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Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Nobody: 10:09am On Aug 08, 2017 |
Please this is for serious minded people especially gentlemen and ladies of investment and business sections. A friend recently built a hotel in Awka, Anambra State and he's advising me to follow suit but I'm sceptical about hotel business so I'm considering two options. One is to build some blocks of University hostel in a city with high concentration of undergraduates like Awka and Enugu since I already have acquired a reasonable number of lands in Awka, Asaba and recently Enugu. The other option is since this is about having something at home, I can fix a reasonable deposit in a bank like first Bank or UBA which will be accruing interest every three months. I'm scared of going into business because of past experiences and besides that, I'm not good in business. All I have been doing is buying lands and keeping the rest of my money in bank, please I need some help. 7 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by swiz123(m): 10:26am On Aug 08, 2017 |
Hotels might guarantee greater income but the risks are there. But university hostels in a city like awka guarantees reasonable income with less risks. The last time I checked,hostels near to the school pay 130k for one room self con. 40 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by kometpuvo(m): 10:41am On Aug 08, 2017 |
My one cent. Build student hostel and put reliable people to help manage the property. Call 08038218553. I am a Civil Engineer. 5 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by tolajay: 10:53am On Aug 08, 2017 |
University hostel. 4 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by adadike281(f): 12:50pm On Aug 08, 2017 |
SirJeffry:why not build blocks of flats and rent them out. Hotels full ground berekete. unless u will make it a 6 or 7 star hotel |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Chiccly(f): 1:37pm On Aug 08, 2017 |
Hostel |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by empressSkincare(f): 1:37pm On Aug 08, 2017 |
Go for Hostel blocks, It's easier to maintain and gives less headaches. Rent it out, collect your cash and your mind will be at peace. Hotels are more expensive to maintain though you'll get higher revenue but then your mind will always be there even if you put someone in charge they may end up shortchanging you. People are very wicked when handling businesses that's not theirs. Even if you're always available, they'll find all means of stealing from you not to talk of when you won't be available to monitor the hotel yourself, get ready for different stories. Build hostel blocks or flats/self contain apartments depending on which is hot in the specified areas. Collect your money annually and sleep in peace. I wish you good luck, you'll need it. GET RID OF STRETCH MARKS, CHECK MY SIGNATURE! 22 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Nobody: 1:37pm On Aug 08, 2017 |
Hostel - ladies preferable One room - self contain Install genset that can power the facility. Employ dedicated security guard. Install functional borehole system Leave the rest to Baba God Leave the rest to University or monotechnic or polytechnic academic timetable 76 Likes 4 Shares |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by speezyWears: 1:37pm On Aug 08, 2017 |
Hotel |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by osemoses1234(m): 1:37pm On Aug 08, 2017 |
Hotel and put ashawa for each rooms 7 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by richidinho(m): 1:38pm On Aug 08, 2017 |
hostel brother! 2 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by NwaAmaikpe: 1:38pm On Aug 08, 2017 |
A short-time chalet is the best!! 5 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Shortyy(f): 1:38pm On Aug 08, 2017 |
Hostel o. Before you'll finish building they must have all paid in advance. 19 Likes 2 Shares |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Inception(m): 1:38pm On Aug 08, 2017 |
adadike281: Make you dey pursue pipo upadan to pay ya rent? Abeg University hostel jare 6 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by IffaCatchYouEhn(m): 1:38pm On Aug 08, 2017 |
Strip Club 40 Likes 3 Shares
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Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Talk2Bella(f): 1:39pm On Aug 08, 2017 |
Hotel u make gain before loss |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by jmaxjohn(m): 1:39pm On Aug 08, 2017 |
Hostel blocks |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by blackbeau1(f): 1:39pm On Aug 08, 2017 |
University hostel .you'll never lack tenants. 3 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Richy4(m): 1:39pm On Aug 08, 2017 |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by naijahut: 1:40pm On Aug 08, 2017 |
I remembered building a student hostel 3years ago. It's a nice investment compared to owning a hotel. Now I have 17 students hostel 18 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by rozayx5(m): 1:40pm On Aug 08, 2017 |
i did hostels and handed over to lwayer 2 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Zeze06(m): 1:40pm On Aug 08, 2017 |
Build student hostels, you will have less trouble You don't have to monitor your investment daily They'll not take you to court before packing out There will always be a student around in need of accommodation If you need an exceptional architectural design in less than 48hrs at a very good price pls let me know. 4 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by VickyRotex(f): 1:40pm On Aug 08, 2017 |
I'd go for University Hostel Blocks anyday, anytime. Someone already mentioned my reasons up there. But at the end of the day the choice is yours to make. Goodluck! 1 Like |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Badonasty(m): 1:41pm On Aug 08, 2017 |
SirJeffry: Hostel blocks 1 Like |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by veraponpo(m): 1:41pm On Aug 08, 2017 |
SirJeffry: You will consider the following: 1. Risk ( Business risks, Financial Risk, etc) 2. Returns ( This is profits on each of them) 3. Cashflow ( What is the level of cash inflow for doing either of the two businesses) 4. Business Management ability. Etc. Having known your weakness ( SWOT Analysis), as stated above in your question, it is obvious you cannot handle hotel business because it involves many things like managing the restaurant part of it, managing staff, managing customers, daily activities too like laundry, etc. It is true you can employ people to do this, but your presence will save you from being swindled, it is therefore , better for you to do Hostel Business. Hostel Management is easier but with less cashflow and profit. Just get a caretaker/agent. Get your money at the beginning of the period and that continues every year. It is less stressful but with little but stable cashflow. Your presence is not needed at all. 3 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by noble71(m): 1:42pm On Aug 08, 2017 |
OP I wish to give you details of what is happening in Awka as regards Hotels and Hostel. Both are good investment in Awka with reasons, If you must venture into Hotel business in Awka you must be ready for the following. 1. You have to build a hotel that will outshine the existing hotels like Western Melok, Trig point and others, for you to make profit from it, reasons being that new hotels come up in Awka almost every 3 months. 2. You must build a large swimming pool like that of Marble Arc or even bigger, students are the once that patronize hoteliers very well in Awka. 3. Good management. But I will advice you to go for Student Hostel with reasons, 1. All you need to make it is good management, which a good care taker can do for you, Security and steady water, hostel generator. 2. Students hostel has less stress and complains to compaire with hotel business. Etc. Welcome to Awka, I wish you the best. 8 Likes 1 Share |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Awoofawo(m): 1:42pm On Aug 08, 2017 |
SirJeffry:Oga why you dey put money for bank....abeg dash me some.... About your question na Hostle sure pass, if undergraduate population is huge around your location.....money go dey enter your bank account every year in year out........student deypay on time and if dem no wan pay; just go Student's Affair go report. Na kiakia dem go pay you. 3 Likes |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by Marvyx(m): 1:42pm On Aug 08, 2017 |
hostel is sure investment with less risks |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by eagleonearth(m): 1:42pm On Aug 08, 2017 |
hostel blocks are money spitters running a hotel is expensive from the staff crew to the facilities. hostels are just there to be occupied by those who can afford that standard. Just tastefully build it and sit back for your cash to roll in. a sweet neatly used itel tab for grabs. model is it1702 19k only call 08038786031 if you're in Lagos |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by helphelp: 1:43pm On Aug 08, 2017 |
Hotel na everyday money |
Re: Hotel Or University Hostel Blocks Which Is Wiser To Invest In? by gentlemayor(m): 1:43pm On Aug 08, 2017 |
Hostel will give u rest of mind and steady income. As for hotel, you'll need constant monitoring so as not to be run down especially if you are not the one managing it even though it has a greater profit. 3 Likes |
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