Financial Advice for Hotel Buyers

Banks and lending institutions are a viable option for first-time hotel buyers provided they meet a number of conditions. You will need to develop an excellent relationship with your bank manager ­ he or she should be kept involved in any developments. Also, build up a relationship with your local property agents. They are a good source of information on the market and will probably give you an informal opinion on what the hotel is currently worth.

• There are many finance-related questions that hotel buyers will need to consider, which are outlined in this guide:
• Will a bank lend me the money to buy my own hotel?
• What will the bank want to know about the hotel?
• What extra cash will I need to get the business started?
• What should I consider when preparing this financial plan?
• What kind of return can I expect on my investment?

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