# Per-key value

A term used when buying motel.

The property's price divided by its room count, the trade's per-unit lens.

Per-key is how motel and hotel people sanity-check any asking price in one division, and the honest use is comparative: what did the corridor's last three sales run per key, and what does this property's condition justify against them? A low per-key number is not automatically a bargain, it is often a [capex](https://searchspheresource.com/glossary/capex) bill wearing a discount, so pair the figure with the roof, systems, and room-condition walk before letting it argue for the deal.

Part of: Buying a Motel (https://searchspheresource.com/guides/buying-a-motel)

Source: https://searchspheresource.com/guides/buying-a-motel/terms/per-key-value
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt