Motel Business
Anybody here in the motel business?
06 June 2009, 06:42
KenscoNo, but if you travel through West Texas ask anyone named Patel.
06 June 2009, 06:49
mousegun1Patel means Howard Johnson's in hindi
06 June 2009, 07:50
GatogordoOver the years I checked into many Notel Motels, midday and otherwise but my knowledge of the actual business is nearly nil.
OTOH, one of the smarter businessman I knows owns a bunch of them and he ain't named Patel or any other Indian name either.
I am in the due diligence phase of buying one and just thought I would ask for any pointers.
20 June 2009, 03:32
PalmerI owned / ran one for about 3 years...bailed out just before it broke me - guess I wasnt smart enough to make a profit in it.
Dont believe everything in the previous owners books.
By the way, how do you like doing laundry, maintenance, night shift when the night shift employees dont show up, maids work when they dont show up, firing desk clerks who steal from you, listening to guests complaining about the people in the room next door .....
22 June 2009, 16:39
69deerI own a resort, not a motel. Sorry, Cannot help you out much, other than hard times have hit most consumers and that trickles down to less travel. Not a good time to be buying. Get a good tax accountant first! Jeff