You are right, you do no need a Broker, however, it is most likely that you or the seller will still pay the commission on the sale of the Hotel. The amount of the commission (%) is set by the Seller, so either, the seller’s broker takes the entire commission or it is split between 2 brokers, (with buyer’s broker) which will be representing your best interest, in essence at no additional cost.
Sep 6, 2011