Investing in hotels - stupid question
Hello - I have a silly question and would really appreciate a simple answer:
If I wanted to buy/invest in a hotel (within $150-300 mil.), what would my steps be? (How do I find hotels available for sale, what is the general logistics?)
Thank you very much!
-Diana
Most Popular Reply
Diana, most investors work with brokers who assist them with buying hotels. Hospitality is a niche asset class and you have brokers who specialize in the product type. Big commercial brokerages like CBRE and JLL have divisions for just hospitality. You can browse through a site like Loopnet to see what is available for sale but nothing beats a good broker with sending you deals/OM's that fit your investing needs. I am a banker and hospitality is close to 50% of what I finance. If you have any specific questions on financing or valuation, feel free to use me as a resource, happy to help in any way I can.