Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 07/06/2019

User Stats

197
Posts
130
Votes
Syed Lateef
  • Professional
  • Chicago, IL
130
Votes |
197
Posts

Airbnb Operator wanting to buy Hotel

Syed Lateef
  • Professional
  • Chicago, IL
Posted

I run an Airbnb short term rental business in Chicago and getting close to 100 units under management. I master lease properties

I have a substantial operation supporting my current volume. 

Guests Services, Operations, Marketing, Pricing, Finance, Cleaning team, Handymen etc.

I am interested in the idea of purchasing a boutique hotel and run it within my current systems.

I have no experience in finding a hotel, market value of them, or anything.

My questions stems from do you think it would be an easy transition to operate the business side of the hotel with the infrastructure i already have in place? 

What would be the best way to find out hotels for sale in Chicago? Theres literally just 1 on loopnet. 

Are hotels valued by the NOI of the business divided by the cap rate? That would over value you the real-estate if thats the case. But i guess i am buying the real estate and the book of business as well
How do banks finance Hotel purchases

What are other things i should consider when looking to get into this type of business/real estate purchase. 

Loading replies...