How to sell a hotel

The hotel business does not always pay off well, as sometimes customers do not really know what they want. However, perhaps you created it for the purpose of further sale. In any case, if you have made the final and irrevocable decision to sell a hotel, please be patient.

Instruction manual

1

Adequately evaluate the cost of your hotel. Find out the average prices for similar properties in your area. If financial calculations allow, reduce the price to the possible limit. Do not suspend the hotel so as not to lose regular customers. Just warn them about a possible change of leadership in the near future. Prepare all documents for sale (constituent documents of a legal entity, hotel certificates, certificates of ownership of non-residential premises and land).

2

Advertise on the Internet and other media about the sale of hotels. The ad should be detailed and contain photographs of the facade and interior of the hotel. If you wish, and if possible, order a series of publications about your hotel. Be sure to focus on the fact that the company is breaking even and will pay off quickly enough.

3

Since the hotel is an expensive enterprise, it is better to place ads on paid sites viewed by wealthy customers and in reputable business publications. Even if you have significant funds, spend money on advertising carefully, since you can wait more than one month to complete a transaction on such an object.

4

Contact a reputable real estate company that already has experience selling such real estate. Properly draw up an agreement, as some realtors when making major transactions can play a double game and unreasonably underestimate the price of your hotel.

5

Make a proposal to the tour operator with whom you are working or to one that specializes in your area. A travel specialist is much more willing to consider your offer than an ordinary buyer who does not have a clue about the hotel business.

6

Make an offer to other hotel owners. Perhaps one of them plans to expand the hotel chain and will be interested in buying a ready-made business.