Would like some info on hotel/motel ownership and/or management.?

books or info about best way to buy motel/hotel how to run one, etc.Would like some info on hotel/motel ownership and/or management.?
Hi. My career is running hotels and thought I might be able to help.





I could recount many horror stories of people who have blindly purchased a hotel and who are now flat broke. Everybody sees the money coming in but do not realize how much money it takes to effectively operate a hotel.





There are some textbooks out there who can shed some light on operating a hotel, but you cannot fully appreciate the complexities of doing so without direct experience. Ergo, rather than trying to read about it, is it possible for you to intern at a local hotel? Or, better yet, is it possible to work at a local hotel?





You obviously have some interest in purchasing a hotel property. I urge you to proceed with extreme caution and consult a hospitality specialist before buying a hotel.





As you know, hotels come in all shapes and sizes and offer a wide plethora of services. Some are resorts catering to those looking for escape. Some are downtown hotels catering to business travellers. Some are suburban, etc etc. You have seen hotels that have restaurants, waterslides, pools, spas, recreational facilities, large tvs, small tv's, etc etc.





Hotels are a lot,,,and I stress A LOT of work, continuously finding better ways to serve guests, constantly recruiting and training staff to represent you in a way you expect, and, competing on a level that delivers solid financial performance. Be prepared for long hours, sleepless nights, hard work, crabby guests, pipe bursts, vandalism, etc.





Sounds crappy huh? Well, there is also the fabulous side of the business too. Meeting guests from all over the world, that great feeling you get when a guest identifies and responds to you going above and beyond on their behalf, the potential financial rewards, and what an ego boost to say you own a hotel !!! These are but a few of the fantastic things about this business.





I don't know where you live or where you are thinking of buying or building a hotel, but at the end of the day, if you are well financed, and you clearly identify and market to your guest demographic, you will eventually reap the rewards if you treat each and every guest like the gold he is each and every day.





Good luck with your enterprise. If you need any help contact me on email at curtis@sagmeister.ca