8 Hotel for Sale in Wagga Wagga + Riverina NSW

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The main difference between freehold and leasehold hotels is about ownership of the actual property. 

• Freehold hotel -  you are buying the property and the land, giving you long-term stability and full control of the business and location. However this type of purchase usually costs more. Buying a freehold hotel has the potential to increase in value of the property as well as the business. 
   
• Leasehold hotel - means you lease the property for a set period, it's usually a longer lease such as 5x5x5 or 10x10x10. It will be a commercial lease with the owner of the property. You can buy the leasehold interest either from the current business owner (the current tenant) or directly from the freehold owner, who has chosen to sell just the business.

There is a vast difference in pricing whether you are buying a hotel leasehold or freehold. If you are buying freehold, the location of the business will also have a huge impact on the price you are paying. 

On Bsale, the average price of an accommodation business is $2 million, this is more than likely due to the freehold element. The value of the accommodation marketplace is over $2 billion. You can read more on > Bsale Market Insights

Articles:

• 192 Hotels For Sale - A Thriving Market with Lucrative Opportunities
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• 7 Tips to Buying a Pub in Australia

Guides:

> How to Buy a Business

If you are looking to sell your hotel, you have the option of selling privately or engaging a professional business broker. There are business brokers who specialise in hotel and motel sales. Here are some guides to assist:

> Guide to Selling a Business in Australia

> How to find a business broker

> Sell a Business Online