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I need help. How do I buy an established motel?

asked 2014-09-02 18:15:30 -0700

Adria gravatar image

I am looking for a way to buy an established motel. If anyone has any input let me know. I need help. How do I buy an established motel?

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answered 2014-09-02 18:16:08 -0700

fgcguy gravatar image

I hope some folks with experience will be able to offer some suggestions. In the meantime, if you have a particular location identified, talk to the local chamber of commerce to get some advice and ideas. See what is going on in the community and how businesses are doing. If you find a motel of interest, be sure to spend a night there and assess its condition. You might also try a specialized business broker such as BizQuest which has a section on hotels. Best of luck to you!

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