What is the best way to find hotels for sale?

[Angel Pedroza]

I am working with different investment groups and they are looking for 4-5 star hotels in destination (Miami, New York, LA, Vegas )areas but their specific request is that they are OFF market. I have found a few but I’m open to suggestions on how to find more or have a direct access to the owners/sellers.

[Matthew Perry]

@Angel Pedroza I can tell you from experience that is a tough tough avenue to go down. First in foremost, 4-5 star hotel properties in those areas are going to be flagship properties and most of the time have multiple owners including any sort of connection to the brands (if any) they represent. These properties very rarely end up on the private market, and what success I have had as actually been in secondary markets (Boston, San Francisco, D.C, Seattle, San Diego, and even Atlanta) here it is more of a case of just submitting offers and talking to various brokers- if you want to connect we can discuss this further and in more detail.