: Review 3–5 years of profit and loss statements, conduct a physical building inspection, and verify zoning and liquor licenses .
: Decide on the type (boutique, luxury, budget), location (urban, rural), and your primary goal (passive income vs. active management). buy hotel
: Value the property based on Net Operating Income (NOI) and metrics like RevPAR (Revenue Per Available Room) rather than just comparable sales. : Review 3–5 years of profit and loss