From Finder’s Fees To Financing: Where To Start When You Want To Buy A Hotel
NOVEMBER 26, 2018
Understand Startup Costs. When you buy a hotel the costs include the purchase of the hotel, renovations and working capital to cover staffing, marketing and operation costs. The cost of your new hotel greatly depends on the type of hotel you are buying (luxury or budget) and the size of the hotel. Finder’s Fee. If you use a third-party person or company to help you find and secure the deal when you buy a hotel, you will need to pay a finder’s fee.