How do I find distressed hotel owners who haven't listed properties yet in the South Florida coastal area?

In Selling Property - Asked by Hazel H. - Apr 7, 2011
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Answer(s)

Nick H.
Lender/Mortgage Broker
Roseville, CA

The best way is to review the property taxes that are past due. Some cities and counties also post the delinquent TOT taxes. Also check for NOD's within that district.
The banks and the SBA can not disclose info to a 3rd party so no luck there.
If you see a hotel/motel with a sign recently taken down that means the franchise fees have not been paid or that the property did not keep up with their improvements.
Let me know if I can help with financing.

Apr 7, 2011
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Jennifer F.
Broker/Agent
Key Colony Beach, FL

I know of one motel in Marathon FL on the highway. Great history ...owner is family friend and needs OUT ASAP.
call me and I will connect you if you have a buyer.
meridiandev@aol.com

Apr 8, 2011
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Travis B.
Owner/Investor
Saskatoon, SK

Talk to hotel brands that are on the verge of being deflagged. If you have experience that may wet their lips to waive transfer fees and negotiate with the owner. A deflagged property loses value fast!

Oct 11, 2013
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