Hotel Mangement

[vtte]

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?

[mike]

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.

[vtte]

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.