It 's amazing based on the frequency of investors from all directions and size, their investment decisions on a very emotional issue. It 's true that Thailand is the island of Phuket, offers exceptional hospitality and scenery, pristine white sand beaches, fantastic climate in terms of size. Not to mention the friendliness and hospitality of the Thais. On the other hand, it is also true that too often, Land & Hotel properties are drastically premium on the valuehave been purchased several years ago. Yet they are treated shamefully made disastrous investments that can be over 20, 30, 50, take 100 or more years for a return on investment securities Here are three simple steps to prevent such financial disasters by investing in the hospitality industry in Phuket.
Benchmark your earnings potential project in a realistic manner and on a conservative side. Note that economic cycles are repeated every ten years, taking aPeak period, high, low and very low experience requirements serve as a sound basis for equitable development company. Find your project Competition Media Room Rate, employment, income and additional costs that have to do a good estimate of profit. Working from these figures more than 10 years, regardless of prices or allocation of steps, which cover a return on investment, including loans and interest payments on the loan to pay back, and give you a pretty good overall resultEvaluation.
Consider all the expenses that may occur are at the time of the project. As the costs of building a new hotel property in an empty space, usually built on an average cost per room that includes all hotel services and technical requirements. Remember, the cost for the space that the larger your project is standard, the highest. Or, if the project is already under construction, decide whether you want to operate the hotel or want to renew. Rehabilitation should always be thepreferred option. Here, too, should develop an average cost per room built. You now have your investment costs.
Less investment costs, if applicable, your profit potential (for a period of 10 years) and the result of a simple deduction to give you an idea of the financial value of land and property to be purchased. You might be shocked at the difference between the price of so-called "market" and your figure, but this will certainly be the right amount and no otherYou should pay attention to the number just calculated.
Now you're ready for a "tender offer with the feet on the ground for your investment, and once again, not emotionally involved, still a significant potential revenue opportunities through business cycles ... hold period of ups and downs, so that you are looking at an average. Plus you just come to terms, taking into account all the positives and negatives, so there is no reason to order more! The best way to manage theseInvestment alternatives is two, three or more to be considered in the same way and treat them one at a time until the transaction you are looking for.
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