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Getting High Offers

On your Profit and Loss Statement, make sure to keep the costs of improving the property separate from regular maintenance. This will keep maintenance costs from looking higher than they are (which will devalue the property to the buyer, leading to lower offers). Also, be able to produce a list of these improvements, along with their costs. Improvements work toward higher value when you sell a hotel.

Clearly Disclose Expenses that a Buyer Will Not Incur When You Sell a Hotel.

A qualified buyer that is in the market to buy a hotel will try to estimate investment and operational costs as conclusively as possible (especially if they have a hotel broker). Any breaks in that amount could possibly increase their offer. Make sure to clearly disclose any fees or expenses they will not be responsible for.

When you decide to sell a hotel, pricing is a meticulous process that only an experienced hotel brokerage should handle. Hotel brokers know the careful art of pricing your hotel property at just the right amount to lure the highest possible offer. Don’t make the mistake of trying to do it yourself or leaving it to a real estate broker who doesn’t specialize in the hospitality industry like hotel brokers do. Hire Global Alliance Commercial. You can trust us to get you the highest possible offer.

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