Whether you’re looking to buy or sell a bed and breakfast, we highly recommend getting an inn valuation completed. But what exactly is it? Many people are unfamiliar with the inn valuation process, and there are plenty of questions swirling around the internet on the topic. Don’t worry – we’re here to clear everything up. You can always trust the Inn Partners to provide you with expert knowledge and services in the hospitality industry.
Read on to find out more, then feel free to contact us to have your very own inn valuation. We look forward to speaking with you and sharing our expertise!
Learn All About the Inn Valuation Process
So, you’d like to discover the ins and outs of inn valuations. Well, you’re in the right place! We have conducted numerous inn valuations for properties across the country.
Simply put, a valuation establishes the value of a property based on a comprehensive review of factors affecting its worth. Our hotel valuation method produces a value in addition to developing solid information about what makes the property viable, how future owners might operate, and other opportunities for enhancing business activity. It’s beneficial for people on both sides of an inn transfer – buyers and sellers.
How Is It Different From an Evaluation?
Be careful not to fall into the trap of thinking a hotel valuation report is the same as an evaluation. Despite being only one letter apart, there several differences between valuations and evaluations. An evaluation focuses on critiquing operations and providing suggestions for improving your bottom line. This includes aspects such as marketing, staffing, guest relations, web presence, and overall condition of the inn. The valuation of a hotel business, on the other hand, is more relevant for conducting successful property transfers.
How Can I Get an Inn Valuation?
When it comes to inn valuations, trust the industry experts with over 40 years of experience buying and selling inns in the United States and abroad. Our proven approach to inn valuations ensures both parties get the information they need to achieve their goals. It’s just one of the many ways we work as matchmakers with buyers and sellers in the world of hospitality. Plus, if you’re an aspiring innkeeper, you can rest easy knowing that all our distinguished inns for sale have gone through our meticulous inn valuation process.
Contact us today to learn more!