Buying a hotel or B&B requires good preparation
Buying a hotel, boutique hotel or hotel complex is more than finding a nice site. You buy a company, a location, permits, obligations, guest expectations and growth opportunities at the same time.
Important points when buying a hotel or B&B
Look at accessibility, tourist appeal, season, competition and the type of guests that the region attracts.
Check zoning plan, camping and operating permits, fire safety, environmental requirements and possible expansion options.
Inquire carefully about turnover, occupancy rate, costs, investment backlog, contracts and maintenance planning before you decide.
Pay attention to plumbing, electricity, water, sewerage, roads, catering, swimming pool, rental accommodations and the condition of buildings.
View agreements with guest rooms, tenants, staff, suppliers and any current obligations.
Investigate whether there is room for a boutique hotel, rental, catering, marketing, sustainability or limitations that prevent growth.
Take the time for due diligence
Have documents checked by experts and compare the asking price with turnover, profit, land value, buildings and future potential. Good preparation prevents surprises after the transfer.
Compare hotels at home and abroad
View current advertisements with photo's, location, features and direct contact option with the provider or broker.