Selecting a management company to run your hotel requires thorough due diligence. While a strong brand is important, there are many other issues that need to be considered during the selection process.
A look at some of the hidden costs in Franchise Agreements so that you will be able to evaluate the total expense of operating under a specific hotel franchise.
Steve Rushmore February 1999 Lodging magazine article.
Steve Rushmore June 1999 Hotels monthly.
Steve Rushmore's October 2000 Hotels monthly.
Steve Rushmore's July 2001 Hotels monthly.
Lenders that orignate hotel loans without thoroughly investigating the quality of the management company or managment team are overlooking one of the most important components of a hotel investment.
Steve Rushmore's March 2001 Hotels article
Anyone who has attempted to obtain financing during the last twelve months realizes that the cost of borrowing has reached record heights.
Part of your hotel's value is controlled by the Federal Reserve, which can raise or lower the sales price of your hotel investment at their whim.