Help! Hotel Business Advice Needed - Business - Nairaland
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| Help! Hotel Business Advice Needed by thebay512: 4:45pm On Nov 07, 2012 |
My Dear Nlndrs: A family member abroad has approached me with a proposed investment to build an hotel in Nigeria. We propose to build a boutique hotel of at least 35 rooms. Our proposed budget is N150m whill will include the land (1500m2 to 2500m2), and the Hotel (about 35 rooms + event hall, conference room and gym). My humble questions are; 1. Between Lagos(Lekki Axis), Owerri, Enugu, PH and Uyo, which do you think is more strategic and feasible given our budget N150m, and market demand? 2. Do you think our budget N150m is adequate? 3. Do you think it's a good idea to include a night club in the hotel? I'll also very much appreciate anyother advice you can offer apart from my questions. Thank you all and God bless! |
| Re: Help! Hotel Business Advice Needed by meetagape(m): 9:30pm On Nov 07, 2012 |
My advice is to buy rather than build. There are lots of new, existing and uncompleted hotels everywhere for sale. I may be of help. I used to manage a hotel. 07032117108. |
| Re: Help! Hotel Business Advice Needed by thebay512: 10:56pm On Nov 07, 2012 |
meetagape: My advice is to buy rather than build. There are lots of new, existing and uncompleted hotels everywhere for sale. Thanks for your advice. However, buying an existing hotel is not something we would consider under any circumstance. |
| Re: Help! Hotel Business Advice Needed by instaforexngr(m): 11:44pm On Nov 07, 2012 |
i would also advise you look for an hotel in an strategic environment to buy. you would spend more than that if you intend building a new hotel. |
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