There are a variety of ways to market hotels with the most preferred being maximum market exposure. The “bidding environment” created by this means, often yields the best result. A minimum amount of information is required to generate interest and significantly more is required for potential purchaser to make educated offers. This includes basic details about the site location, physical structure, operating statistics and profitability.
Mumford Company associates work with individual sellers to determine what and how much information is available to the general public via our website, what is to be shared in our marketing materials and lastly what is to be provided during the due diligence phase. Occasionally, sellers prefer to reveal only limited information prior to potential purchasers executing a Confidentiality Agreement. This method is usually reserved for more complicated or otherwise sensitive transactions.
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