Buying a hotel in blackpool...

Buying a hotel in blackpool...

Author
Discussion

D1on

Original Poster:

802 posts

187 months

Sunday 21st December 2014
quotequote all
Is this a viable business idea?, Anyone here done it?..
Say a 12 bedroomed hotel like the one below, Bought mortgage free and running it with my partner..
I'd probably take it on as a project over a year or two before opening, Bringing it upto date while finding out what people like in a hotel...
I know Blackpool gets a reputation but it is still a very popular seaside town even through October to November because of the illuminations

One below is just an example, I wont be thinking about purchasing for around a year...

http://www.rightmove.co.uk/commercial-property-for...




D1on

Original Poster:

802 posts

187 months

Sunday 21st December 2014
quotequote all
Eric Mc said:
How does it handle negative reviews?
That particular hotel seems to get rather good reviews on the internet...
However this wont be the one i'll be buying unless it still hasn't sold when I have the funds and decide to go ahead with the plan...

D1on

Original Poster:

802 posts

187 months

Sunday 21st December 2014
quotequote all
croyde said:
Jeez! You wouldn't get a garage round here for that.

Stayed in similar up in Blackpool for work and it was busy but the place gave me the shivers. Mind you at that price and keep the customers coming in, that could be a lot of profit.

Good luck smile
Yeah, Thinking it could be a good start as opposed to buying a house...
Would take some learning though before purchasing to make sure its ran right..

D1on

Original Poster:

802 posts

187 months

Sunday 21st December 2014
quotequote all
DSS Flats could be interesting,
Anyone have a rough idea how many flats could be converted in a property of that kind of size?...
Could a DSS Flat just be a studio type?...

D1on

Original Poster:

802 posts

187 months

Monday 22nd December 2014
quotequote all
Wacky Racer said:
What about the other ten months of the year?

Most people I know spend an hour driving their kids through the (to be fair, excellent lights) and then get the hell out.......

Looks quite busy in july...

https://www.youtube.com/watch?v=ZCwDqtVoudg

D1on

Original Poster:

802 posts

187 months

Sunday 28th December 2014
quotequote all
tooldtocruise said:
You get people who have never been abroad in there life for whatever reason
we had people who come 4 times a year.. every year

its not and never will be like the hay day of the 60s 70s when hundreds of people used to sleep on the piers because there wasn't a bed left in the town or like the bloke a few doors from me had bunk beds made in two sheds out the back to rent out

there's a lot rundown and shutting down but they are the people who have never updated anything or have hit there own bar ...this happens a lot

there are hundreds of hotels for sale but if you think about it there are thousands running and making money
Thanks very much for your replies!
Have I got a way of contacting you privately?
Your help would be very much appreciated! smile