Looking for Investor for down payment on hotel deal
Sponsoring a deal to buy a 65-80 room select service hotel. Partner and I each have 100k for the deal we need around another 400-600k for down payment money. Not looking to spend more than 3-3.5 million for the deal. Thinking of giving investor 5%-8% of perpetual ownership to silent investor. Open to discuss other ideas. Presently I have managed hotels since 2005 and presently mange portfolio of 20+ branded hotels. Looking to break out on my own. Let me know if more questions etc.