Grand Hotels, Grand Designs


We all enjoy the decadence and indulgence of a five-star hotel. Crisp linen sheets, stunning decor and hospitality service to die for: everybody enjoys a good pampering. However, for those looking to invest in the hotel sector, there are crucial factors that need to be considered in order to approach investments properly. Beyond the silver service and complimentary chocolates, there is more to high-end hotel management than meets the eye.



Beauty is in the eye of the beholder Nothing rings truer than when one stresses the importance of location. In order to constantly attract a certain 'clientele' and develop a five-star reputation, the hotel must find a nice balance between being in an accessible location and being situated in a specialist place to create the illusion of being a faraway retreat to which customers can escape to. Naturally, hotels need to be strategically situated near shops, airports and local attractions, but nobody wants to sit in their stunning hotel room, having the vision of an urban jungle outside their window. However, if you are planning to buy a property that is a bit further out, ensure that you offer a shuttle service for customers coming from airports and train stations.

Location choice can be tricky, so it is wise to always do your research online beforehand. Great websites such as PropertySales are at your disposal when choosing appropriate locations. Once your customers get there, it is important that vivid designs and captivating decor keeps them satisfied. First impressions are everything, of course. This not only includes how clean the rooms and corridors are, but by developing a relaxing reception area for customers to relax in, striking wallpaper designs to create a soothing ambience, and a large variety of statues and plants to fill up the space well. All of these little touches will contribute towards a wider 'image'. It is this concept or theme that will not only make your venue stand out from the others, but will ensure that your property will attract potential future buyers.


The logistics of it all Other practical additions to consider are the hotel facilities. In a modern digital world, this includes high-speed Wi-Fi, faxing services at the front desk, cable television, and highly trained hospitality staff. Therefore, when looking at the decor and amenities of a property, you carefully need to investigate into the site's current condition. Ask yourself: How much do I need to invest, beyond just the basic property value, to get this site into a five-star venue? If potential revenues are not going to equate or exceed this figure, you may want to reconsider the buy. A good way to figure this out is to look at similar sites in the area and reasonably estimate if the property will be a worthy investment. Sadly, there is no magic formula about the hotel sector. However, a rule to remember is that the service offered must always go above and beyond the image trying to be sold, if you truly want to be considered at the high end of the market.

27 Comments

  1. i am one of those who definitely do not want an urban jungle in my hotel's room view, these are great tips for those planning to invest in hotels

    ReplyDelete
    Replies
    1. I don't blame you! Hotels are for relaxation and rest, it is more pleasant to see a nice soothing view during during the stay. :-)

      Delete
  2. So true! Whenever I check for hotels now, I look for free Wi-Fi. We are in the decade of staying connected wherever we go, so it is so important for hotels to consider the technology to accommodate their guests.

    ReplyDelete
  3. 5-star hotels are only in my dreams!! :) It's on a bucket list though. ;)

    ReplyDelete
    Replies
    1. Dreams do come true. Owning one is much better too!

      Delete
  4. I love to be in 5 star hotels. They give me such a great feeling of luxury!

    ReplyDelete
    Replies
    1. 5 star hotels are like having your own maids, it is really awesome.

      Delete
  5. The last time we had a family trip the kids enjoyed the pool and wifi :) while the hubby and I loved the soft bed and pillows. It would be awesome to stay in a 5-star hotel one sweet day :)

    ReplyDelete
    Replies
    1. Yes. Wifi is a must. I suffered through my Thailand trip with very limited wifi.

      Delete
  6. I have never stayed in a 5-star hotel, but I do understand that location plays into one of the reasons why this sort of hotel is out of my budget. I guess someone who would invest in such a venture must already be wealthy to begin with since property along is very expensive. I cannot begin to imagine what it must be like to have that kind of money to do something like this. Nice pointers for those who can do this, though!

    ReplyDelete
    Replies
    1. Some people save and save and only invest. I am frugal with my money on everything else, but when it comes to investments, I spring a lot more. :-) It can happen to even poor people...:-)

      Delete
  7. Just like with any real estate, LOCATION, LOCATION, LOCATION! :) I love staying in nice hotels.

    ReplyDelete
    Replies
    1. You can say that again! It is about the location first and far most!

      Delete
  8. I stayed in a 4-Star hotel a couple of times as an Amway Distributor at organization functions. All had awesome views and amenities.

    ReplyDelete
    Replies
    1. Yes. There is quite a difference with 3 and 4 stars...5 star is even better with a lot more luxury that we all deserve. x-)

      Delete
  9. When I hit the lottery, I will definitely stay at a 5 star hotel LOL :)

    ReplyDelete
    Replies
    1. It is quite expensive to stay in a 5 star hotel, but you can maybe own one.

      Delete
  10. A good hotel is worth looking for. Sometimes its' really nice to splurge on a nice visit.

    ReplyDelete
    Replies
    1. I agree. When you travel, it is supposed to be nice too. Since I am into real estate, I always want to own everywhere I go. :-)

      Delete
  11. It's hard finding a really good hotel. Things we look for: Breakfast, and an indoor pool. Those two things are so nice with kids.

    ReplyDelete
    Replies
    1. I agree, breakfast is important, and so is the pool. That is all the kids want...food and play. :-)

      Delete
  12. I check out a lot of things before I book a hotel, by checking for real visitor reviews, not the ones on the company website. I also check for “fine” pools as my friends and I have rated them, and for the benefits that my family requires in a hotel to be satisfied. When those requirements are met, then it’s a good hotel for us.

    ReplyDelete
    Replies
    1. Sounds like a plan! I will be sure to try that out on my next vacation. :-)

      Delete
  13. I can't remember being in a hotel.
    Usually just a quick night in a motel while traveling long distances.

    ReplyDelete
  14. That hotel is amazing with the beautiful roof-top (is it?) I can see a lot of tall buildings in the background! Wow, where is that place?

    ReplyDelete

Have a thought? Please leave a comment here, and I will return as soon as possible. Thanks - If you have a minute, why not check-out the sibbling of Self Sagacity.com Blogger Broadcast. Extra Links = Spam = Delete.