Let's do some simple math. If you built a 60 room hotel with
interesting architecture. Perhaps like something you see in Ocean
grove or even something like you see in sprink lake. If you could
fill it up for the 16 weeks of the summer at full occupancy. Say
$200 per night. 16 weeks at 7 days per week at 200 per night would
yield $1.34 million in revenue. Assume 30% falls to the bottom line
after tax. Would net the owner 400k per year. My guess is the
initial outlay to build thought would be close to 10 million. So
you would have to count on some occupancy in the "shoulder" months.
I also agree with Jack, The Tides is an awesome place
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> --- In AsburyPark@yahoogroups.com, "dsher4" <dsher4@> wrote:
>
> > How many rooms there are in other towns and what level of supply
would
> > be too much. Does anyone have any insight on this topic?
> >
> > dan
> >
>
> Enough rooms that owners want to buy more or add on...
>
> You can go to AC in the summer and not get a room or get one, but
pay
> out the nose or today, drive down Rt 30 toards the marina disrict -
> and see rooms from abou $29 sun-thursday... or get free rooms in
the
> hotels or $79 rooms at the casinos...
>
> I was in hollywood fl got a room via price at a hyatt place... via
> priceline cheap.
>
> YOu need a mix, a choice. The problem is, you need the land to
build
> it on. Would a 25 story hotel work? That's grand. Would a 100 room
> "family" hotel work?
>
> Right now having extra hotel rooms is not the problem. That's my
> thoughts for what it's worth. Throw a holiday express or other
simple
> style hotel and you have alomst the whole shore to draw from -
"steps"
> to the beach...
>
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