Читать книгу Commercial Real Estate Investing For Dummies - Peter Harris - Страница 36

This asset type isn’t our recommendation as the place to get started, but many experienced investors have found it to be a fun and highly profitable area to focus on. Of course, other investors have also lost their shirts (and sometimes their trousers, too), so make sure that you know what you’re doing before jumping in. Most of the deals we've run into have been smaller hotels or motels rather than the larger nationally branded, or as they're referred to, “Flagged” hotels.

One commercial client of ours used a commercial master lease, a form of creative financing (see Chapter 9) to get a 40-unit motel outside of Springfield, Missouri. They changed the name of the motel, hired new staff, and upgraded the units. Six months later they sold it for almost twice as much making almost $500,000. Another student of ours has a 135-unit hotel under contract with plans to convert it into apartments.

The success of any hotel or resort is composed of two parts, the property itself and the business of marketing, managing, and operating the property. If you're going to invest in this niche, we suggest that you invest in the property and then lease it out to another company that will operate the hotel or resort.