Selling Hospitality Property

It’s time to maximize your ROI (Return on Investment). You’ve invested, done the work to build your lodging business, and now you are ready to move on to a new chapter. It’s never too soon to explore your exit plan.

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selling hospitality property

Successfully Selling Your Inn

Selling your property is a process that requires partnership with experienced, licensed brokers who specialize in commercial hospitality real estate. Here are some guidelines in successfully selling your inn:

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Work with a professional licensed broker with a track record of successes in selling commercial properties like yours. Someone like Inn Advisors who have marketed and sold numerous inn properties for over 30+ years.
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Operate your business from day one with an eye to your exit and your desired Return On Investment.
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Price your property based on the market you are in and the performance of your business. Attracting serious buyers is first and foremost about pricing your inn or bed & breakfast correctly. Pricing is a science and an art, so work with a hospitality advisor who can give you the data you need to arrive at the selling price for your property.
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Show your property to its best advantage by staging guest rooms, common areas and owner's/ manager’s quarters. Uncluttered spaces allow guests and buyers to enjoy the unique features that will make your property quickly sell. A complete staging plan is included in the services we provide to our clients.
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Address deferred maintenance issues before showing your property to buyers. In negotiations, buyers will assume a higher cost of repair than the actual cost to you to get it done. Don't leave money on the table, put it in your pocket.
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Keep your website, SEO, guest review platforms, and social media channels current. It's your first impression in today's technology driven hospitality market.
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Work only with qualified buyers who have the money and are prepared to buy your Inn. A professional Inn Advisor broker knows how to qualify buyers and represents your interests throughout the process.
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Expect a written marketing, staging and closing plan from your broker. Don't just list your inn property for sale, get it sold! Work with a professional Inn Advisor broker who can harness the power of digital marketing and their own well-established network to bring buyers to your door.
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Contact Carol & Marco Today!

Work with licensed professional brokers with a track record of successes selling commercial properties like yours. Someone like Inn Advisors who have marketed and sold many inns, boutique hotels, and bed & breakfast properties for over 30 years.

Innsider Tips

By experienced innkeepers, consultants, and innbrokers 

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Carol Edmondson

carol@innadvisors.com

(508) 237-1617

Marco DiDomizio

marco@innadvisors.com

(646) 831-1976