My advice is talk to a specialist in the Motel Finance Space – (not affiliated), but have dealt with Mike Phipps Finance, and specifically with Paul Grant and he was a pleasure to deal with. Outside of them, talk to the local motel broker and ask them if they have any contacts in the space.

Hi Dave,

Very late to respond, but figured other people will read it.

It is best for the Broker to have Exclusive Rights, if there are multiple Brokers working on the same sale then there is less security for them and less justification to work to sell the property.

As mentioned above by @ethantimor, give a strict timeline for exclusivity.…[Read more]

Hi Jeet,

How did you end up going with the motel search? I think most on-site managers and owners would be open to a chat depending on how you start your discussion. I think if you just introduce yourself and say you are looking to get into and learn motel management as a starting point and from their if they indicate they are the owner you could…[Read more]

Hi Jeet,

How did you end up going with the motel search? I think most on-site managers and owners would be open to a chat depending on how you start your discussion. I think if you just introduce yourself and say you are looking to get into and learn motel management as a starting point and from their if they indicate they are the owner you could…[Read more]

Hi Jeet,

How did you end up going with the motel search? I think most on-site managers and owners would be open to a chat depending on how you start your discussion. I think if you just introduce yourself and say you are looking to get into and learn motel management as a starting point and from their if they indicate they are the owner you could…[Read more]