: Firms typically initiate major renovations or repositioning to move a property from an economy tier to a mid-scale or boutique tier, significantly increasing the property's cap rate.
: Investors typically target underperforming assets, such as hotels with high vacancy rates or those neglected by absentee owners. Common targets include: we buy hotels
: Preferred to avoid bidding wars and find "distressed" pricing. we buy hotels
: RV parks, campgrounds, and short-term rentals (STRs) like Airbnb properties. we buy hotels
: Prime locations with high growth potential.