Accommodation businesses rather than homes. What is on offer varies: sometimes the freehold or lease alone, sometimes the operating business with staff, bookings and licences attached. Establish which before you look at the price.
Accommodation businesses rather than homes. What is on offer varies: sometimes the freehold or lease alone, sometimes the operating business with staff, bookings and licences attached. Establish which before you look at the price.
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Everything here works on the numbers you type in. None of it is advice.
Accommodation businesses
A hotel or resort is a regulated operation. The accommodation licence attaches to the property and to the operating entity, and whether it transfers with a sale is a question with a specific answer that you should get in writing before anything else.
The staff, the reviews and the forward bookings are frequently worth more than the building. All three can walk out of the deal if the transition is handled badly, which is why what is being sold — asset, business, or both — needs to be explicit.
Everything here works on the numbers you type in. None of it is advice.