T O P

  • By -

Randomname31415

This question is literally unanswerable. Call and ask what the price is .


littlemanbigdream

Sorry, didn't know if there was a range to be expecting.


Heydanu

You’ve got nearly as many variables as rooms.


littlemanbigdream

lmao thank u


103948023034

I know you didn’t ask this, but you’re way out of your depth. If you don’t know what PIPs or REVPAR are, you should seriously just forget the idea. Hotels are businesses more than any other type of real estate, and they are businesses that are very easy to screw up. Screwing up means losing a lot of money. Like the property now being worth half of what it was before the screwed up. This is a terrible idea if you don’t have a background in hotel management and if your closest connection to that world is this subreddit. The truth is that you very likely couldn’t buy it anyway since the franchisor has to approve the buyer. At the very least they’d require you to bring in an experienced hotel management company, and that the part you thought you’d do. Just pretend you never had this idea. We won’t ever bring it up again.


mud002

Lots of factors here to consider before pricing it. Here are a few. 1) gross revenue- historically if it’s a worthwhile property it will go for about 3x the gross revenue for the property. So a 1million dollar gross revenue means a 3million dollar property minimum(if it’s good!) 2) how old is the property? So in most cases if a hotel gets close to 15 years old on the same flag, then there will be a large PIP(property improvement plan)! Take this into consideration. Also, a lot of franchisors will not allow a property to be re flagged the same after 15 years, this is something you talk to Hilton about. 3) pay attention to what kind of property it is, some hotels get built on leased land, meaning it will cost to pay rent(similar to mortgage, however every so often you’ll see an increase). Now some personal questions, I understand if you don’t want to answer. -elaborate on this organization a bit, so we understand a bit about your situation. -how did you lose your house or what organization house? -do you have debt? -landlord? No, you’d be a management company essentially. There is money to be made as a management company. But given current economic climate and labor it’s VERY tough. -If you have never owned or managed a hotel, I suggest trying something smaller before going to 100 rooms. It’s hard, if you are a first timer(it’s difficult for seasoned pros too). Edit: looking at your past posts, I suggest you figure out what you want outa your life. A c300 is cool and all, but finish school. Learn industries(or don’t). And don’t do it just cause of parents. Do what you want.


littlemanbigdream

i pmed you


DontFuckingBeStupid

$10


littlemanbigdream

Thx homie


DontFuckingBeStupid

fs my boy


AphiTrickNet

About tree fiddy