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#347138 - 08/04/09 08:15 PM thinking of opening a small botique hotel
jane&john Offline
Where would you recomend that we do it? We would also like to open a restaurant along side of it. We're thinking 10 rooms for the hotel and a 40 seat rest/bar Any info would be greatly appreciated

Tks

Jane and John


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#347157 - 08/04/09 11:35 PM Re: thinking of opening a small botique hotel [Re: jane&john]
deadserious Offline
I would think it would be a smarter path to start by purchasing one that is already for sale. You have the advantage of an established clientèle and brand plus an understanding of the past occupancy records.
_________________________
Now back to your regularly scheduled drivel...

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#347158 - 08/04/09 11:37 PM Re: thinking of opening a small botique hotel [Re: jane&john]
Cooper Offline
Oh my...have you talked to the hotel and bar owners here,,things are not good..with the overbuilding of rooms and more going up..room count has about doubled in the last 2 yrs.tourist count has not,.and most bars are empty,,at this time I would really do some research.....just a handful of places are breaking even right now.
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LONELY PLANET SAYS TOURIST LOVE OUR ART. BEST PRICES ON ART.
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#347177 - 08/05/09 01:29 AM Re: thinking of opening a small botique hotel [Re: Cooper]
Nate Offline
Most new buisnesses in Belize fail. Many because they ignored The Cardinal Rule of "moving to Belize". That rule is "Live here for at least one year before investing a nickel".

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#347193 - 08/05/09 03:08 AM Re: thinking of opening a small botique hotel [Re: Nate]
Texican Offline
Mind you, a Botique hotel must have the requisite SPA

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#347200 - 08/05/09 05:05 AM Re: thinking of opening a small botique hotel [Re: Texican]
beachbumin Offline
Twas the best of times, twas the worst of times.....depends on who you are, who you are related to and how good is your crystal ball (how big is your bank account) Read and reread, Don't Stop the Carnival. It ain't easy, but it is memorable. Enjoy.

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#347203 - 08/05/09 01:30 PM Re: thinking of opening a small botique hotel [Re: Texican]
jane&john Offline
SPA?

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#347204 - 08/05/09 01:31 PM Re: thinking of opening a small botique hotel [Re: Cooper]
jane&john Offline
Thats why i'm here to hear the pros and cons

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#347206 - 08/05/09 01:38 PM Re: thinking of opening a small botique hotel [Re: jane&john]
jane&john Offline
i know that it is not a good time to start this kind of venture. All tourism world wide is down. But i think as the resession end Belize will become a HOT spot for toursim. It is a majical place

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#347207 - 08/05/09 01:54 PM Re: thinking of opening a small botique hotel [Re: jane&john]
Cooper Offline
Very true...if you have the financing to get her done and sustain yourself for several years..it is a magical place to be. On the other hand if you have that kind of money perhaps you should sit back and enjoy the place for a year first..seems the longer you are here the more doors open up. From long term rentals to land for sale..
_________________________
LONELY PLANET SAYS TOURIST LOVE OUR ART. BEST PRICES ON ART.
http://debbiecooper.artspan.com/

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