Hello
I am new to this blogging, so your patience is appreciated.
Our company specializes in the sale and acquisition of hotel properties in the upper midwest. Our niche is hotels bigger then the small road side "ma and pa" motels, but smaller then the massive 400 room Hiltons. Everything in between we have for sale, or can help a serious and qualified buyer pursue through buyer representation.
If you are in the market to buy, email or call me!
Ryan
Its more difficult to buy one then say a house. There are surveys, appraisals, and environmental reports to be performed. If there is a franchise, there are usually inspections and applications to be put in. Its very complex in general and takes about 3-6 months to close from the time of an accepted offer.
The typical down payment is 15-20% if they get an SBA loan
20%-35% down if they go conventional financing.
Most are down through local banks, and the SBA. Not often private groups or seller financing.
Ryan - Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer. The more you browse the more you will learn. I have found this site to be really helpful to me. If you have any questions, please don't hesitate to email me, I will do whatever I can to help.
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