Originally Posted by
ZeRo_c0oL@work
Well there is definitely no comparison between a hotel in Roanoke, and a hotel in Myrtle Beach.. but they actually still get quite a bit of business. Not only are there a lot of other events in Roanoke (lots of shit that we never even hear about), but there are also a lot of people passing through on their way somewhere better. Opening a hotel would be all about location, but I think it could be successful just about anywhere. Like I said, you don't have to do anything except open the doors, basically.
I know at the beach, a small empty lot sold for 5 million bucks! Just an empty lot on the oceanfront!!! But if you really sit down and think about it, lets say that lot was 5 million.. and it cost another 3 million (I have no idea!) to build the hotel itself; You've spent 8 million dollars. In the scenario I gave you earlier, they have the capability of making $400,000 in less than a week during peak season. It might take a two or three summers to be in the green, but you're looking at a lot of profit in the long run.
this is wrong. your not going to make 400k everyweek. buildings are more than 3 mill your talking more 20-30 mil. and a hell of alot of upkeep costs. a commpressor for a rooftop unit alone will set you back 20-30K to get repaired. look into it and you will see what i mean.
on another note heres my advice, Starting a business on the basis of making money is not enough motivation.