knifelicker.com: How do you buy and manage a small motel?
I would like to purchase and manage a small independent motel in Florida. Some place I could live and maintane.
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Answer by venky
Keep control on the Wine and Whisky, you will make good money.
Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you’ll inevitably have as well as many you haven’t anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* A Survival Guide for Hotel and Motel Professionals by Karen Levine, Alan Gelb
* Buying a Motel by Bill Weaver
* Hotel Management and Operations, 3rd Edition by Denney G. Rutherford
* Check In; Check Out: Managing Hotel Operations (7th Edition) by Jerome J. Vallen
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
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