The growing trend of convergence between retail and hospitality isn’t anything new. Hotel brands that work with retail brands provide a personalized experience for customers, draw in more bookings, create a better brand value, and have higher returns.
Finding the Right Fit
Hotel property owners or investors in hotels need to find retail companies with a brand character or philosophy that matches their own. For instance, if the hotel is vocal about supporting sustainability efforts, then getting in touch with retail brands that also focus on these issues or make it a point to incorporate support for sustainability campaigns into their plans is an excellent move.
Investing in Property
If you are thinking about buying a hotel, or you want to expand your financial portfolio by investing in a hotel property, then make sure you pick the right property. Your buying decision will matter so it’s best to hire the services of a broker to help you find a hotel for sale by owner that suits your purposes.
Look for a Brokerage Firm
Buying hotels for sale isn’t an easy task. Work with a brokerage firm to make the buying experience more effective. With a seasoned agent to assist you, you can ensure a sound investment strategy.
Retail and hotel brands can combine to provide consumers with an ideal customer experience. However, it’s important that the brands are a good match. Keep that in mind when you shop for property. If you’re looking to buy a hotel for sale by owner, call NewGen Advisory for inquiries.