All small hotels for sale in one place

Analyze them with just a few clicks for a fraction of the price you'd pay to an advisory firm πŸ’Έ

πŸ•΅οΈ 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.

Analyze Opportunities
🎬 Podcast
Ep1: Where to start?
Peter and David explore different business models, the importance of room count, location considerations, and the impact of climate data on property selection. The discussion also touches on the design of public spaces, the concept of white-label hotels, and the challenges of staffing in the hospitality industry.
Ep2: How to find hotels for sale?
Peter and David brainstormed criteria for selecting properties, understanding the hotel broker market, analyzing performance metrics, and strategies for contacting potential sellers.
✍️ Blog
Analyzing transportation data (flights, trains, highways) when buying a new hotel
Trains and flights are the primary modes of long-distance travel, and understanding their impact on hotel performance is essential.
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How to identify off-market hotels for sale
How do you identify those owners who may be open to selling and have a hotel with untapped potential?
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The number of hotels for sale in Spain dropped by 8% in 2024
The number of hotels for sale in Spain dropped by 8% in August 2024 compared to the same period in 2023. Last year, there were over 1,300 hotels for sale, while this year, there are just over 1,200.
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Your guide to buying a small hotel in Costa Rica
This guide will walk you through the process of purchasing property in Costa Rica, along with tips for maximizing returns on your small hotel investment.
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Risk of wildfires in Portugal
Our map tool for analyzing hotel deals in Portugal has a layer that shows the Risk of Wildfires. Let's see how accurate it is.
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How many rooms should have your first hotel?
When purchasing a hotel, the size of the property is an essential consideration that can significantly affect the success of your investment.
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Surprising observations about hotels for sale in Portugal
Here are some surprising things I've learned in the last months about the Portuguese market.
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πŸ‘‹ About "Buy That Hotel"

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:
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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 tooβ€”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.
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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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