Hotels and motels cater to all, making them great business opportunities. A motel is often a stripped down, no bells or whistles version of a hotel designed specifically for motorists who just need to get some rest. Hotels, on the other hand, generally offer some specialty services to their guests. These may include in-room kitchens, suite-style rooms, concierge, laundry services, free or reduced-price meals, fitness rooms, free Wi-Fi and cable, and conference or banquet room facilities. When looking for hotels that may be for sale, consider those that offer guests a variety of amenities.
The U.S. hotel and motel industry brings in roughly $163 billion per year and has an average annual growth rate of 4.2 percent. The four largest chains are Hilton, Marriott, InterContinental Hotels Group, and Starwood Hotels and Resorts. These properties alone account for 38% of all industry-based revenue. If you'd rather find a motel for sale, Red Roof Inn, Super 8, Microtel, and Econo Lodge top the list of the best budget chains. Buying an existing hotel or motel business always makes more sense than starting one from scratch, regardless of the economy. With the right experience, financial resources, and marketing strategy in place, you'll be counting dollar signs instead of sheep. Browse the BizQuest site today to learn more hotel and motel businesses for sale.