The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

I would like to build a motel about 40 rooms.Not a franchise. how much minimum it could cost me.

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (4)
No User Photo

Hello,

Are you tired of seeking loans and Mortgages,have you been turned down
constantly By your banks and other financial institutions,We offer any form
of loan to individuals and corporate bodies at low interest rate of
2%.If you are

interested in taking a loan,feel free to contact us today,we promise
to offer you the

best services ever.Just give us a try, because a trial will convince
you. What are your

Financial needs?

Do you need a business loan?
Do you need a personal loan?
Do you want to buy a car?
Do you want to refinance?
Do you need a loan to invest?
Do you need a mortgage loan?

Do you need a huge capital to start off your business proposal or
expansion? Have

you lost hope and you think there is no way out, and your financial
burdens still

persists?

Please do not hesitate to contact us for possible business co-operation

Contact us via email: (adamsrubenloanfirm01@gmail.com)

Adams Ruben

Sep 24, 2016
Phil Morgan
Positive Revolution
Developer
San Diego County, CA

depends where

Apr 29, 2013
William A. Price
www.growthlaw.com
Business Lawyer
DuPage County, IL

The Dodge Construction Cost Statistics is the standard reference in the Chicago area for developers, architects, and others interested in possible project costs. You can and should use a good architect and general contractor to help estimate and manage costs.

Your question is not, however, the right one, since cost minimization is a lot less important in realizing return on your equity investment than the following:

-- Local bank or other specialized lender availability in the proposed motel site area and nationally for the type of property you propose to build;

-- Minimum capitalization requirements to qualify for construction and then for working capital loans to build and operate the facility;

-- Market needs for particular types of hospitality properties, and a clear niche (with sustainable competitive advantage, such as Interstate highway visibility, or historic property use, or local economic development and tourism entities records of and promises for marketing support) for the proposed property type and site. If your target area would support a luxury property better (and with higher margins) than a dump, you don't want to build a dump, even if it would be cheaper per square foot.

Hope this helps,

Bill Price
wprice@growthlaw.com

Mar 26, 2013
No User Photo
The BAF Group LLC
MD

Developing or building a non-franchised motel is extremely difficult. Generally speaking, you will probably need 25% to 30% down. You will need to show that you have a huge amount of experience and expertise, in building such a business. Lenders are still very timid about motels, generally; one of the only things that gives them the incentive to back such businesses is the franchise.

Jan 14, 2013

Start a Discussion