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Updated over 3 years ago,
Does anyone invest in HOTELS in TX??
I have an opportunity that is West of Fort Worth. Its an 84 door Hotel- currently not operational. But it does have huge potential. The seller was looking to turn it into student housing since there is a University around the corner, however he unfortunately got foreclosed on before starting the project.
I have never worked a Hotel deal, so not sure what Investors look for when investing in a hotel. Does anyone have experience and know what will make this a sweet deal for someone?
Thanks for the help!