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Crystal Investment Property

The Northwest Hospitality Specialists

CIP "The Northwest Hospitality Specialist"
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You are here: Home / Buying a Hotel / Buying a Property – The Process

Buying a Property – The Process

Phase 1: Planning

Strategic Planning Meeting – In person or via phone

  • Goals
  • Background
  • Available Investment & Desired Leverage
  • Down Payment Confirmation
  • Bankability/Credit History
  • Financing Possibilities
  • Timeframes
  • Special Needs – IRC 1031 Exchange, Management, Franchise
  • Review and Evaluation of Property Types

Phase 2: Choosing a Property

Identify Suitable Properties:

  • Review openly marketed properties
  • Contact property owners about off-market availability
  • Network with colleagues about potential properties

Property Valuation Analysis:

  • Review financials and prepare summaries
  • Identify and Measure True Income/Cost
  • Determine Bankability of Project (Cash Out/Other)
  • Review and Recast Operating Margins
  • Operations Comparison to Industry Standards
  • Analyze Possibilities for Sale Structure
  • Reach Agreement on Offer Price and Strategy

Structure Transaction:

  • Buyer Showings
  • Negotiations
  • Contract Preparation
  • Financial Offerings Review
  • Counter Proposals

Phase 3:  Transaction Management and Escrow

Transactions/Management includes:

  • Assist with Title Review
  • Prepare Estimated Net Proceeds Report·
  • Due Diligence
  • Inspections
  • Property Inventory Review
  • Coordinate Franchise Transfer
  • Loan Facilitation
  • Appraisal Liaison
  • Management Contacts

Phase 4: Close Transaction

Closing a Successful Property Sale:

  • Attend Escrow Closing with Client or Agents
  • Assist In Internal Audit at Property
  • Coordinate Inventory of Operational Supplies and Billing
  • Supervise Transition of Ownership

 

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Latest News

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600 NE 99th Street

Vancouver, WA 98665


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