What score means I am ready to buy a boutique hotel?
No score in this quiz authorizes a purchase. A score of 37–45 means the evidence is ready for final independent challenge only if every question scores at least 2 and no override applies; the investment decision still requires property-specific judgment and applicable specialist approvals.
How should I score missing or uncertain information?
Choose the highest answer you can fully support with evidence available now, and select the lower answer when uncertain. Missing evidence reduces readiness under this rubric, but does not establish that the hotel is a poor investment.
Can an all-cash boutique hotel buyer earn full points?
Yes: question 12 provides an all-equity route based on documented capital availability, funding timing and downside capacity. Do not assume an uncommitted future refinance will supply cash needed for the current plan.
Can I use this quiz for an adaptive-reuse hotel conversion?
Yes, replacing historical hotel results with a sourced demand model, operating budget and pre-opening funding plan. Give particular attention to the physical-condition and lawful-operation override, and do not claim historical hotel performance where none exists.
Is this useful if I already own the hotel and only want to change operators?
Yes: use the current operation as the baseline and concentrate the follow-up on questions 4, 8, 9 and 15. Compare proposals on common assumptions, then separately examine each operator’s own forecast and the transition conditions.
What if I score highly but have an unresolved renovation funding gap?
The funding override takes precedence over the numerical band. Retain the raw score for tracking, but label the result Hold irreversible commitment until the scope, payment timing and available funding have been reconciled.
Do I need to hire a consultant to achieve a high score?
No: the rubric rewards documented and challenged evidence, not expenditure on advisers. Use external support where your team lacks the necessary competence, independence, data access or capacity, and define the decision-specific output before commissioning it.
What should I do immediately after completing the quiz?
Apply the override checklist before interpreting the score band, then select the three gaps most likely to change the decision or cash requirement. Assign each gap an evidence request, accountable person and completion date before the relevant commitment milestone.