INVESTMENT CRITERIA

 
 

size:

50-125 Key

location:

Within 3 hours of a major MSA (1m+ POPULATION)

MANAGEMENT:

Unencumbered of Management OR ABILITY TO TERMINATE

Amenities:

Walkable Location (Downtown, Beach, or Restaurants), Area Amenity near tourist draws (National Park, Lake, Ski Resort)

BRANDS:

Ability to De-Flag if Branded, Typical product type: exterior corridor (Days Inn, SUPER 8, Travelodge, BEST WESTERN, Holiday Inn Express, Rodeway Inn)

REMODEL:

Cosmetic fixer, no major structural repairs, no new construction, roof, HVAC, pool, exterior remodels are fine. Plan to use existing walls, bathroom configurations, etc.

SPECIAL INTEREST:

Especially interested in traditional drive-up 1950s-1970s hotels (Mid-Century Modern, Neon Signs)