Hotel investing means owning lodging properties that rent rooms to guests on a nightly basis, generating revenue through room rates, occupancy, and ancillary services.
Log in to followA broker sent me a 48-key select service property in a smaller city, and the expense list on the pro forma has a line for management fee at 3% of gross revenue. I read that as the…
Land is my usual thing and the appeal there is that nothing needs doing. Hotels seem like the opposite of that in every way, and yet this room is filed under passive hold, which c…
I'm pricing out the operating side of a small independent, roughly 30 rooms, before I go any further on the numbers. Someone told me the property management system for a place tha…
I've been reading hotel listings because a broker sent me a 42-room limited service property near a highway interchange. The flyer leads with "RevPAR $58" and then in smaller prin…
I own two small multifamily buildings and my agent handles both on landlord policies. A 19-room motel two towns over came up at a price that doesn't seem crazy and I asked the sam…
Looking at a select service property where the P&L looks clean until you get to the segmentation report. Two crew contracts, both energy sector, are 41% of room nights at a negoti…
Rural market, interstate exit, 78 keys, seller wants $2.1M which is about $27k a key. Trailing RevPAR $47, occupancy in the high 50s. The property is a 1998 build and the franchis…
Underwriting is my day job, and this asset class has never come across my desk, so I'm asking the entry-level question deliberately. Every hotel deal that crosses my desk is $8M a…