Is it better to buy an existing hotel or build new?

New construction allows owners to build an attractive, modern property that meets the demands and expectations of today’s consumers – without many of the uncertainties and challenges that can come with renovating an existing property. Microtel and ECHO Suites both require new construction. MasterBUILT can help you determine if a new Microtel or ECHO Suites is viable in your market and if market demand will result in attractive topline figures. We’ll help evaluate real estate options and identify any barriers to entry (such as restrictive covenants) to ensure a new build is the right choice.