Questions
to Ask about Hotel and Motel Properties
• What has been the property's track record of occupancy/vacancy
rates for the past several years?
• How does
this compare to other hotel/motel properties in this market?
• What is the pattern of occupancy (i.e., weekdays
versus weekends)?
• How competitive is the
property in terms of rates, quality, room size, amenities,
and service?
• Has there been an increase or
decrease in the volume of business- and business-conference-related
activity?
• What is the property's image/brand
name? Is its reputation strong? Is it visible from nearby
roads?
• Does it offer ease of access?
• What is the property's reputation in the business,
travel, and event planning communities?
• How
well trained is the front desk staff? Is there a high
percentage of staff turnover?
• What is the
quality and style of interior decor: furnishings, colors,
materials, lighting?
• Does the property have
a reputation for outstanding food? Service?
•
Does the property offer any special features or amenities
that give it a competitive advantage, such as pool, fitness
center, high-speed Internet access, and document-copying
services?
• How effective have its marketing
and promotional campaigns been?
• What percentage
of guests returns for subsequent stays? How much business
is generated by "frequent guest" programs?
How effective are the property's security/life safety
procedures and systems? Has there been an undue amount
of theft or property damage?
Contact
us for more info on San Jose CA Commercial Real Estate
- Hotel / Motel Properties
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