: Investors typically target underperforming assets, such as hotels with high vacancy rates or those neglected by absentee owners. Common targets include:

: Many "we buy hotels" entities act as General Partners (GPs) , partnering with hedge funds, insurance companies, or high-net-worth individuals who provide the majority of the capital. Financial Fundamentals

: RV parks, campgrounds, and short-term rentals (STRs) like Airbnb properties.

: Prime locations with high growth potential.

: Preferred to avoid bidding wars and find "distressed" pricing.

: A common industry metric is that a hotel should generate $1 in Average Daily Rate (ADR) for every $1,000 in value per guest room.