Location, Location, Location, & price is more important then ever. When I worked for a mortgage servicer, just about all of our motels/hotels stopped paying during the last recession. People don't travel as much and businesses don't want to have meetings at hotels. High gas prices also hurt. I'd be looking to buy a hotel during the recession and then sell it on the upswing. Also, if you don't have a flag you are in real trouble and most places won't lend to you for that reason alone.
Oct 7, 2008