The investment algorithm for a guest room is not as simple as two beds a TV and an air conditioner. Many properties have transfer fees, as well as renovation of the public **** space, franchise fees management fees and so on.

According to my understanding of the industry, now open a seven-day hotel, a single room investment should not be less than 50,000, in the center of the city should be higher. One of the basic requirements for running this branded hotel chain is that the number of rooms should not be too low. In second-tier cities and above, I estimate that less than 100 rooms, do down should not have much money to earn. Because of this formal business enterprises, whether from labor costs, etc., the operating costs are relatively high, which also determines that it can only open large stores.

Five million from it, join a seven days or equivalent brand hotel chain.

As for the upstairs saying that you don't want to stay there if you have stayed there once, this is a question of customer base. Just because you don't live there doesn't mean that others won't, or that you're more demanding than others. Overall, if you have the money, a hotel chain is still a sound investment. If there is a ten-year contract, about three years back to the capital, a full contract period down, the return is about twice as much.