want to send me a message with some more info or the listing brochure I'm happy to give you some thoughts on how to approach the valuation.