Hotel Acquisition - Locating the Asset addresses the first part of acquiring a hotel--locating a hotel asset to buy. Topics include devising an investment strategy (e.g., a short-term value add strategy vs. a long-term income strategy), creating the acquisition criteria (e.g., cost, location, property type, encumbrances, etc.), putting together the acquisition team, using a broker and broker agreements, other ways of finding a hotel to buy, and the initial screening of candidates.