Insider: 7 Tips to Wealth-Creation through Commercial Real Estate Ownership
By Christopher G. Hurn, President & CEO, Mercantile Commercial Capital
Mr. Christopher G. Hurn
My article entitled “7 Tips to Wealth-Creation through Commercial Real Estate Ownership” in the Hotel Business Review explains the benefits of wealth creation through real estate ownership for hotel operators. By investing in ownership of the real estate property in addition to operating the hotel that the property houses, hoteliers can reach their ultimate financial potential and enjoy a more lavish and secure lifestyle.
The article serves as a helpful guide for hoteliers who are considering purchasing their business property. The tips include: getting organized; researching the current market; adding furniture, fixtures and equipment into the financing; buying more square footage than is currently needed; establishing a real estate holding company to own the property; and working with a commercial loan specialist.
I am confident that the information in this article can be very helpful to hoteliers with small to mid-size operations looking to purchase commercial real estate and position themselves for a brighter financial future when the time comes to execute their exit strategy. I look forward to any feedback or questions that readers may have.
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Sincerely,
Christopher G. Hurn
President & CEO
Mercantile Commercial Capital
407-786-5040
churn@mercantilecc.com
