Hello,
My name is Shane Carman. For the last three years, I have been working to open a sixty room, limited service hotel where 50% of the net profit is donated to youth charities. Due to the extraordinary start up costs (7 million dollars), a consultant has suggested I launch a B&B, use the funds generated to open a small boutique hotel, and use the funds from the boutique hotel to open the original hotel I envision. While I like his plan, I seem to find so much negativity towards operating an inn. I understand it is long, hard work that never ends. I was hoping someone could tell me, what are some good reasons to operate an inn? I have heard from many that you do not own an inn for the money. Is it possible to do well?
Thank you for your time,
Shane Carman
My name is Shane Carman. For the last three years, I have been working to open a sixty room, limited service hotel where 50% of the net profit is donated to youth charities. Due to the extraordinary start up costs (7 million dollars), a consultant has suggested I launch a B&B, use the funds generated to open a small boutique hotel, and use the funds from the boutique hotel to open the original hotel I envision. While I like his plan, I seem to find so much negativity towards operating an inn. I understand it is long, hard work that never ends. I was hoping someone could tell me, what are some good reasons to operate an inn? I have heard from many that you do not own an inn for the money. Is it possible to do well?
Thank you for your time,
Shane Carman