Hotel investment is a great way to diversify your portfolio.  If you are thinking of this type of investment, you need to know some tips to make the most of this.  It is important to note that this is not an investment that should be entered lightly, and you always need to do your due diligence. 
Know Your Hotel Brands
Before you choose a hotel investment, you must do your research.  While doing research, you need to ensure that you look at all the different brands that you can invest in.  When you get to know the different brands, you will be able to determine which ones are on the rise and which are waning.
You do not want to invest in a waning brand because your returns will not be very good.  Global popularity is important when you invest, and you need to look at this.  You can only make an informed investment decision when you have done your research.
Think Local
While you need to look at the global popularity of a hotel brand before you invest, you also need to consider the local market.  When you look at local brands you will generally be able to understand their driving factors better.  This is since you better understand the market that they operate in. 
When you look at local hotel brands, you will need to carefully consider if luxury or budget hotels will be better.  There are certain areas where a budget hotel will be more profitable than a luxury one and you need to consider this.  The success of the hotel will impact the success of your investment.
Always Read The Small Print
Every hotel investment is different, and you need to read the terms and conditions carefully.  The small print will tell you more about the return that you get on your investment and what type of investment return you are getting.  There are several ways that your return can be provided to you and you need to ensure that your contract details the right one. 
It is recommended that you have a solicitor look at the contract before you sign it.  They will be able to tell you what each of the clauses and terms mean and how this will affect your investment.  You should only sign the contract when you are completely happy with all the terms and have ensured that the figures add up.
Look For A Guarantee
Not all hotel investments will offer you a guaranteed income, but there are many that will.  This will often be a better option than a shared return on your investment.  If possible, you should prioritise these types of investments. 
Of course, you will need to assess whether the guaranteed return that you get will be worthwhile.  If you are investing in a hotel that you are very confident will do well, your guaranteed return might be less than the shared profit return.  However, this is always a risk and the guarantee will lower your overall risks which is beneficial for many investors.