An Introduction to Purchasing or Leasing a Motel: Guidance for Prospective Moteliers. MANZ has published an introductory guide for prospective moteliers entitled An Introduction to Purchasing or Leasing a Motel: Guidance for Prospective Moteliers. This document provides useful, first-up advice, and is an essential part of anyone's preparation before entering motelling as a career.

What is this publication about?

The purchase or construction of a motel freehold or the signing of a lease is perhaps the biggest single commitment that many people will make in their lives. It usually involves a substantial proportion of their savings capital and leads to a substantial, long-term commitment. For that reason, the best advice you can ever get or want should be from an appropriately experienced professional. Many people make the mistake of using the family lawyer, accountant, etc. Unless these people have an extensive background in the motel industry then they are not appropriately qualified to give you the advice that is required.

The motel industry can be very lucrative and rewarding. It can also lead to ruin for those that enter the industry without understanding the commitment that motel ownership will demand of them. Every motelier should have an in-depth understanding of their individual business break-even point and the effect additional overheads may cause. They should also plan towards exiting the industry and ensure that such exit (when it eventuates) will be profitable, smooth and as functional as possible.

This document is designed to give you an introduction into what is required as you investigate your wish to sell, purchase or lease. Most of the points that apply to a person purchasing must also be considered when selling. They are not secrets but can sometimes be very involved and complicated transactions in contract law. This document does not stand alone, and is simply a first step in what is an involved process for the purchase or sale of a motel or motel lease.