Dear Hotel/Motel owner, If you have ever entertained the notion of selling your business, or even wondered what your business is worth, you will want to keep reading. The commercial division here at RE/MAX by the Lake, in Coeur d’ Alene Idaho has developed a unique selling platform developed solely for Hotels and Motels. We have started with a highly trained staff of agents who have invested time and money researching the Hotel Motel market, including various lenders, pricing strategies, tax incentives and overall marketing. Pricing your Hotel or Motel goes way beyond cap rates, price per unit, or even cash on cash analysis. A solid pricing strategy will include current lending rates, down payments, and or trends in the overall market. Finding you a Buyer! Is one of our strongest commitments. As we all know, the best buyers can come from out of the area. Historically, Hotels or Motels have been listed and limited to only local MLS coverage areas and agent websites that may not specialize in Hotels or Motels. Our unique website (still under construction) is currently available to view. Our website will be advertised on various national and regional mediums and placed on all the internet search engines. When ramped up we expect to be quite busy. Still in its beginning stages, we are currently looking into advertising with national mediums such as: Hotelresource.com, Hotelbusiness.com, Seattle Times and the Idahostatesman. Not to mention, we’ll be crossed linked to buynorthidaho.com and Remax.com and other related lenders and 1031 exchange intermediaries. Why Should you consider selling? Everyone’s situation is as unique as their business. Things you might consider:
Hopefully, I have given you enough information for you to consider. Every Hotel or Motel is unique and requires careful thought from a trained agent with the time to give you the individual attention your business deserves. We here at RE/MAX COMMERCIAL by the lake can provide you straight answers for your decisions. Call us for a one on one appointment today! We can come to you. Sincerely, John Corcoran |