How To Sell A Hotel

Table of contents:

How To Sell A Hotel
How To Sell A Hotel

Video: How To Sell A Hotel

Video: How To Sell A Hotel
Video: How to Sell to Hotels With Confidence 2024, December
Anonim

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

How to sell a hotel
How to sell a hotel

Instructions

Step 1

Assess the value of your hotel adequately. Find out the average prices for similar properties in your area. If financial calculations permit, reduce the price as far as possible. Do not suspend the hotel in order not to lose regular customers. Just warn them about a possible change of leadership in the near future. Prepare all documents for sale (incorporation documents of a legal entity, hotel certificates, certificates of ownership of non-residential premises and land).

Step 2

Advertise on the Internet and other media about the sale of the hotel. The ad must be detailed and contain photographs of the hotel's facade and interior. If you wish and if possible, order a series of publications about your hotel. Be sure to emphasize that the enterprise is break-even and will pay off quickly enough.

Step 3

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

Step 4

Contact a reputable real estate company that already has experience in the sale of similar properties. Competently draw up a contract, as some realtors, when making large transactions, can play a double game and unreasonably lower the price of your hotel.

Step 5

Contact the tour operator with whom you cooperate or the one that specializes in your destination. A tourist business specialist is much more willing to consider your offer than an ordinary buyer who has no idea about the hotel business.

Step 6

Make an offer to other hoteliers. Perhaps some of them are planning to expand the hotel chain and will be interested in buying a ready-made business.

Recommended: