Running Your Own Hotel or Motel

Compared to the traditional residential investments, running your own hotel or motel provides much more upside potential of the investment returns. In general, hotel or motel properties have two categories: flagged and unflagged properties.
Flagged properties
Flagged properties are properties that associated with a national chain or franchise. For the lenders' point of view, flagged properties are premium real estate. Franchised hotels or motels generally have higher occupancy rates due to the better national marketing campaigns and national exposure. The hotel franchisers will also offer greater support in the form of national reservation system and other daily management support. The disadvantage of the flagged property is that the franchisee has to meet the strict set of criteria set by the franchiser. Therefore, you may lose part of the control of the property. Moreover, in return of the services the franchiser has provided, you are expected to pay an annual basic franchising fees plus a fraction of profit from the sales growth of your business.
Unflagged properties
Unflagged properties are in dependently operated hotels or motels not connect with a national chain or franchise. Due to the lack of national exposure and support, if you are a new hotel or motel property investor has little or no successful investment experience, unflagged properties are much more difficult to operate. The only advantage of owing an unflagged property is that you don't need to pay national franchising fees and have full control of the property in all aspects from design to daily operation.
Additional fees and expenses
On top of the more complicated management and operation, investing in hotels and motels is also expected to pay additional fees and expenses. Transportation such as airport shuttles, taxis, or bus services may affect the operating costs of the property. Resorts that use other public or private amenities such as lake, health clubs, casinos, park or nature preserve may also be subject to use fees or membership requirements. For example, a lakeside hotel which has its own yacht club may expect to pay the user fees of the lake in addition to the cost of the yacht purchases. For bed-and breakfast properties, investors have to be careful of zoning restrictions, business licenses, and health department requirements. Because most of these businesses are residential-turned commercial properties, they incur costs of meeting government requirements.
No matter which type of hotels or motels you are investing in. Location, amenities, ages, management, and the property's physical condition all play a part how the property performs financially. Understand the strength and weakness of the property and address the problem in the early stage is crucial for the success of the investment.
Fewer lenders are eager to finance the purchase of hotels and motels, and those who are willing to consider it want to see stronger numbers than they'd require for multifamily, office, or retail properties. If you need to finance for the property purchase, make sure you work with a commercial loan broker who has access to specific hotel/motel lenders.

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Article Source: http://EzineArticles.com/?expert=Gary_E_Nyhus

Benefits of Transportable Homes

Transportable homes are surely one of the best investments one could ever make; as, the list of advantages and benefits of using them instead of the popular fixed site constructed homes are immense. Let's take a look at some of the benefits of a transportable home:
Environmentally Friendly
No matter whether you've bought a transportable park cabin or any other type of transportable home, the impact of your home on the environment is negligible when compared to that of fixed homes. First and foremost, the impact on the micro flora as well as micro fauna living on the soil is reduced as you're not excavating land nor damaging the top layer of the soil.
Your new home can be made energy efficient as the options are open when it comes to choosing the materials for your home. An energy efficient transportable home indirectly saves the environment too. Also, some manufactures would be willing to use high quality, recycled materials to ensure your home is the strongest and at the same time saving the environment by reducing the amount of waste on the planet.
Your home your choice!
Transportable park cabins are gaining popularity all across the country as well as the world. One of the most prominent features of these transportable homes is the high level of personalization that you can achieve. You're free to choose the roofing, materials put into the wall as well as flooring and paint! So, you're totally free to choose anything that you wish, hence, your home will surely be a dream come true.
They are stronger
Transportable homes are meant to be transported. But, for them to be transported safely without them undergoing any form of unwanted stress, they need to be reinforced. Since these homes are reinforced, it makes them stronger and more durable to storms and any other form of destruction that nature may fling at it such as: tornadoes, floods and even earthquakes.
Good insulation
Transportable homes especially the ones that you move around often, including park cabins have very good insulation. These homes are naturally smaller as they have to move on roads. In order to further reduce energy bills, they are insulated well - it's up to you to customize further if needed. No matter what form of heating you use, they retain the heat and hence, they're going to save you plenty of money!
Therefore, if you're looking for a cheap, cool and eco-friendly home, transportable homes are going to be a perfect choice. Park Cabins seem to be the best option if you're a caravan friendly person.

transportable homes and park cabins are what makes us famous. Take a look at the wide range of opportunities that we offer you. Customization is our key and you're free to choose any design you wish.

Article Source: http://EzineArticles.com/?expert=Abhishek_Kumar_Khandelwal