subject: Florida Hotels For Sale [print this page] Those that are looking at hotels for sale in Florida have quite a variety. Florida hotels for sale can range from a small beach motel to a resort complex with golf course and full amenities. Bed and Breakfast Inns are also popular with visitors, especially those from overseas. Many visitors enjoy the ambiance of a quaint setting on the beach, and prefer the smaller motel or hotel.
When people think of hotels, beachfront properties always come to mind. Those Florida hotels for sale along the beachfront will always command a higher value. This is due to the fact that the beachfront hotels will generate more income than others. The high rental season in Florida starts around Thanksgiving and will last until late April. The summer is much slower and many times you will see many specials being offered, especially to Florida residents. So much of the income for Florida hotels and motels will be experienced during the winter months.
Popular areas for Florida hotels for sale are Orlando, Tampa, Daytona, and of course Miami and the Keys. The resort area of Orlando has a very high frequency of rental properties.
If you are looking for hotel for sale in Florida, first you have to determine the area that you would like to be in. Highway frontage, resort area, downtown settings, and beach areas are always popular. A study of the general market economic and real estate conditions are essential. The last thing that you want to do is purchase a beautiful property in a market that is declining due to high unemployment or crime in the area. So make sure that the economic conditions to support the growth of the hotel are all there.
Once you have performed the essential market and economic studies, you can start targeting specific properties in your desired area. Value can mean very different things to people. Some want the income from the property to be at a certain level of profitability, where others look for underperforming properties that can be turned around. It may be that the property that is not performing well turns out to be the best deal after all. This is where the value of a Florida hotel broker comes in. This broker can help you identify properties that meet your predefined criteria and help you find the ideal one.
Florida hotels for sale can be a great investment, but like every other investment, all angles must be studied to ensure a successful outcome. If you are looking for a Florida hotel for sale, contact Mr. Jose Lopez, Broker Associate, Remax Alliance Group, at 941-350-4433.
