A hotel – a business property that combines real estate with the chance to run a tourism and hospitality business. This type of property is of interest both to entrepreneurs with experience in the sector and to investors looking for an asset with the potential to generate income. Hotels vary in scale and concept, from small family-run places and rural tourism hotels to large hotel and holiday complexes, spa hotels or seaside hotels. The defining characteristic of a hotel property is the way it is organised to accommodate and serve guests. Depending on its category and size it may include hotel rooms or apartments, a reception, a restaurant, a kitchen, leisure areas, conference space, parking and various additional amenities. It is the combination of capacity and functionality that largely determines what can be made of the particular property. When choosing a hotel for sale or to rent, the location is one of the most important factors. Tourist flow, accessibility, seasonality, capacity, the condition of the building and the scope for additional services all matter. A hotel in an established tourist, urban, seaside or mountain destination can have a quite different business profile and potential from one in a developing area. As an investment property, a hotel offers scope for income from accommodation and additional services, but it also calls for active management. When valuing one, it is therefore important to look not only at the value of the real estate but also at its capacity, its positioning and its potential for sustained growth. Whether the aim is a hotel business of your own, the expansion of an existing operation or an investment, a well-chosen hotel combines the value of the real estate with the opportunities of the tourism market.