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Purchasing a hotel or a motel can be a great business opportunity and investment for entrepreneurs looking for an additional income stream. However, there are a lot of things to consider with these types of purchases so it’s a good idea to seek the advice of experts before diving in.
The team at Teletare are seasoned commercial real estate experts and have been helping people find hotels and motels for sale in Washington State for years. We regularly have dozens of hotel properties listed on our website in neighborhoods like Capitol Hill, Central District, Mt. Baker, West Seattle, Beacon Hill, and more. By using the advanced search features on our website you can quickly find properties that meet your criteria.
If you’re thinking of purchasing a hospitality property the first thing you’ll need to consider is whether you want to buy a motel or a hotel. Both property types are similar, but there are some key differences so make sure you choose the option that best suits your desired business model.
Motels are generally smaller than hotels, making them a more affordable investment. They are primarily located outside of cities near major highways and are geared towards travelers who are on their way to another location. Because of this, motels feature fewer amenities and more simplistic rooms.
Hotels are larger properties that are generally located closer to cities and urban areas. They often feature many amenities, such as restaurants, room service, gyms, and other activities. Hotels are geared towards people and families who are on vacation and looking for a longer stay.
Hotels and motels are more complex than most commercial properties, due to their large number of rooms and amenities. Here are a few tips to help you evaluate any hospitality property you may be interested in:
Teletare offers a wide range of hospitality properties, including:
Location is important for any business, but that’s especially true for hospitality properties. When you’re looking motels and hotels for sale in Washington State, think about the following factors to ensure you maximize your business:
Are you ready to start looking for hotels and motels for sale in King County? Our team can help you find the perfect property to add to your portfolio.