Business Plan Of Hotel

A good business plan for your hotel also clearly communicates your target market, which are the types of customers who will stay at your hotel most often.

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Sophisticated business planning helps management answer questions, such as: What will be our record of achievement? Are we setting realistic and attainable goals and objectives?

Constructive and useful business planning requires a broad-based understanding of changes taking place in the marketplace in which the company competes, or plans to compete, and the ever-changing financial markets.

Then, list each hotel that competes with you for business in your local area.

Include each of their strengths, weaknesses, occupancy rates and market share.

The facility has a large main lobby area, indoor pool/Jacuzzi/sauna, lighted tennis court, 2-car garage, storage shed, ample parking, and all equipment necessary for operation of the motel.

The separate onsite manager residence and meeting room complex will serve as a future lounge/grill space. The motel is located in the motel district of Benzie County and is situated on 9.43 beautifully landscaped, wooded acres. This plan successfully raised capital for property acquisition, renovation, and company start-up related costs. Discussions and interviews were held with a variety of individuals involved with other similar businesses to develop the proforma data, review the market potential, and competitive situation.Moderately priced between the high-line hotel properties and the older motel strips, Seven Elms Resort shall fill an affordability niche not presently available in Benzie County. Seven Elms Resort shall specialize in meeting an individual or couple's needs.Of the 18 rooms, 3 are executive suites, with Jacuzzi tubs, and one of them will be converted to an onsite manager's apartment.Each room has individual climate control, direct-dial phones, and televisions.Revenue projections are based on the number of rooms you will have, price per room and your expected occupancy rate.The Seven Elms Resort outlines how it will provide quality hospitality services, cost-effectively, in a popular northern U. We seek funds for the acquisition and renovation of Seven Elms Resort, an adult-marketed, 17-room "boutique style" hotel specializing in a couples' "getaway" to provide relaxation and recreation in Benzie County, a popular tourism spot located next to the state of Michigan's Lake Michigan. Renovation in the Prairie Style period, our hotel's design elements and furniture will reflect this "organic" approach and provide an overall comfortable experience.For example, one segment you might target is middle-aged men who travel for business.Another may be young couples who are looking for honeymoon destinations.In-depth technical skills in a variety of disciplines such as financial analysis, sales and marketing, latest technology, and managing growth are critical components in assessing a company's opportunities and risks. has developed this disciplined planning methodology to help the company anticipate its start-up costs and other critical information to arrive at this realistic plan. Blackburn has sought legal assistance and advisors to develop the Seven Elms Resort concept. is the creation of and funding of an adult couples' 17-room hotel, specializing in a "getaway" atmosphere to provide relaxation and recreation in the Greater Benzie County/Lake Michigan area.Steve will maintain an active management involvement in every aspect of daily resort operations. Management is soliciting commercial finance partners who share its vision and desire to participate in this exciting business opportunity in the resort community of Benzie County, Michigan.

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