Posted by Doris - Va. on January 26, 1999 at 17:17:24:
Motel “cabins” reminds me of going up to the White Mts. in New Hampshire and seeing dozens of cabin groups. They were like cute dollhouses and I think the owners vied with each other in the designs and colors of their units as well as the beautiful landscaping. I think some of these places are still going strong altho many have given way to regular motels. If you can catch the public’s eye - I would think that many people would love to stay in a little “cabin” just like in the old days.
I would suggest cashing in on the nostalgia angle if you can.
Posted by BILL TAYLOR on January 26, 1999 at 16:54:03:
I’ve owned a small motel for about 4 years. It has done alright but I think it has much more potential. Anyone have any ideas for this property that I may not have thought of. I have even thought about an assisted living property but not sure of the pro’s and cons.
I have done some business analysis on recreation facilities such as a Colorado Ski Resourt. My team of students have put together a few pages in reference to such a resourt. The info my help, it comes form experts in Management, Marketing, Computer Info Systems, Accounting, and myself RE and Finance…
I’ve seen smaller (less units) converted to efficiency apts. Perhaps you could charge a weekly rent like a rooming house. Are you in an area where people may choose to live in your motel?