Multiples for a hotel?

searcher profile

September 19, 2025

by a searcher from Northern Illinois University in Chicago, IL, USA

I am evaluating a standalone hotel. What are typical multiples for a non-branded hotel? Seller is looking at a multiple of revenue, which I thought was strange. Thanks
0
10
130
Replies
10
commentor profile
Reply by an investor
from Polytechnic Institute of Milan in Metropolitan City of Milan, Italy
All I can tell you is that in 2017 a 75 room hotel in Milan (Italy) sold for 1.5M eur. Balance sheet: unknown (the building did not belong to the business however, sure about that). Income statement: revenue 1.5M, EBIT 300k, property rental 600k.
commentor profile
Reply by a searcher
from Northern Illinois University in Chicago, IL, USA
Thanks Luke
commentor profile
+8 more replies.
Join the discussion