Tuesday, December 04, 2012

Paying Off


These two California businesswomen  have brokered a shrewd business deal. You would have to have vision to see the big picture here. It doesn' t seem like such a wise investment right  now. This is called gentrification. They bought a 38 yr. old, 196 room full service hotel for $1.25  million. Paying less than 5% of this buildings  repaired value. With a 10% occupancy rate, and on-site owner management . They're already making money. No one is going to watch your investment like you will. That's a given.

The main problem I foresee with this venture is security. Management has a lot to do with that. Your employees can put you out of business. If  word gets around you don't want a certain clientele just because they're spending money. They won't frequent the establishment. A police precinct being less  than a block away and your other neighbors being auto dealerships. The immediate area is safe.

The restaurant is the key to this sale. If they can prepare food good enough where the guest never have to leave the premises. Maybe even a bar and grill. For someone who wants to get in this business. This could be a real nice living. I know most people don't remember the little lady in midtown buying apartment buildings..But she capitalized on what others investors overlooked. Look at Midtown now. It's paying off.

http://www.commercialappeal.com/news/2012/dec/03/california-businesswomen-buy-38-year-old-memphis/?partner=popular

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