🕵️ We track public listings on real estate websites, curate them, and do some detective work to determine their future potential. With our map data the initial due diligence takes a few minutes.
This project was born out of the frustration of trying to buy a small hotel in Portugal.
We aim to solve two main problems for you:
Hard to find opportunities
While there are generic real estate websites, none of them focus specifically on hotels and commercial properties in tourism.
Some hotels are only listed on local agency websites because agents are reluctant to post them on mainstream MLS sites. They fear that other agents will start offering them too—threatening their commission.
This is frustrating for buyers, which is why we created an aggregator that lists all hotels for sale in Portugal, Spain and Costa Rica.
We focus primarily on small hotels with up to 30 rooms (although we occasionally make exceptions), leaving the larger hotel deals to major hotel advisory firms.
Due diligence takes ages
We do some detective work for every single hotel listed for sale. Often, the hotel name is not disclosed on MLS sites, forcing you to contact the agent and schedule a visit.
This wastes your time and the agent’s if the hotel has issues. Using AI, we analyze all public reviews of the hotel from Booking, Airbnb, and Google Maps, so you can see if guests complain about minor issues like poor WiFi (easy fix) or more significant problems like frequent water outages (which could be a costly issue for the new owner).
Another common challenge is that real estate agents often have no experience selling hotels. They treat them as pure real estate, ignoring their value as cash-flowing assets.
Listings frequently claim "there is a lot of potential," but potential for what? No details on ADR (Average Daily Rate), occupancy rates, or revenue are provided. What are the operating costs? How many employees are on the payroll?
While we don't have this data either, we do have information about other hotels in the area, including average nightly rates and occupancy levels.
One of the most exciting features is the ability to analyze hotels on a map. Currently available for Portugal, this feature may be expanded to Costa Rica and Spain.
You can check nearby points of interest (POIs) and explore data layers such as "wildfire risk" (see the example below) and "average temperatures." You can open the map and interact with the data layers in the right sidebar.
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