Any of your friends run a hotel? Is it a good business? - GoFuckYourself.com

DarkJedi · 07-10-2005, 02:03 AM

Does it have a better ROI than just an apartment building?

Relish XXX · 07-10-2005, 02:07 AM

If you want to make money in that feild buy out appartments that are used as short stay places. I dont know if you have them in the US. Do a search on google for Nell Gywn House, Sloane Avenue. All the hookers use these and pay £150 per day. The mortgage repayments would be £900 per month on a 100% over 20 years mortgage.

beemk · 07-10-2005, 02:07 AM

probably if you know what you're doing, but its a whole different business and lots and lots more work.

WarChild · 07-10-2005, 02:08 AM

Do you mean like a vacation destination hotel or like a slum-landlord-projects hotel?

DarkJedi · 07-10-2005, 02:10 AM

Quote:

Originally Posted by WarChild

Do you mean like a vacation destination hotel or like a slum-landlord-projects hotel?

Small vacation destination hotel vs. Landlord appartment building.

WarChild · 07-10-2005, 02:12 AM

Quote:

Originally Posted by DarkJedi

Small vacation destination hotel vs. Landlord appartment building.

Well I spent two years researching and writing a business plan for a small vacation destination hotel in Costa Rica. I could probably answer some specific questions, but I've never been an apartment landlord so I couldn't tell you the real differences.

Webby · 07-10-2005, 02:12 AM

Quote:

Originally Posted by DarkJedi

Does it have a better ROI than just an apartment building?

Hotels are not about hotels - they are real estate :-) Accomodation is OK, but food is a pain in the ass.

Buy a few fields on the edge of any city - plenty space to keep competition miles away and build a hotel. That covers all costs of the land which just increases in value and also makes a profit if ya work at it.

Then you do a "webmaster" and repeat the operation :-) I have a friend who does exactly that and with two brothers, now own over 350-400 international hotels - but the real estate value is more than God ever heard of and they don't owe any banks a dime.

edgeprod · 07-10-2005, 03:01 AM

just flip condos, etc.

07-10-2005, 02:03 AM	#1
DarkJedi No Refunds Issued. Industry Role: Join Date: Feb 2001 Location: GFY Posts: 28,300	Any of your friends run a hotel? Is it a good business? Does it have a better ROI than just an apartment building?

07-10-2005, 02:07 AM	#2
Relish XXX Confirmed User Join Date: Dec 2004 Location: www.adultlabel.com Posts: 4,904	If you want to make money in that feild buy out appartments that are used as short stay places. I dont know if you have them in the US. Do a search on google for Nell Gywn House, Sloane Avenue. All the hookers use these and pay £150 per day. The mortgage repayments would be £900 per month on a 100% over 20 years mortgage. __________________

07-10-2005, 02:07 AM	#3
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	probably if you know what you're doing, but its a whole different business and lots and lots more work. __________________ I host with Vacares

07-10-2005, 02:08 AM	#4
WarChild Let slip the dogs of war. Industry Role: Join Date: Jan 2003 Location: Bermuda Posts: 17,263	Do you mean like a vacation destination hotel or like a slum-landlord-projects hotel? __________________ .

07-10-2005, 03:01 AM	#8
edgeprod Permanently Gone Industry Role: Join Date: Mar 2004 Posts: 10,019	just flip condos, etc.