Investing in hotels with Solly Assa

NEW YORK - Oct. 31, 2017 - PRLog -- Before anyone embarks on a hotel investment journey, there are several things that must be considered. Experienced hotel developer and real estate expert Solly Assa says that all investors should acquire general knowledge of the hotel industry in order to learn how it is functioning.

As a founder and CEO of Assa Properties, Solly says that the location of the hotel is the most important element in the development of a hotel. The markets often demand specific hotel types and target group guests often determine the purpose of any hotel. Hotels located in economic centers, in principle, achieve the greatest percentage of occupancy compared to hotels which are seasonal. By definition, the hotel is an institution in which production and sales are performed under the same roof. There are five basic elements that define a hotel:

- Location

- Service

- Content

- Image

- Price

Every mentioned element is more or less important for different people. Hotels are graded by the service they provide through a basic division which separates the hotels with full service from ones with limited service.

Read more on https://patch.com/new-york/new-york-city/investing-hotels...