I agree with Lan on the location
First rule of real estate and location of a business is Location Location Location.
This is the first step on the road to success, a hotel in Corozal would in my opinion an extremely difficult to fill.
Corozal is in no way a touristy town other than the overland traffic from Mexico heading into Belize.
On the other note about thatch and concrete I have to say Thatch is more appealing to tourists, I can speak form experience here as I have a small hotel with all concrete roofs and huge condos, but noticed that visitors would rather stay in a thatch hut for a similar price than a concrete room or motel, thats whuy I am continuing the develpment of my resort by adding thatch beach cabanas, this way if they want a big condo thay got it if thay want a quaint thatch cabana they got it.
for the genetleman that is palnning on building the hotel in Corozal Please do your homeworks and listen to those that are in the know.
Lan knows his stuff and I have been here for more than 12 years in the tourism business
Be careful or please feel free to e-mail me or visit me at my resort for free advise on what it takes to have a chance at success in Belize.
Playa Blanca Dive & Beach Club www.playablancabelize.com