$2.5 million hotel presented to me would like advice

[Gerald McCullough]

Hi BiggerPockets members I have this deal presented to me to purchase this 221 units hotel that’s right off of a major highway with a full restaurant and extended stay suites and this was a high end one back in the day that hosted a lot of events with 4 banquet halls . They are asking $2.5 million mind you that I have never purchased a property of this stature it just kind of fell in my lap networking and met the owner from Canada. He and his partner bought the hotel about a year and a half ago but his partner ended up getting ill. He says he did $750k in renovations but it looks like they blew the money because I didn’t see a $100k worth of repairs actually and I know for a fact that there is horrible management in place because he had no idea what financials were when asked plus hygiene wasn’t up to par excuse my statement but I’m just saying how it is. He stated that it brings in $25k a month from the extended stay units also hard to believe but my question is. What would you do in this situation ?