Become a Hotel Owner
Having a passive source of income is one of the biggest dreams of many people. Everyone wants to have some degree of certainty when it comes to matters of finances.
Investing in hotels is one sure way that can help you achieve financial freedom when done wisely.
One of the biggest investment myths is that you need a lot of money to start investing. That is very false. The same applies to hotels. You don’t need a lot of money to get involved.
It’s a no-brainer that if you’re thinking of how to invest your hard-earned money, you want to get something that will guarantee you a regular flow of income and at the minimal level of risks.
Hotel investment opportunities are a lot more common than you think. There are several ways that you can gain exposure to the hotel industry.
Hotel investors are definitely wanted. And needed.
Why invest in hotels?
Because people need a place to sleep. No really, the United States is very spread out geographically and people LOVE to work. A number of jobs across the country require people to meet in person, which entails traveling. Hotels are a crucial part of the American economy.
Despite the rise of home-sharing, hotels are still an attractive investment opportunity because remote locations simply don’t have the opportunity for home-sharing. The meaning of investing in hotels has a number of different considerations, including direct ownership, partial, corporate participation, and more. I’ll highlight how you can get involved.
With hotels, you have the benefits of the following that aren’t found in residential real estate:
Tenant duration diversification (tenants stay at varying levels)
Tenant demographic diversification (people staying at hotels come from all jobs, income, and risk profiles)
Locational risk mitigation through multi-location hotels
Benefits of scale in certain instances
Investing in hotels is definitely market-specific, so do what you can to conduct your own due diligence on each type of investment opportunity that I will outline here.
There are plenty of risks associated with investing in real estate and income properties. Market risk is just one of them.
If you're new to hotel investing and want to work with an experienced real estate agent in the hotel industry, contact Sofi Hirani.
Sofi Hirani- Hotel owner and investor
Commercial and Residential Real Estate Agent
Coldwell Banker Exclusive
#howtopurchaseahotel #hotelinvestment #hotelinvestor #hotelowner #firsttimehotelbuyer #hotelbuyingtips #whybuyhotel