The standard of presentation of a motel will obviously affect the return on investment.
Be warned, there is a sweet spot when it comes the ideal time to renovate. Generally, it’s before occupancy rates and nightly tariffs are so detrimentally affected by a poor environment that profit is so low you can’t afford to refurbish to a reasonable standard.
If that time has passed you need to consider how much you would need to spend to rectify poor standards or years of neglect.
However, a run-down motel might be a steal and provide you with an excellent opportunity to bring your own modern style, or even a retro twist (retro motels are very on trend right now) to the motel, and importantly could be your chance to add real value.
We have many new and old motels for sale on AccomProperties.