Cap Rate for Hotels

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Posted by Sean on May 07, 2008 at 09:18:39:
Hello,
Looking at a 76 room hotel, near summer resort area. I'll spare all of the details I have about the deal (yes, I've read all of the archives pertaining to hotel purchases and some of the obstacles that are out there). My main question is what kind of CAP rates get a seasoned investor excited about a hotel property? This is a stable resort, with a solid history. It does have upside with rooms available even in the peak season, flexible sellers, but would require me to be hands on for awhile.
Appreciate your thoughts.
Sean

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Re: Cap Rate for Hotels yo 11:54:43 05/08/08 (0)

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