Hotel properties are on the rise as worldwide more and more tourists are travelling and need lodging, accomodation and restaurants.
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Investors and traders who are looking for hotel real estate need to be aware of the fact that only long-term capacity utilization is decisive for business success. A structured concept, equipment, location and quality of service are criteria that must be coordinated when a trader wants to buy or buy a hotel. The rent or purchase decision should therefore be well thought out. The following points can answer some questions on this topic.
Before real estate searches, emerging hoteliers should carefully consider the type of hotel they want to open. They are usually distinguished by their size and whether they have a connected restaurant.
Hotel facilities are one of the larger hotels, since they have beside the guest accommodation also a large property, which is mostly green. Anyone who wants to rent or buy a hotel property should always take care of this property in his calculation. In addition to financial expenses for the hotel business, gardeners and horticultural workers as well as garden tools, irrigation costs are also included.
In addition to several guest rooms, the hotel also has its own restaurant, which is available to guests and occasionally to external visitors. The size of the hotel can be quite different. While hotels with several hundreds of rooms are available for hire in major German cities and popular holiday regions, the hotels in rural regions tend to be smaller. A hotel can rent, rent or buy in Germany.
However, the service is very different from that of a hotel. The beds are usually self-contained and withdrawn before departure. Towels are only available for a fee. While in the beginning large dormitories were common, there are now rooms with a small number of beds in most of the youth hostels. Dining rooms, lounges, seminar rooms, sports facilities as well as a bistro or cafeteria can be found in most of the accommodation. In rural areas, there are also mostly spacious outdoor facilities with playground, sports ground and barbecue facilities. Apart from this, youth hostels differ primarily in their pedagogical focus on traditional commercial facilities.
All these features pose a major challenge in the search for real estate. If you want to rent or lease a youth hostel, you have to keep a lot of criteria in mind. Also, it must be expected that a suitably equipped object is not found and costly conversion measures have to be carried out. The term “youth hostel” is not protected – but it mainly refers to the accommodation of the DJH. If the operator nevertheless wants to specialize in a young audience without being connected to the international youth hostel association, hostels or backpacker hostels are available.
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