owner retiring.. have 6072 sq metres, currently 30 rooms plus 3 br apartment, no time limit DA/BA to build 40 more. .not sure what to do to retire. .mostlyclosed for business now.. live on central coast.
Looking for ideas of what to do.. convert to units and strata sell, work hard in motel(I havent even had it open much.. no marketing done. )
any ideas / websites welcome.
a link to what is here is at
http://www.alpineholidays.com.au/developmentsite.htm
just about to commence the next 14 rooms, but not sure if I should, as I am closed mostly.. am in my 60's .. So my choices are
1. get involved in running the motel more, and boost the figures to around $30k per room per annum (nowhere near that now as mainly closed)
2. Get someone in to run / market it.. leasehold.. and reward them with a sliding scale of profits or something along those lines.
3. Find a developer to either complete the project to 69 rooms, and run it as a motel.
4. Find a developer to convert to s/c units, strata title, and manage or sell..
what do you think I dhould do?
cheers.. Marty ..
Looking for ideas of what to do.. convert to units and strata sell, work hard in motel(I havent even had it open much.. no marketing done. )
any ideas / websites welcome.
a link to what is here is at
http://www.alpineholidays.com.au/developmentsite.htm
just about to commence the next 14 rooms, but not sure if I should, as I am closed mostly.. am in my 60's .. So my choices are
1. get involved in running the motel more, and boost the figures to around $30k per room per annum (nowhere near that now as mainly closed)
2. Get someone in to run / market it.. leasehold.. and reward them with a sliding scale of profits or something along those lines.
3. Find a developer to either complete the project to 69 rooms, and run it as a motel.
4. Find a developer to convert to s/c units, strata title, and manage or sell..
what do you think I dhould do?
cheers.. Marty ..
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