I notice that no one took you up on your question, and I am not sure why. Depending on where you are going in Florida, $300k can or cannot go a long way. Any particular reason you chose Florida?
Hotel/motel is an interesting choice, and not a bad one, but just one that you don’t want to get into casually. Because the onsite management is so critical to the operation actually making money, and is subject to the whims of the economy, tourist traffic, terrorists, other competitors, and every major event that comes to town, it can be a roller coaster ride.
We consult a major REIT that owns a lot of extended stay hotels, which seem to be doing fine despite the fact that I keep seeing them pop up on every corner. After I though the market was saturated, they just kept on building, and have kind of re-invented themselves into a new market for business/casualy travelers? Is this the type of op you are looking at, or more of a strip motel on the economy end?
I am in the process of selling my properties and starting over i should have $300,000.00 to invest if all goes well. My plans are to invest in hotel/Motel in florida any advise of where i should start?
Re: selling starting over, suggestions? - Posted by Lyn Swift
Posted by Lyn Swift on November 22, 2004 at 07:06:09:
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Re: selling starting over, suggestions? - Posted by Leslie Parker
Posted by Leslie Parker on November 18, 2004 at 21:16:45:
It is inconceivable that a judicious observer from another solar system
would see in our species – which has tended to be cruel, destructive,
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Viewing us as the culmination of anything is grotesque; viewing us
as a transitional species makes more sense – and gives us more hope.
Betty McCollister, “Our Transitional Species”,
Free Inquiry magazine, Vol. 8, No. 1
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