Will a motel’s long-stay guests keep staying after I buy it?
Many will stay if the room, the price and the way they are treated stay familiar. Long-stay guests value stability. Change rates, rules or the manager they know all at once and some will go. Learn who they are and what they expect before you plan any changes.
Ask the seller who the long-stay guests are in general terms: contractors, workers on assignment, people between homes, regular travellers. Each group stays for a different reason, and each reacts differently to change. Ask how they were found, whether through a company or by word of mouth, and how they pay.
Next, look at the arrangements. Are there written agreements, or just understandings? Some may be tenancy-like in practice, and the rules that apply to longer stays can be different from regular guest rules. Ask a lawyer how those arrangements pass to a new owner and what you may and may not change.
Then consider the human side. Long-stay guests often get to know the front desk, housekeeping and the owner. If the people leave with the sale, so may the comfort. Ask the seller to introduce you, and think about keeping existing staff for a while. Finally, go slowly on changes. Keep service routines and communicate before altering rates or house rules. Ask guests what they like and what bothers them. That information helps you choose which changes are worth making. A short, friendly note to each long-stay guest on your first day can settle many worries before they start.
Key takeaways
- Find out who the long-stay guests are, how they came and how they pay.
- Have a lawyer check how longer stays are treated and what carries over.
- Keep familiar faces and routines in place while guests get to know you.
Related reading
15 pages on the same subject, grouped by topic.
Buying
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- Expert answerWill the technicians stay after I buy an auto repair shop?
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- Expert answerWill a bakery’s wholesale accounts stay after I buy it?
- Expert answerWill caregivers stay after I buy a home care agency?
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Selling
- GuideWhat stays with me after I sell my business, such as staying on, a non-compete and tax?
- Expert answerHow do I document the long-stay guests at my RV park for a buyer?
- Expert answerHow do I keep my inn’s guest reviews strong while I am selling?
- Expert answerHow do I move my cottage rental portfolio’s guest messages to a buyer?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
- 04Business Development Bank of CanadaGovernmentUnderstanding post-merger operational integration
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