The main idea: leasing the original property renovation for hotel operations, a simple estimate of the investment income is as follows:

(a) Project operating income

In Wenchang Road along the middle, the newly renovated hotels are generally priced at 160 to 180 yuan / room . Day, we tentatively based on 150 yuan / room . Day calculations, temporarily calculated in accordance with the 160 rooms, the actual can be renovated more rooms, daily income of 150 * 160 = 24,000 yuan, a year for 24,000 * 365 = 8,760,000 yuan, the average occupancy rate of Yangzhou hotels in about 70%, our occupancy rate is temporarily estimated in accordance with the 60%, the annual income from guest rooms should be 876 * 60% = 5,250,000 yuan, we are temporarily estimated at 5 million yuan. 5 million yuan estimate, food and beverage revenue is not included in the revenue for the time being.

(2) operating costs

1, rent At present, we are in accordance with the 3,000 yuan selling price of rent, then 9,000 square meters, the total selling price of 27 million yuan, according to the 5% return on the calculation of the rent should be 1.35 million yuan per year, on the current market situation, the rent should be in the 1 million yuan per year.

2, decoration and depreciation Decoration we invested in accordance with 30,000 yuan per room, 160 rooms, total decoration needs about 4.8 million yuan, temporarily estimated at 5 million yuan, we follow the average depreciation of 5 years, then the annual cost of decoration 1 million yuan. Decoration costs include room decoration, lobby decoration, exterior facade decoration.　

3, operating costs According to experience, the hotel operating costs should generally be in the income of about 35% of the operating costs mainly include staff wages, utilities, consumable hotel supplies. Then our daily operating costs per year for 500 * 35% = 1.75 million yuan.　

(3) revenue analysis

We invested in the first period, renovation 5 million yuan, the first year's rent of 1 million yuan, a total investment of 6 million yuan, the next five years of the annual revenue of 500 (income) - 100 (rent) - 100 (decoration depreciation) - 175 (operating costs) = 1.25 million yuan. From the 6th year onwards, the depreciation of the decoration is over, and the annual income is 2.25 million yuan.　

Program 2, buyout

The main idea: a buyout, renovation and sale of property rights, the hotel operating company unified operation, return to the owner of a certain amount of rental returns, equivalent to the operating company leasing the owner of the property business. (Due to the relationship between the page, for the operation, return, the specific operation will not repeat)

(a) operating costs

(1) property investment: at present, we are in accordance with the 3,000 yuan selling price calculation, then 9,000 square meters, the total selling price of about 27 million yuan.　

(2) decoration investment: decoration we put in according to 30,000 yuan per room, the current 160 rooms, the total decoration needs about 4.8 million yuan, tentatively estimated at 5 million yuan.　

(2) operating income

Fully decorated hotels for sale, unified management, the current hotel selling price of 5,000 square meters per square meter, 7,000 square meters all sold, a total income of 35 million yuan. Catering for operation, not for sale.　

(C) revenue analysis

If the operation goes smoothly, the project will take half a year from the beginning of the renovation to the end of the sales cycle. We have accumulated a total investment of 2700 (house price) + 500 (decoration) = 32 million yuan, the total income of 35 million yuan, the remaining 2,000 square meters of food and beverage, food and beverage one and two floors in accordance with the 5,000 yuan/square meter estimate, the net assets of 10 million yuan. Project decoration investment of 5 million yuan, must be invested, the property room payment can be paid in installments, can also consider splitting the loan. The actual need to invest in rolling capital of about 15 million yuan can operate.