Investment Info:

Other commercial investment investment.

Purchase price: $3,800,000
Cash invested: $300,000

Red Roof Inn Motel - Purchased completely renovated but not operational. We will open and operate. We will use a hybrid model with short-term occupants and monthly residents. We have done several of these now.

What made you interested in investing in this type of deal?

We have been finding excellent values in the hotel space. We utilize our own model to operate the property at maximum occupancy.

How did you find this deal and how did you negotiate it?

My partner found it off-market through a hotel broker

How did you finance this deal?

We used a hard money bridge loan.

How did you add value to the deal?

We are opening the property and utilizing a hybrid occupancy model to maximize revenue by maximizing occupancy.

What was the outcome?

Just acquired last week.

Lessons learned? Challenges?

Raising capital is the key to most commercial investments. You must find a great investment but you also must have the investor network to close the deal.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Pine Financial