Best Florida Hotels for Sale

Prospective buyers are always looking for the very best deal on Florida hotels for sale or Florida motels for sale. The are several types of hotels and motels that buyers usually have a choice from.

Branded hotels and motels tend to be in better operational condition due to the restrictions of the franchise. However, many smaller not franchised properties can be great also. The advantage of purchasing a hotel or motel that is franchised is the support that you receive from the corporate umbrella. It is very important to fully investigate the franchisor to make sure they provide the support you will need to maintain and market your hotel or motel in Florida. The downside of these types of hotels or motels, are the fees that the franchisor charges to the hotel owners. However, potential buyers need to investigate the potential benefits of becoming part of a particular franchise and see which one is better suited to make the hotel or motel profitable.

Hotels and motels which are not franchised can be great properties. These can range from mom and pop smaller motels and full resorts. These Florida hotels will not have the restrictions of a franchise hotel and owners are free to make any necessary changes without franchisor approval. Owners of non franchised hotels and motels have more freedom to do what they like with the property, but do not have the support of the marketing side of the franchisor to help fill the rooms. However, a knowledgeable hotel or motel operator is able to offset the lack of additional marketing from the franchisor, by instituting their own marketing plans.

Whether to add a franchise to a Florida hotel or motel should be closely studied by the owner. The fees associated with joining a franchise group can be very steep, but the support can turn a property around very quickly. A good financial study should be conducted to see what is best for the owner and the property location. The initials cost are high to join the franchise, but it could be worth it down the road.

Potential buyers of these properties should require a full due diligence period within any purchase contract. It is imperative that buyers of Florida motels or hotels do a full investigation of the property and financials before the due diligence period expires. A good hotel or motel broker in Florida should be able to assist you in finding other professionals to assist in doing an exhaustive investigation of the hotel or motel.

Do not go at it alone. Make sure you have a team or professionals ready to assist you to ensure your future success with the hotel or motel you are targeting.