Tonight's Brainfart

[CalgaryJenn]

Hotel Rates

I was sitting here thinking about travel costs. My last trip to Edmonton, I stayed in a $200 a night room. Thats about average as far as rooms I stay in. Some are up to $300 a night.
This got me thinking. I stayed at the Delta Edmonton Center, a 154 room hotel. Hell, figure that out:

154 X $200 average = $30,800 a night if fully booked.

$30,800 X 30 days a month = $924,000 a month.

- wages, utilities, etc.... = HOLY SHIT!!!

Now, every time I have booked the Delta Edmonton Center, I have had to book a week in advance because it's usually fully booked.
I need to buy a hotel LOL. It amazes me how much hotels charge.
Add on th $4.00 bottles in the room, the $23.00 to park your car, $4.00 tourism fee, and $2.50 advertising fee. I guess that at $200.00 a night for rooms doesn't make them enough to cover the cost of advertising. So they charge each room an extra $2.50. Go figure LOL
They could probably charge 50% less and still make a damn nice profit.
Ok, that was tonights brain fart.

 

[CalgaryJenn]

So could most SP's but is that going to happen?

LOL..... you knew it was coming

LOL Yeah, I had a feeling.

 

[sales]

Most hotels run about 60% occupancy over the course of a year Jenn. Add in staff rates, comps and group rates and your average rate then goes down as well. Natural gas is one of the biggest expenses when you consider the boilers to heat all that water.

They probably still clear a couple of million a year, but then you have to re-invest for upgrades to keep it fresh. To do the rooms alone would probably be close to 4 million.

To buy a small property with any value, you are probably looking at a minimum of 1 million. If you had wanted to buy the Fairmont Chain, you could have bought it for 3billion +, Four Seasons was bought by Bill Gates and the same Prince who helped take Fairmont private. According to the Globe and Mail, 1.5 billion would get you The Fairmont Banff Springs, Chateau Lake Louise, Jasper Park Lodge, Chateau Whistler, Vancouver Airport, Chateau Montebello and Kenauk when OMERS purchased them.

 

[CalgaryJenn]

Damn, that might put a kink in my plans. LOL

 

[sales]

Jenn, don't get me wrong. If people are paying that kind of money, they are still planning on making money at some point in time or they would not have bought them. You just need to convince your fellow business women to go in with you.

 

[CalgaryJenn]

Jenn, don't get me wrong. If people are paying that kind of money, they are still planning on making money at some point in time or they would not have bought them. You just need to convince your fellow business women to go in with you.

And we can cal it the HoHoHotel

 

[wolverine]

If you're coming to E-town that often, you may as well buy or rent a condo.

 

[CalgaryJenn]

If you're coming to E-town that often, you may as well buy or rent a condo.

Nah I only get there once a month or so. Otherwise.....