Hotel Mangement

Hotel/Condos are the newest trend in many major tourist destinations and cities. Talk about them here.

Hotel Mangement

Postby vtte on Sat Aug 16, 2008 2:37 am

Hey there,

I've always wondered - How much would it cost to run a hotel. I'm guessing it would be in the millions, not to mention the staffing and services. Could you give me some indication?
vtte
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Re: Hotel Mangement

Postby mike on Sat Aug 16, 2008 2:43 am

I am not a specialist in hotels but it would really depend on the type of hotel you are planning to open. Obviously a Four Seasons who cost a lot more to operate than a Motel 6 or a Hotel 168.
mike
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Re: Hotel Mangement

Postby vtte on Sat Aug 16, 2008 2:47 am

I'd say even a small hotel would require a tidy start-up fee. Although, hotels are based off their locations - if it's in a good spot, you may receive more customers than others of the same genre but with heavy competitors.
vtte
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Posts: 10
Joined: Sat Aug 16, 2008 2:31 am


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