Recent content by Rook217

Since I am still close to being one of the young B&B guests I would explain them being drawn to B&Bs is the dislike of chains and everything being the same. Since young people have grown up with Wal-marts, Applebees, and all the big companies dominating all areas of life we like when going on...

I live in Saint Paul so I am familiar with the area. If I was looking at staying at your place for one night or two I would want to have stuff to do that is the opposite direction of the cities for a two night stay. You may get guests that are out of state and go up to Twin Cities so then having...

The place that I am looking at purchasing currently uses Frette sheets. I stayed there a couple weeks ago and the sheets seemed nice. The place is not open right now so the maintance person/caretaker setup the beds. I don't remember the beds being wrinkled when we got there but it was after 18+...

It is 10 rooms, 2 restaurants, 2 pools, and managers house. I am going to convert one of the restaurant and dinning areas into 4 or 5 rooms.

However, it was losing money every year. It was a couple runing it for the owner and they got bonuses based on revenue not profit. The property can bring in good revenue it just needs to have good cost control. The area only has three months of slow time so if priced right and ran well revenue...

The bank is most likely going to use value of land plus building replacement cost while factoring remaining usefull life. The property is not in an area where there is anything to use for comps. The property is commercial property not traditional B&B property. The business portion of the deal...

Thanks for the link. I think I had looked at this at one time but was unable to find it again. I have used some of these already but not all of them. The one valuation method I find useless is the per room value. It seems worthless since rooms are going to have a big range on the rates that can...

I know this topic is a little old. But I am hoping someone has something to add to this. I am looking at putting in an offer in the next week on a property and having problems setting a value of the property since comps are not available.

Email me back with your phone # and I will call you if you want.

This is a good thing to mention since I am sure most people want to put their personal touch on things right away and spend alot of money on things they don't need to. I have no need to put a personal touch on whatever we decide to do just to make it feel like mine. The only changes I plan on...

Paradise I sent you an email.

I think they are a scam company or something. This is based on basic internet research and gut feeling. I don't need to worry about this for while anyways.

Has anyone had experience with eZee Technosys Pvt they offer eZee FrontDesk and eZee Burrp (POS)? I haven't gotten a quote or anything but prices shown on non-related websites show starting prices of $300 for PMS and $600 for POS plus equipment.

I guess i have been using ADR and REVPAR some what incorrectly. But the most important thing is total revenue minus variable expenses minus fixed expenses. It seems like ADR and REVPAR are not as useful when using estimated numbers. I have been using the total rate of all rooms times occupany %...

Great ideas agoodman. I have been using ADR in my estimates. REVPAR is a new formula name for me since it is hotel industry specific but revenue per available room is pretty easy to figure out. It is useful when having different rates but does it matter if you were to have the same rate for all...