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Updated almost 3 years ago on . Most recent reply

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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
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Does anyone have experience selling an STR management company?

Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
Posted

Curious if anyone on here has ever sold an STR management company, or knows anyone that has? Same question for the sale of management contracts for individual properties.

Interested in hearing more about who is buying them, what multiples are being paid, etc. 

Thanks!

  • Dave Stokley
  • Most Popular Reply

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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied

    I sold one but it was eight years ago. I sold it for 3x EBITDA (earnings before interest, tax, depreciation, amortization). I feel like we did well with it.

    • Nathan Gesner
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