How to Buy and Manage Your Own Hotel
eBook - PDF

How to Buy and Manage Your Own Hotel

  1. 256 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

How to Buy and Manage Your Own Hotel

About this book

* User friendly, practical and informative - written by industry experts; * Provides a clear toolkit and action plan for those looking to make the leap into ownership - from getting the finance in place to successfully marketing and staffing the business;* Case study examples with practical advice from industry experts who have done it' themselves. Hotel keeping is an arduous profession. It needs technical, managerial, marketing and economic expertise; what's more, it demands total commitment. This book provides the complete purchasing toolkit. It removes all the complications and mystique and guides readers around the pitfalls of ownership, saving much heartache and expense. 'How to Buy and Manage Your Own Hotel' takes readers step by step from the time of their initial interest in buying a hotel to the day they take over – and beyond. Complete with sound bites and advice from industry experts who have first-hand experience of ownership, it unravels the purchase process - and much, much more: * Why location is key – and how to use the business agent to maximum effect;* What type of hotel to buy – and where; why franchising is so important;* Raising the finance and the critical importance of understanding the accounts;* Why good marketing will dictate your success - and how to take advantage of social media;* How to lead, motivate and communicate with your staff – your biggest challenge!

Frequently asked questions

Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn more here.
Perlego offers two plans: Essential and Complete
  • Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
  • Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Both plans are available with monthly, semester, or annual billing cycles.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access How to Buy and Manage Your Own Hotel by Miles Quest,Peter Nannestad in PDF and/or ePUB format, as well as other popular books in Business & Hospitality, Travel & Tourism Industry. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. 1 Hospitality – what’s it all about?
  2. 2 Some basic facts
  3. 3 Franchising and branding: where the challenge lies
  4. 4 What kind of hotel will suit me best?
  5. 5 Location, location and location
  6. 6 Using the business agent
  7. 7 Is the business sound?
  8. 8 The importance of occupancy – and interpreting the accounts
  9. 9 Is the purchase feasible?
  10. 10 Raising the finance
  11. 11 Finding a good lawyer and some legal points
  12. 12 Taking over
  13. 13 Budgeting
  14. 14 Sole trader or limited company - and some legal points
  15. 15 Starting from scratch - some thoughts on conversion
  16. 16 Building up the business
  17. 17 Boosting your sales
  18. 18 Harnessing social media to your business
  19. 19 What to do about the restaurant?
  20. 20 You and your staff
  21. 21 Keeping up the investment
  22. 22 What of the future?
  23. _GoBack
  24. _GoBack
  25. _GoBack
  26. _GoBack
  27. _GoBack
  28. _GoBack
  29. _GoBack
  30. _GoBack
  31. _GoBack
  32. _GoBack
  33. _GoBack
  34. _GoBack
  35. _GoBack
  36. _GoBack
  37. _GoBack
  38. _GoBack