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As a Sales Tool |
E-mail: [email protected] |
Harry Nobles & Cheryl Thompson Griggs, May
2003
When we think real estate�s market appeal the old adage of �location,
location, location� springs immediately to mind. This is equally
true of a commercial property as a private residence; it is certainly a
key factor when a hotel or motel is listed for sale. Many other factors
are also considered when establishing a sales price and developing a sales
presentation.
This perception is not limited to guests; buyers and investors often have the same opinion and react accordingly. In order to maximize the value of your investment, we suggest you take a close look at the rating of the property you are operating, selling, or buying. Is it accurately rated? What is the long term retainability of the current rating? Can the property earn a higher rating? You may be able to conduct this analysis on your own or you may want to seek outside advice. If you are buyer or seller you might want to talk to your broker. If you are a broker, we suggest you talk to your clients. Harry Nobles & Cheryl Griggs
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Harry Nobles Hospitality Consulting
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