: Most buyers use SBA 504 or 7(a) loans , which often offer lower down payments (10–15%) and longer terms (up to 25 years).
: Look through online listings, but prioritize building relationships with brokers to access off-market opportunities .
: Sign the final purchase agreement and decide between self-management or hiring a third-party management company . 📈 Pros and Cons of Hotel Investment The Upside How to Buy a Hotel handbook
: Recruit a hotel broker for deal sourcing, a specialized lender , and a commercial real estate attorney to navigate complex contracts.
Buying a hotel is a significant investment that combines real estate ownership with the active management of a high-burn business. Successful buyers typically treat the property less like a "supersized vacation rental" and more like a complex operating entity. 🏗️ 7 Steps to Hotel Ownership