The prospective hotel must own or purchase a property that’s appropriate for housing people on a temporary basis in an area that allows hotels. Proper upkeep of the hotel and its grounds is also essential, as certain areas may require regular inspections.
The easiest way to own a hotel is to purchase a used one, although it’s important to know why the building was sold. Large buildings can also be converted into hotels if zoning rules allow, but the cost can be high. Similarly, it’s possible to construct a new hotel with sufficient capital.