I have saved up about $1m and I’m thinking of starting a hotel business. Please does a anyone have a blue print on hotel setup and management. I would like to build the hotel from the foundation, I already have a land which I can build the hotel on . What are the best ways to go about it. Also, do you guys think that hotel business is not a good business. TIA.
my brand wants to be in the sleep hotel business not hotel per say, i can use the funding, also i did find a investment opportunity a certain casino near me has talks going on about being rebuild so there is this land nearby that would be worth it, and im talking vegas and with the F1 coming to town the hotel business will be like trending.
If you have $1M in start up capital I would suggest you speak to a real estate agent and a financial advisor.
Companies that run hotels usually rent the buildings. You don’t need to own or build or hotel. You don’t have any experience so will likely fail. Why not get a job in a hotel and work your way up to manager. That’s the real way to learn.
You saved $1 million but still applied for a job at the IRS. Is that just a temp job while you wait for your $1 million hotel to be buiilt?