There are things people do, not actually to make gains but to make value or worth very crystal clear. How did the whole story begin? Ok, I was just gazing at some beautiful structures in the estate I was walking in with my Reverend. We had a guest speaker and we were paying him a visit in the hotel which was booked for his entire stay during this process. I must comprehend that we have some beautiful structures in our city.
I guess this is the advantage we have as development comes to us in the latter days. Since places like TOP cities like Lagos, Abuja and Port Harcourt had early occupants, investors are NOW turning their eyes towards developing citizens. What will you say about a structure that was built day and night. money just made the work so very compulsory.
What are they building I could imagine and the feedback I got from my Reverend was that it was a hotel. Adding to that, he said they are still going to add additional two deckings to what already looked like a four storey building. It was as an investment that exceeded the millions of naira into billions.
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It took my brain to do some actual calculations; in how many years will the capital sunk into this building be recovered, not even talking of profit. At least one can say it is a hotel and not a residential apartment that will have many delays.
That aside, even tracing down capital recovery is still difficult from here. How many rooms will make up the hotel, how much will the cost of each be, will they be having a full house daily, what's their daily minimal cost to run the business, how about their staffing (salary and allowances), what will competition do in the near future?. These are the top few questions.
Talking of cost per room, we have seen hypes these days. One can't be surprised how these rooms can be overpriced and people are still struggling to pay for it just to secure bragging rights. Nevertheless, how many years will it take to recover let's say N5 billion from that hotel structure or wasn't it better to choose a more soft investment for ROI.
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To conclude, let me add, what I got from my feedback had some points in it; that structure standing there said the Reverend is a lifetime thing. Even if profit doesn't come in his time, the children will pick it from there.
His idea was the need to convert assets from paper notes to visible assets. Aside from beating inflation, account fraud can be well taken care of. What’s my take home here?; knowledge.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.
