Harlequin wrote:
Yeah, hotels make very little money in the beginning, unless they are in a high profit area, like Miami or Hawaii, because everyone wants a hotel!!! But anywhere else, you'd be losing money like it were on fire.
Not nesicarily.
See, the key to making good money with a hotel is not nescicarily location as in like, cities; but its all about location as in what surrounds it.
EX 1. The Peabody (Example that ive used six hundred n fitty times before), Here in Memphis, there is the Peabody. Very nice hotel, In the heart of downtown Memphis, which is a city like home anyways, more like a replica. This hotel, is walking distance away from Beale Street, (Which is like New Orleans's Bourban Street) Hueys, The Rendevous, A million bars and things. Boom. Perfect Enviornment, The Hotel itself has an unbelievable good enviornment. Its clean, has a freindly ass staff, has the coolest valet guys youve ever seen, and the rooms are like, perfect. In addition to all of that, Its connected to a Mini-Mall, owned by Peabody themselves, called the Peabody Place, Which contains a lot of stores, AND a bar and game room called Jillians (HUGE!!!). And the Rendevous is in an alleyway, in a basement, but people eat there because the food is great (Its a BBQ place), and the waiters and people like that are so friendly becasue they love their job.
Hotel + Location + Cool City = $$,$$$,$$$,$$$
Of course they're rich, becasue they put a hotel where veryone wants to be, and freindly service witha smile and people that you can actually converse with, and that makes them money.
They can even prove it, because they have a $51,000 Lincoln Town Car, for their beloved ducks. Yes, ducks; dont get me started on that..