is it possible to buy a hotel without any money down - we have experience and knowhow but no money.

we presently run/own a 12 room inn
In Buying Property - Asked by L. R. - Jan 12, 2011
Report Abuse
Answer this Question

Answer(s)

Ron F.
Broker/Agent
Andover, MA

Best option would be to find an owner that would finance the package. If you currently own a 12 UNIT, maybe cross colateral your presnt property th leverage the acquisition

Jan 12, 2011
Report Abuse
Rob B.
Chandler, AZ

L.R…….
Yes, but not without risk. In the current market place that has seen an abundance of troubled hotel properties come to market, your chances are better than ever. However, if you are going to cross-collateralize with an existing property you own, be very sure you are not buying a huge problem that may cause you to lose what you have currently gained. As the old saying goes and applies in this situation, “Let the buyer beware”.
Good luck L.R...... Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: rob@capratecommercial.com

Jan 13, 2011
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question