Sikapa
Verified member
According to the definition of real estate, which is define as a property consisting of land and building, then one can classify a hotel building as part of real estate development. Hotel serves as place of accommodation and bars or restaurant for people of all race. In general, hotel is a hospitality building for human.
Building hotel can be so costive and indeed this need rich people to invest into this business. According to research, hotel is categorized into three or so according to the hotel rank. One thing that makes hotel building to be so costive is how you make it look because of the ranks you may want your hotel to rank first class because this is where the executives love to stay. Although it is a form of real estate which needs a lot of money to be invested in but it can be also a lucrative business. One thing the investor has to keep in mind is you will benefit from long term. This means you will earn passively after building this structure you have to take a risk.
Building hotel can be so costive and indeed this need rich people to invest into this business. According to research, hotel is categorized into three or so according to the hotel rank. One thing that makes hotel building to be so costive is how you make it look because of the ranks you may want your hotel to rank first class because this is where the executives love to stay. Although it is a form of real estate which needs a lot of money to be invested in but it can be also a lucrative business. One thing the investor has to keep in mind is you will benefit from long term. This means you will earn passively after building this structure you have to take a risk.