relax 'n access

Relax ‘n access hotel chain plans

 

·       History: one of the great investment types in the past was hotels. Everyone likes to go on vocation more or less often, so these hotels used to be the best bet for them. However, most recently, there is probably a majority of the older hotels that are abandoned. We researched the situation, and we came up with the following conclusions:
·       1) marketing strategies. While in the pest, anyone was able to put a classified in the New York times about their hotel, thereby attracting the targeted consumer, today, people know about the most common hotels, and usually there is where they want to go. But this wouldn’t cover for the super big abandoned hotels, but –
·       2) amenities. people got to learn, that while they are spending their vacation time, they can go in a hotel that offers “something specific” to it, rather than just a nice hotel. In some cases, this is the location – like Niagara Falls or the desert. In some cases, area with a lot of attractions in close proximity like zoos, aquariums, amusement parks, lakes for boating or fishing, state preserve parks, beautiful views, and more – where they plan to go around during there vocation. In some cases, it’s the hotels attractions like casinos. but according to this rule, all the hotels super 8, best western, Marriot, crown plaza, holiday inn that are sort of “nowhere” wouldn’t succeed, so this brings us to another conclusion that –
·       3) the brand you know. People like to go to a brand they know and trust, rather than experimenting with the unknown. Plus, most of the bigger franchisees have some special rewards and programs, that makes them attractive.
·       Our niche: so, what we are looking to do, is basically creating a new brand of hotels, that would offer for visitors all the vocational attractions they would go around for during their vocation, with the peace of mind that everything is included in the price of the stay s everything ifs free! Ideally, we would look for locations with natural amenity’s as well, so we get the very best.
·       Amenity’s: besides of the standard amenity’s like: swimming basin indoor/outdoor, tennis courts, ballrooms, exercise rooms and more. We would add whatever possible that wouldn’t cause too much odor or noise to deter vacationers, like: petting zoos (limited to not so noisy animals), aquariums, amusement parks, lakes/ponds for boating or fishing, u-pick orchards, botanical gardens with a huge greenhouse, so people can enjoy a pleasant walk in the winter – the hardest time for hotels to attract tourist – in the realm of nature, skiing, hiking, golf, play grounds, and more.
·       Location needs: since such an operation needs huge amounts of money to upkeep, we must focus on hotels with a lot of rooms, so – beside the higher price tag on our hotel rooms – it should be covered with quantity. Also, we need – of course – a lot of acreage to host all these activities. We also prefer areas where the nature would work with us – suppling nice views or other natural activities like mount climbing.
·       Income maximizing: we are referring to purchase distressed properties or property’s that most get a quick sale for a steep discount, so we can get a full cash out refinance after one year of operation – thereby freeing up the money to the next location investment. Also, we hope to implant a timeshare strategy or perhaps even second home condominium-hotel structure for part of the hotels, so we have a solid sum of resources for the upkeep to begin with (like HOA, management, timeshare fees)
 

Our current location options
1)    FRIEAR TUCK INN- Catskills NY

History & status: it used to be a very well picked up hotel, the bank foreclosed it, it got water damage from the Irian hurricane, and asbestos were fund. We spoke with the town, and they are extremely willing to work whoever taking this back to life.

Impression of my visit: the main issues would ne the roof, cosmetic, and asbestos. Since the building is basically from mansion & steel, there is probably no structural damage – but we will indeed need an engineer report to confirm that.

Real property: ~ 200 acres, 400 keys +71 suites, 400,000 SQFT, some ponds and lakes, facing to the famous hunter mountains.

funds needed: we got a deal of $12mm we assume that another 3mm would be needed for repairs, 2-4mm for our exhibitions.

2)     Hudson Valley Resort & Spa – Kerhonkson NY

history & status: it’s a beautiful hotel, used to serve a certain degree of modern orthodox Jews, but they are no longer suppling a big enough audience. The partners most also for other reason sell and split apart.

Impression of my visit: heartbreaking… a stunning hotel with all the amenity’s EMPTY FROM PEOPLE!!!

Real property: 500 acres, ~270 keys, 200,000 SQFT, all possible amenity’s, view and access to Minnewaska State Park Preserve 22,275-acre preserve & mountains.

Funds needed:  10mm for purchase, plus ~250K for exterior cosmetics, 3-6 mm for the exhibitions.
investment keys: