FEASIBILITY REPORT ON HOTEL/GUEST HOUSE


Content

TABLE OF CONTENT

1.1     Introduction         -        -        -        -        -        -                  6

2.0     Operation Methodology, Environmental

          Impact Study and Marketing Approach     -                  7

3.0            Organization Structure, Succession

Arrangement and  SWOT Analysis  -        -                  10

4.0     Projected 5 – year Income Statement          -        -                  11

5.0     Projected 5-year Cash Flow Statement       -        -                  12

6.0     Projected 5-year Balance Sheet         -        -        -                  13

7.0     Projected 5-year Trial Balance -        -        -                  13

8.0     Conclusion -        -        -        -        -        -                  14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.1     INTRODUCTION

This project relates to the promotion of tourism and the need for the provision of conferencing facilities. Nigeria, with Oko-Oba Area of Lagos as a particular case still lacks behind in the provision of conferencing facilities that could cater for a world class come together. Many lodges/guest houses in Oko-Oba are composed of fewer rooms that could accommodate at least one group of conference attendants at a go.

 

This feasibility report project’s only immediate competitor is Stalad Hotel, just 2 kilometres away location of study. It has eight (8)Chalets of three (3) bedrooms each. They have two (2) bathrooms, Satellite Television, communal swimming pool, self-catering facilities, laundry service and braai facilities. Their charges are as thus:

 

Persons                      

Midweek

Weekends

4-6 Occupants

M3850.00 p/p per night sharing         

N11000.00 per Chalet/night

2-3 Occupants

N4400.00 p/p per night sharing

N1 1000.00 per Chalet/night

1 Occupant

N8250.00 p/p per night single

N1 1000.00 per Chalet/night

Children under 14 years

N1450.00 p/child per night sharing

 

Group Rate

N3000.00 p/p per night sharing

 

  

It also has twelve (12) villas of either three (3) or four (4) bedrooms. The three (3) bedroomed ones are made up of one (1) Executive Suite (master-en-suite) and two (2) Standard rooms, while the four (4) bedroomed ones are made up of one (1) Executive Suite (master-en-suite) and three (3) Executive rooms (en-suites). It further on has six (6) budget rooms. Other facilities as a satellite TV, communal swimming pool, self-catering, laundry service and braai are also available. Their charges are as thus:

 

                         Persons

                        Charges

Standard Room (sharing bath & shower)

N   3500.00 per room per night

Executive Room (en-suite)

N   4500.00 per room per night

Executive Suite (master en-suite)

N   6150.00 per room per night

Single Occupancy (3 bedroom Villa)

N1 1000.00/villa/night single

Single Occupancy (4 bedroom Villa)

N1 2000.00/villa/night single

Children under 14 years

N   1750.00 per room per night

Budget Room (day use, 08h00 – 18h00

N  1200.00 per room per day

Budget Room (night use)

N  1450.00 per room per night

Group Rate

N  3000.00/person/night sharing

Weekend Rate (3 bedroom Villa)

N1 1000.00 per villa per night

Weekend Rate (4 bedroom Villa)

N1 5000.00 per villa per night

 

 

 

2.0     OPERATIONAL METHODOLOGY, ENVIRONMENTAL IMPACT STUDY AND MARKETING APPROACH

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