Updated almost 5 years ago on . Most recent reply
Motel in a Tourist area
I came across a motel listing which the owner has been using as a overflow area when his hotel ( seperate property) gets full . how do I value this motel ? there are no financials since it was just used for overflow and the expenses are mixed up with his main larger property .
Should i just base it on the land and building value estimate ? The location is very desirable .