How much does it cost to set up a Hotel?

[Starmix]

To set up a hotel business, you need millions capital. The hotel building alone the source means money. There are also stuffs to buy for hotel needs, TV each room, beddings, maintenance,lightings, air conditionings and many more. I can't afford to set up a hotel no matter how good it is.

 

[Springtime]

That depends on the size and location of your hotel. In any case, this business requires a huge amount of capital investment. Other than initial start up cost, maintenance cost is also substantial.

 

[cherry123]

Yeah to have customers flocking to your hotel you should have put all necessary things in place it will help you attract the kind of people you want to see in your hotel

 

[Reedex]

The amount that is needed to build a very wonderful hotel will depend on the size of the hotel you want to construct.

 

[Niyi Briggs]

This is an investment that runs into millions. You have to build and finish it up to taste, and buy facilities. But it is highly profitable.

 

[SHAHID987]

In my city if we plan to start a hotel then we required at least 1 million $. With good planing and by hiring educated staff we can earn much more.

 

[Heatman]

Having a Hotel is always my dream and through it, we can make a lot of money but it requires a lot of money too. If I can somehow manage land, How much capital would I require to start a Hotel?


How much does it cost to set up a Hotel?

Starting up a hotel business is something that is capital intensive and everything depends on the level you want to start because it is going to cost a different budget to start a 5-star hotel unlike if you want to start a 2 star hotel.

 

[IB D]

It depends on the location of the hotel and the type of hotel you want to set up. A two star hotel is reasonably cheaper to start than a 5 star hotel.

 

[Hate2Wait]

Its not easy to set up a hotel business and it will be better if you have some sort of experience in this field and then you need to plan about what type of hotel you want, 3 Star, 5 Star or 7 Star.

 

[aovurevu]

Having a Hotel is always my dream and through it, we can make a lot of money but it requires a lot of money too. If I can somehow manage land, How much capital would I require to start a Hotel?


How much does it cost to set up a Hotel?

It actually requires a huge amount of money to start up a hotel especially when you want it big to be able to cater for a large number of people and you also want it to be well rested, but then you enjoy the benefits in the long , it actually need lot of capital .

 

[Hate2Wait]

Setting up a hotel does requires a lot of money and I always feel if you have some experience then it will be the best for you and you will face lesser hurdles

 

[Etini Willie]

If one is renting a pre existing hotel building, it can cost up to $4000. If not, it should be around $20,000.

 

[Starmix]

You can just set up a hotel anytime you like. You need building permit from the city engineers, your blueprint , manpower, materials and capital.

 

[Ratine]

House rents cost very high herd in my country. So a person would need like $10000 to set up one.

 

[Fidelia]

Owning a hotel is one big and tall dream. You would have to understand that you would need to buy a land before you think of building a hotel. That should be a business in the region of $15,000.

 

[nomad]

It depends on the kind of hotel you want to set up. If you are trying to set up a budget hotel, it might not cost much but a luxury hotel might cost you hundreds of thousands dollars