How to Market Your Hotel or Apartment Building for Sale
How hotels and apartment buildings are marketed to buyers: listed versus off-market sales, the offering memorandum, the data room and qualifying buyers.
Insights
Articles on financing, buying, renovating and selling real estate, from distressed properties and hotels to multifamily buildings and tokenization.
65 articles · page 2 of 6
How hotels and apartment buildings are marketed to buyers: listed versus off-market sales, the offering memorandum, the data room and qualifying buyers.
Why hotels and apartment buildings are financed differently, the main loan options for each in Canada and the U.S., and how to compare offers.
What a real estate joint venture is, who the partners usually are, how it compares with syndication or a sale, and when it suits a hotel or apartment project.
The joint venture terms that matter for a hotel or apartment deal: contributions, the waterfall and promote, control, deadlock, exit, risk and legal form.
Banks, credit unions, life insurers, CMBS, agency and private lenders compared on cost, leverage, speed and flexibility, and how to choose the right one.
The public programs that lower the cost of building apartments and hotels in Canada and the U.S., from CMHC loans and tax rebates to LIHTC and partnerships.
Which capital projects raise income and value at a hotel or apartment building, which only protect it, and how to test the return before you spend.
NOI, cap rate, DSCR, occupancy, ADR, RevPAR and GRM explained, with worked examples of how appraisers and lenders value hotels and apartment buildings.
How green loans, CMHC MLI Select energy points, PACE, retrofit programs and impact investors work, and what a hotel or apartment project needs to qualify.
How selling a hotel or apartment building is taxed in Canada and the U.S.: capital gains, recapture, vendor financing, and why a refinance is different.
The terms beyond price that decide a commercial property sale or loan: deposits, conditions, due diligence, closing, representations and loan covenants.
How a sale-leaseback works, why it suits hotels and owner-occupied property more than apartment buildings, and the costs, accounting and tax points to check.