How to buy and run a small hotel

KEN PARKER
5th Edition
Language: English
Published: 2007
Pages: 256

Preface
Running a small hotel or guest house is often seen as a glamorous occupation. From the outside, there seem to be so many advantages: being your own boss; not having to commute to work; enjoying an attractive lifestyle; living in an idyllic location. In fact, money for old rope.
Of course there are advantages, but, as with most things in life, there is more to running a hotel than meets the eye.
It is mainly for those who are seriously thinking of entering the business that I have written this book. However, since it deals with the subject comprehensively and includes the most recent legislation, it should also prove extremely valuable to those who are already hoteliers.
Because, almost uniquely, it is so important from everyone's point of view that prospective hoteliers fully understand what is involved before committing themselves, I have devoted the whole of the first chapter to this aspect.
Then, drawing on personal experience, I will guide you through the complexities of becoming a hotelier, how to go about looking for a suitable property, financing and equipping it, and deciding what may be the best way for you to run it.
Since some of you may have decided to take advantage of a depressed market to buy a hotel at a bargain price, my tenth and last chapter addresses the subject of how to survive in a recession.
In addition, there are lists of the legislation affecting the industry and of some trade magazines, a brief explanation of terms used in the trade, a list of further reading and many useful addresses and telephone numbers. Please be aware that regulations do change and organisations often change their names along with contact numbers. As with all business ventures, professional advice should always be sought.
All prices, rates, tariffs, fees, etc, unless specifically dated, are quoted for illustration purposes only and should not be taken as an indication of current values.
Ken Parker

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