Appraise the real estate separately from the operation
Much of a hotel, motel, or RV park's value is the property; get the land and buildings assessed independently of the operating cash flow.
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Key diligence, valuation, financing, and transition considerations for buyers evaluating travel business acquisitions.
Much of a hotel, motel, or RV park's value is the property; get the land and buildings assessed independently of the operating cash flow.
RevPAR and average daily rate over multiple years tell the real story; understand the off-season carrying cost before trusting a trailing year.
Flags, permits, and required property-improvement plans carry real cost — a surprise PIP can run seven figures and collapse a deal late in escrow.
Online travel agencies, review scores, and direct bookings drive the calendar; understand the booking mix and commissions.
Rooms, roofs, pools, and hookups need ongoing reinvestment; build the real plan, not the seller's deferred one.
Front desk, housekeeping, and maintenance turnover affect cost and guest experience; know how hands-on the owner is.
Answers to common buyer questions for this market.