Call MLR Realty at: 1-305- 673-3303 to get a consultation with a Miami realtor specialized in Miami Florida real estate.
Buying an hotel or a motel requires some special skills, therefore a professional hotel broker is needed. A Miami based realtor is of course a prerequisite, it is crucial that the realtor knows not only the hospitality industry but also his city.
A good hotel broker usually is introduced in this closed environment, he should know the key figures in the industry, hotels management companies, hotel’s owners etc. He should therefore, be able to contact the key person in order to transmit a buyer’s offer. Miami commercial realtors have also access to substantial resources in order to identify good hotels for sale that fit his clients requirements.
Once a hotel target is isolated and under contract the financial and market analysis may start. During the due diligence period the hotel’s broker will bring on board some specialized consultants in order assess all angles of the feasibility study, engineers, architects etc.