The Olympics Are Upon Us......

What can the Hotel/Motel Association do to enhance their product for all of the people that will be converging upon our province in February, 2010?

It may be too late for the association to do something if they aren’t already in the midst of planning before now. I am sure they have, but if not, there is still time for your local area, local community or individual owners to get the message out promoting your area.

The Internet is the most effective tool that you may have.

The 1988 Olympics, in Calgary, found that one-third of the visitors stayed in the area for up to an additional two weeks to explore and see what Alberta had to offer.

You can be sure the visitor coming to The Olympics in 2010, are quite computer savvy. They will have already started surfing for information on the diverse geography and tourist opportunities British Columbia has available. A lot of people will extend their holidays beyond The Olympics.

Recently we had reserved a weekend in Seattle to see those dreaded Yankees play ball. The hotel we had made arrangements through, had emailed us three times building up our stay with them. One email was about points of interest and activities we could see and do in the area, with links to investigate further. I think that was a nice touch.

There are some websites offering very good coverage that an individual property owner can join relatively inexpensive, or better yet, a community can get together to save money and advertise through a popular site. Obtain display material, from The Olympic Committee, to have in your rooms or in the lobby of your property. You will receive positive feedback.

We sometimes get complacent about the area we live in but, make no mistake, that the area you reside in has many special and unique attractions for the visitor from another country or the next province.

Talk to the local Chamber of Commerce, getting them involved to keep the visitor in your area for a longer period of time. Even one more night can pay huge dividends to the community. If they don’t stay longer, maybe they will remember your area and want to come back another time in the future plus tell people about your area back home. After the visitor leaves, send a follow up email two weeks after they have left, thanking them for utilizing your facility and that you look forward to their next visit.

Tourism British Columbia and Alberta can help with the promotion of your community at this late date.

Jerry Dombowsky
Premier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone: 250.717.1886
Fax: 250.765.0577
Toll-Free: 1.866.765.0579
Email: jerry@pcrealty.ca
Web: http://www.premierhotelsandmotels.com/

How to keep travelers and vacationers in your region!

Travelling through diverse areas of British Columbia and Alberta this summer, attempting to meet as many property owners as possible, I have come to appreciate the beauty that exists in these provinces. The majestic north of Terrace, B.C. and area to the spectacular hoodoos of the Badlands in Drumheller, AB where the dinosaurs once roamed millions of years ago left quite an impression.

It is apparent that some communities have done a great job in restoring historical sites and publicizing their many attractions, attributing to tourists’ longer durations, discovering a new adventure at every turn. What wonderful memories to take back home, sharing their experiences with people they know!

In talking to travellers, the majority of them said they were not travelling as far this summer but that they wanted to explore the areas closer to home. This is where a community working cohesively together can capitalize on, not only the tourists but business travellers. Imparting information about the area would entice these travellers to spend extra time getting acquainted with the venues brought to their attention. The more a community works together, the more all businesses will flourish.

It’s great to receive the far away world tourist but it can be a great feeling for the area visitor to give you positive feedback. These are the people who will keep coming back.

During my travels, I had stopped in at one information center that made quite an impression on me. I had asked the female attendant how I could spend my holiday in the area. Of the selections discussed, she gave me a circle tour that would keep me in that area for four days.

This is something that a good accommodation operator could train the staff to present to the inquisitive tourist. Offering to map out attractions to see, ultimately keeping the clientele in the area for a longer period of time would be of benefit, not only to the traveller, but to your operation.

Chances are this traveller will come back to your place in the future because of the helpful assistance given during their last stay. You can bet, they will be talking to their friends and co-workers about the helpful people at your memorable place!

Jerry Dombowsky
Premier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone: 250.717.1886
Fax: 250.765.0577
Toll-Free: 1.866.765.0579
Email: jerry@pcrealty.ca
Web: http://www.premierhotelsandmotels.com/

BC motel realtor, selling hotels in BC

When Is The Best Time To Sell Or Buy in British Columbia?

It can be easier than you think if you follow a few steps:

Why do I want to sell? There can be many reasons. I want a larger property. I am very comfortable operating this property but I have some extra cash from being a good operator. I’m thinking now is the time to move up to a larger property. The property is in good condition and I should get maximum dollar because the new buyer will not have to spend any money to improve it, for now.

How do I sell the property and what method do I use to get the maximum price? Do I try myself or hire a professional. Selling it “myself”, very seldom works because a sign or ad doesn’t usually get the results you want. The professional has potential buyers waiting to purchase from areas far away. The professional is usually dealing on multiple properties and has multiple clients looking for a variety of property types.

In today’s market place, the professional should have a quality website and, this, above all other advertising will bring the good buyer.

PRICE: This is the most important of all the items that should transpire before selling. The seller always has a price in mind but he or she should always listen to the professional because they usually come in with no emotion attached to the property and will give you an honest opinion. Most of the time, properties that sell are the ones that had a price assigned by a good, honest professional.

If you have any doubts, get an appraisal completed by a bank approved appraiser. The rates, today, are at an all time low and a purchaser can save thousands of dollars over the life of the mortgage if they get in now. There is a lot of action in the market place at this moment with buyers looking for that “right priced property”.

OR... do I just want to retire and get out of the business altogether. If this is your wish, then the above thoughts will work for you as well.

Jerry DombowskyPremier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone:250.317.0432
Fax: 250.767.3276
Toll-Free: 1.866.765.0579
http://www.premierhotelsandmotels.com/
http://premierhotelsandmotels.blogspot.com/

Hotels and Motels for Sale BC Alberta Canada

Positive Signs as Canadian Resale Home Numbers Increase in February for Kelowna and British Columbia

As reported by Economic Development Commission - March 23, 2009

The Canadian Real Estate Association (CREA) reports that the number of resale homes sold in February through agents who use the multiple listing systems (MLS) rose 8.6 percent above seasonally adjusted levels for January.

The seasonally adjusted residential MLS sales figure rose to 28,669 homes, marking the first monthly increase in activity since September of last year.

Monthly seasonal increases were the largest in British Columbia, with a rise of 14.4 per cent, followed by Nova Scotia at 12.7 percent and Alberta at 11.9 percent. Ontario and Quebec saw increases on par with the national average.

"Typically, the spring market we're moving into generates more activity," said CREA president Calvin Lindberg. "And this year there are the benefits from historically low mortgage rates and improved affordability in most markets."

Click here for more MLS statistics from CREA.

Jerry DombowskyPremier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone:250.317.0432
Fax: 250.767.3276
Toll-Free: 1.866.765.0579
http://www.premierhotelsandmotels.com/
http://premierhotelsandmotels.blogspot.com/

Hotels and Motels for Sale BC Alberta Canada

WHAT BENEFITS CAN YOU EXPECT DURING A MARKET DOWN TURN

The Hotel Association of Canada released an extensive survey conveying very interesting results. Some of the findings were, with the economy slow down, you would think you would see a downward impact on travel but.... NOT SO.

Three-quarters of Canadians said they were still going to travel. They may not stay as long or stay at high end hotels/bed and breakfasts. They may not spend as much on dining out. This could be a great opportunity for the hotelier to come out with some innovative ideas for extended free night stays or other enticements. The creative owner/manager will adapt to the current situation and come out stronger in the end.

The business traveller requires more access to facilities such as the latest technology in internet access/projector; small meeting room with up-to-date furnishings and accessories accommodating 4-6 individuals for a minimal cost.

The Canadian traveller utilizes the internet to access the most suitable accommodations for their specific needs. Three-quarters of business and leisure travellers say that the high-end hotels’ testimonials will influence where they stay. If the lower-rate accommodation properties have good testimonials on their website, they too, will benefit.

Almost two-thirds of travellers are using the internet to book their accommodation and over 90% are downloading maps and directions. They are taking virtual tours to look at the on-line photos to see where they will be staying and what amenities and attractions are in the area. It is very important to have a clean, sharp looking site and go “that extra mile” to developing a quality website.

Loyalty program rewards may not have played a big roll when the economy was better but now, may be a deciding factor where and how much longer a business or holiday traveller may stay. The clever operator will market that side of the business and will benefit greatly from the extra stay time.

There can always be a silver lining to all aspects of the economy.

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Jerry DombowskyPremier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone:250.317.0432
Fax: 250.767.3276
Toll-Free: 1.866.765.0579
http://www.premierhotelsandmotels.com/
http://premierhotelsandmotels.blogspot.com/

Hotels and Motels for Sale BC Alberta Canada

Seven Steps to Bettter Tourism Finacing

I just received a great bit of information from Ron Taylor on Tourism financing that is relevant to our industry.

Jerry Dombowsky

Tourism operators including those in the hotel and motel industry generally experience greater difficulty in accessing capital when compared to other industry sectors. This is especially the case for new ventures but is also true for established operations. Reasons for this include the higher failure rate of tourism businesses compared to other industry groups.

Institutional lending policies themselves are a barrier as lenders limit the number of 'risky' businesses they are willing to allow into the lending pool. When competing for their share of a lending pool that is neither broad nor deep, it is very important that operators do everything they can to improve their chances of being approved for financing.

Operators, who understand the importance of being prepared, know that well-researched and documented business plans as well as a professional presentation to lenders can make all the difference in securing needed capital. Well documented and well presented financial proposals for viable businesses can attract suitable financing even in situations where some lenders have previously said "no" to the application.

The essentials to making a successful pitch for financing should include:

1. A well documented, professional loan application, which should include an extensive marketing plan that identifies where the cash flow is coming from.
2. A well documented, well supported financial plan which should include a cash flow projection through at least one complete operating cycle, in addition to forecast income statements and balance sheets for at least 3-5 years.
3. Identification in simple terms as to how payments to the lender will be made in the event business cash flow does not meet expectations.
4. Full supporting documentation, which may include financial statements, personal net worth statements and other relevant documents.
5. Making a good first impression. First impressions are extremely important, and experienced operators know that they must be well prepared at the very first meeting to present their application.

Businesses that do not adhere to these principles will have difficulty attracting suitable financing even when they are viable.' Operators who do not have the time or the expertise to develop a financing application incorporating the above essentials should consider engaging a qualified consultant. This will greatly improve their chances of seeing the loan approved.

Ron Palmer

Taylor Capital Inc. is a capital placement firm operated by R. N. (Ron) Palmer CIM, AMP an experienced finance professional. Linked to an extensive network of capital providers both in the private and public sectors we are dedicated to providing capital arrangement services for mid-size companies located in British Columbia. We have been providing innovative financial solutions to businesses in virtually all industrial sectors since 1998.

Relationship with Mr. Ron Palmer of Taylor Capital

Premier Hotels and Motels.com are pleased to announce a relationship with Mr. Ron Palmer of Taylor Capital.

Mr. Palmer has been in the accommodation industry lending for many years. We hope this alignment will provide a positive working relationship for our many clients who are looking for financing to purchase or refinance.

Welcome aboard, Ron.

Jerry Dombowsky
premierhotelsandmotels.com

Ronald (Ron) N. Palmer has been involved in the Canadian financial services industry since 1976. For over twenty years Ron worked for major Canadian chartered banks at a senior level where he structured debt transactions for corporate clients in a wide range of industries.

Ron was valued for his ability to structure, underwrite and generally find a way to get deals done.During his commercial banking career Ron received specific, high level training in commercial and residential real estate project financing. Since leaving the banking industry in 1998 and subsequently forming Taylor Capital Inc., he has focused on serving clients throughout British Columbia.Ron's preferred areas of practice include residential, commercial and industrial development financing in addition to financing in the hospitality sector.

Ron services his clients from his centrally located home office near Kelowna.In 1998 the Canadian Securities Institute awarded Ron the Canadian Investment Manager designation. Ron is a licensed mortgage broker in the Province of British Columbia.

Canadians will spend their holidays at home!

The Canadian dollar has declined compared to the American dollar in the past month. Based on this factor, a lot of Canadians will be spending their holidays in Canada this year.

This can be good news to the British Columbia and Alberta motel and hotel industry. With the winter months upon us, now could be the right time for the winter playgrounds in both provinces. Your accommodation pricing must reflect the economic slowdown around the world.

For those wishing to come to the winter wonderland, it could be an excellent opportunity for the world to come to visit Canada before the Olympics.
The astute operator will have to sharpen their rates. The not so popular winter destinations can draw vacationers through tour companies and through their franchisors.

This is where the individual accommodation owner or association has to be creative and do some planning. Accommodation facilities need to get involved with their local Chamber of Commerce and City Hall to market their area.

All areas of British Columbia and Alberta have a lot to offer the European, American and Asian tourists. Accommodation demand will increase because of the wide array of winter activities available in these two provinces.Not intended to solicit properties already listedClick Here For Jerry's Blog

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Jerry DombowskyPremier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone:250.317.0432
Fax: 250.767.3276
Toll-Free: 1.866.765.0579
http://www.premierhotelsandmotels.com/
http://premierhotelsandmotels.blogspot.com/

Hotels and Motels for Sale BC Alberta Canada

Jerry Dombowsky - Hotels and Motels - FINANCING: This is where the “rubber hits the road”.

Recently I have been asked about Financing for accommodation properties so I have taken the time to put a few key points together.You basically need to create a favourable self portrait for yourself.

Here are the things to do when preparing for the sale of your property.

· When purchasing accommodation property, you have to have a good insight into what banks are looking for when financing a project.
· Cash flow is the most important criteria
· Experience of the borrower, not only in this field, but your full working background and that is why it is important to have a professionally completed, up to date resume.
· Build a relationship with a lawyer, accountant, banker or broker
· Don’t forget... When pricing your property, it is always best to get an independent evaluator, like a realtor or, better yet, a bank approved appraiser. When you price your own property, is always filled with personal emotion and not good judgement. Let the professional do it!
· To help the bottom line, an owner must be prepared to reach out and sell his property to corporations, government, sports leagues and the community.
· It’s the time to be on the offensive and let the public know what you have to offer.
· The amenities that the public and organizations want, i.e. wireless (very important in this day and age), complementary products that you provide, i.e. breakfast in house, laundry and overnight dry cleaning services, parking for oversize vehicles, ie.: The team bus, large equipment moving to the work site and motor homes for the client that may want a different experience.
· I have been told this can add to the bottom line by as much as 10 – 15% and all this takes is a little planning and getting the information out to the different organizations and public.

Not intended to solicit properties already listed
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Jerry Dombowsky
Premier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone: 250.717.1886
Fax: 250.765.0577
Toll-Free: 1.866.765.0579
Email: jerry@pcrealty.ca
Web: http://www.premierhotelsandmotels.com/

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Hotels Motels, and Resort real estate in BC and Alberta Hotels Hotels for Sale, Motels Motels for Sale, Hotels and Motels for sale in Canada

Jerry Dombowsky - Questions to ask when Buying or Selling Hotels and Motels

If you’re looking for a new accommodation property and are a current property owner, what is your strategy?

Do you wait to find the accommodation property suitable to your needs before you put your existing property on the market, or do you sell first then begin the search process?

When is the best time to purchase or sell a property? The best time to purchase is when YOU WANT TO BUY; the best time to sell is WHEN YOU WANT TO SELL.

Do you let outside forces dictate your decision? If the current property is an asset sale, due to taxation regulations, your new property must be purchased within one year of the final sale date of your current property. If the current property is a share sale, all financial statements must be in good order and filed with the appropriate agencies confirming that all documentation is in good order.

Many documents must be examined when purchasing a property. The main documents are: analyzing the financial information and obtaining suitable financing.

If there is more than one partner, do you have a Buy-Sell Agreement in place?

If one of the partners dies, how do you pay out the heirs?

For assistance with these questions and many more contact Jerry Dombowsky of Premier Hotels and Motels.
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Jerry Dombowsky
Premier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Phone: 250.717.1886
Fax: 250.765.0577
Toll-Free: 1.866.765.0579
Email: jerry@pcrealty.ca
Web: http://www.premierhotelsandmotels.com/

Hotels for Sale Motels for sale

Jerry Dombowsky - Hotels for sale - Motels for sale - Location, location, location!!!

You know what they say about real estate, location, location, location!! When buying a hotel, motel or resort the existing property location should follow some of these purchasing guidelines:

· Easy in and out access and, if possible, seen from main traffic arteries. · How close to shopping and entertainment is your location?
· How close are you to water and activities, especially if in a water tourist area?
· What clientele are you catering to?
· Know your clientele. If it is the tourist you may need amenities such as pools, waterslides and games area.
· Does the location have a little pizzazz to keep the regulars coming back?
· Does the location have the ability to be developed into a compelling draw for the drive by or the return client?
· It is important to check with the local transportation department in the area, to find out if traffic patterns are going to change in the near future. How will that affect you and the general area short and long term?
· If you are targeting the Business traveller you will need a comfortable work area in the room, plus the latest technology.
· If you cater to the contract worker, you will need the basic living comforts and additional parking for the specialty equipment that they may have on the way to the job site.
·Belonging to the Chamber of Commerce and other organisations popular in this particular area will always help in getting your property to a higher level of recognition.

When buying, buy the property you need great access to amenities. The Hotel can be renovated, but you can't change the location. Location is where the real long-term value is.

Remember, the good qualities are very seldom mentioned but the bad ones are never forgotten and repeated time and again. Always present the best side of your property. It is a part of you.
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Jerry Dombowsky
Premier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna, British Columbia V1V 2A7
Phone: 250.717.1886
Fax: 250.765.0577
Toll-Free: 1.866.765.0579
Email: jerry@pcrealty.ca
Web: http://www.premierhotelsandmotels.com/

Hotels for Sale Motels for sale BC Alberta Canada

Jerry Dombowsky - Hotels and Motels - New post for Realtor

The Daily Courier – Business - New post for Realtor - Steve Macnaull - Valley News - September 9 2008

Premier Canadian Properties in Kelowna has launched a new division called Premier Hotels and Motels.

Specialty realtor Jerry Dombowsky heads up the new division which matches the buyers and sellers of hotels and motels throughout British Columbia and Alberta.

The partnership with Premier Canadian Properties means that Jerry Dombowsky's listings are promoted through Premier Canadian Properties as well as internationally with Christies Great Estates, of which Premier Canadian Properties is a member.

The new division has its own website located at http://www.premierhotelsandmotels.com/

Jerry Dombowsky has dealt with hotel and motel sales for the past 32 years.
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Jerry Dombowsky
Premier Hotels and Motels - The Connections to close the deal

#6-3185 Via Centrale, Kelowna, British Columbia V1V 2A7
Phone: 250.717.1886
Fax: 250.765.0577
Toll-Free: 1.866.765.0579
Email: jerry@pcrealty.ca
Web: http://www.premierhotelsandmotels.com/

Hotels for sale BC

Press Release -Jerry Dombowsky - “Grandpa sells Motels and Hotels”

Jerry Dombowsky was at a family gathering last summer when he started talking about his love of selling hotels and motels and working with buyers on their purchase of a property.

The grandchildren were within “ear shot” of this conversation when they began shouting “Grandpa sells hotels and motels”.

This struck a cord with Jerry.

In his 32 years of real estate experience in Alberta and British Columbia, Jerry Dombowsky has seen a lot of real estate transactions, specifically in the hotel and motel industry.

Jerry says, “The internet is an integral part of day to day communications. The diversity and transference of information brings the property to the property buyer in a timely informative manner.”

Jerry has a broad knowledge of hotel and motel markets in Alberta and British Columbia and has completed many hotel and motel sales and purchase transactions including small and large businesses, and commercial real estate. Having owned and operated ranches, hotels and motels, in the past, Jerry Dombowsky has a very good understanding of the effort needed to close the deal.

As of September 1st, 2008, through Jerry Dombowskys connections with Premier Canadian Properties and Christies Great Estates, the benefits of buying a hotel, motel or resort will be presented to a worldwide audience. Jerry’s new website which is dedicated solely to the acquisition of hotels and motels in Alberta and British Columbia is located at http://www.premierhotelsandmotels.com/.

Now that “Grandpa sells hotels and motels”, the grandchildren are looking for extended stays with Grandpa.

For more information or an interview, contact Jerry Dombowsky at (250) 717-1886.

Motels for Sale Canada

Jerry Dombowsky / Premier Hotels and Motels

Premier Hotels and Motels understands the market and we have the connections to close the deal for both buyers and sellers. At Premier Hotels and Motels we have a list of pre qualified Buyers for the Sellers which will allow us to complete the deal sooner.
From our key contacts we have qualified properties for Buyers to choose from and this allows us to help match Buyers with the right property to fit their needs and desires of our clients. Some properties need a certain personality, someone with vision and strong leadership’s skills to get the highest return on investment.
At Premier Hotels and Motels we have a list of financial institutions that specialize in lending to accommodation oriented properties.
Some properties need a certain personality, someone with vision and strong leadership’s skills to get the highest return on investment.
At Premier Hotels and Motels we have built strong relationships with local and overseas travel companies to assist the owner expand their business.

Jerry Dombowsky

Premier Hotels and Motels - The Connections to close the deal

#6-3185 Via Centrale, Kelowna, British Columbia V1V 2A7

Phone: 250.717.1886

Fax: 250.765.0577

Toll-Free: 1.866.765.0579

Email: jerry@pcrealty.ca

Web: http://www.premierhotelsandmotels.com/