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
sac michael kors, nike roshe run, scarpe hogan, new balance pas cher, hermes pas cher, mulberry, sac louis vuitton, converse pas cher, nike roshe, north face pas cher, timberland, air max, burberry pas cher, ray ban pas cher, nike air max, barbour, ralph lauren, air jordan, lacoste pas cher, michael kors canada, nike trainers, louis vuitton pas cher, louis vuitton, nike air force, tn pas cher, longchamp pas cher, sac vanessa bruno, guess pas cher, air max pas cher, nike blazer pas cher, ray ban uk, louis vuitton uk, north face, hollister, ralph lauren pas cher, vans pas cher, chaussure louboutin, longchamp, abercrombie and fitch, nike air max, hollister, michael kors uk, nike free pas cher, lululemon, oakley pas cher, nike free
ReplyDeletejuicy couture outlet, moncler, timberland shoes, pandora jewelry, baseball bats, moncler, canada goose uk, swarovski uk, thomas sabo uk, wedding dress, replica watches, parajumpers outlet, oakley, converse, pandora charms, swarovski jewelry, hollister canada, vans, canada goose, converse shoes, moncler, juicy couture outlet, supra shoes, karen millen, links of london uk, nike air max, ray ban, moncler outlet, coach outlet, montre femme, canada goose pas cher, louis vuitton canada, iphone 6 case, hollister, moncler, gucci, air max, ralph lauren, moncler, lancel, canada goose, pandora uk, ugg, hollister clothing, uggs canada, toms outlet, moncler, louboutin
ReplyDelete