Morning good citizens of Nairaland

Planning on venturing into one in the nearest future, I've weight my odds but both seem good to me, I couldn't decide

Please house, which one is more lucrative?

Cc: Lalasticlala

Event centre is better

event center will do you a lot of good. speaking from experience. i dated someone who has both. the cost of running a hotel is no joke my dear. lets start from the building and furnishing cost. the cost of building a very classy hotel (i mean a "starless" one) is no beans, from furnishing room to room , am an interior decorator , and i must tell you, u should have a huge capital stored up to kick off and pull it through. dont get me wrong, hotel business is good if u invest some cool cash there. let me talk about event center, now depending on the state and site, if you do a standard building and pre decorate with awesome looking chandeliers , tables and chairs and some flower pots here and there and some A/Cs, then you are good to go. u wont go through the stress of looking for customers , those who hired your hall, will source their crowd themselves, do there thing and go. urs is to keep the generator, sound system, and cooling units in order, good security and parking lots, and u r in business, u can have time to do and invest in other businesses while that one runs itself. and guess what, you dont need lots of staff to run an even center, maybe after running it for some time, if you still have some space you can then build a hotel, or better still, plan to build some rooms on top of the event center during the foundation stage of the building. do u understand. wish u luck.

Mykel4God:
Morning good citizens of Nairaland

Planning on venturing into one in the nearest future, I've weight my odds but both seem good to me, I couldn't decide

Please house, which one is more lucrative?

Cc: Lalasticlala

As an hotel manager: hotel is more profitable. To buttress this, when u run it on a short time and full time basis. Nigerians are jolly people.

As an hotel manager: hotel is more profitable. To buttress this, when u run it on a short time and full time basis. Nigerians are jolly people.

Thanks brother