The idea of ‘buying’ a hotel may seem strange. You stay at hotels; you do not buy them. However, the accommodation business can be very lucrative if you do your homework. It helps if you have some experience in the hotel industry, but it is not necessary as long as you have a business plan. You also need to find a suitable hotel for sale, of course.
Resort Brokers Australia offers a brief guide to the more entrepreneurial-minded.
There are two ways that you can buy a hotel. You can buy the business (leasehold) or the property (freehold). Leasehold means you own the hotel business but not the land, which means you have to pay rent to the landowner. If are buying the property where a hotel is operational, you are buying a freehold going concern (FHGC).
Any business requires capital. The hotel business is no different and it may take less initial cash than you might think. In most cases, buying a hotel is like buying a house. You need to come up with the down payment and amortise the rest over a prescribed period. The main difference is a hotel can make money for you. When choosing a hotel for sale, you should check if the revenue is enough to offset what you are paying for it.
In general, leasehold requires less money than FHGC because you are not buying the property. This means you can get your money back faster with leasehold than FHGC. On the other hand, you do not own the land where your hotel is located. You will have to give up your hotel at the end of the contract unless you renew it. Of course, hotel leaseholds are usually long term, such as 40 years or more.
The decision to freehold or leasehold will depend on your plans for the future. In a nutshell, if you want to pass on your hotel to your children, then you want freehold. Meanwhile, if you just want to try out the hotel business, you should consider leasehold.
Murphy’s Law states that anything that can go wrong will certainly go wrong. This adage explains that the world can be harsh and ruthless. It’s true at times. Natural calamities, chaos in the social or political orders, and feared plagues and outbreaks are only some of the scenarios that attest to the axiom.
The consistency of these things has led people to form the movement called survivalism. People who uphold the movement’s principles are called survivalists; they actively prepare for the things.
Deliberate Dynamics explains “Good enough” is for people that hang their hats on what they did yesterday.” Some people view survivalism as a way of life. It helps them view the world in a practical perspective. If you want to be part of this movement, here are some things you need to keep in mind.
Food should be at the top of your list if you want to survive. This is not only important in extreme cases, such as earthquakes and wars. Extra provisions that are well thought of can be your salvation even during job loss and injuries. There are rations with a shelf life that lasts up to 25 years. Don’t forget to consider your water supply.
People should use a bag that has enough room for the essentials. The bag should be lightweight and is placed within the house where you can easily get it in case you need to flee. It should contain the ration, survival knives, ropes, blankets, medicines, flashlights, and batteries. You may also include things that are likely to disappear during national emergencies.
You are the most important dimension of survivalism. In the midst of calamities or chaos, you need to have a clear, stable mind and reliable physical strength. Get in shape and train yourself about the basic skills that you may need in the wilderness, such as building a fire, finding a water, and constructing your shelter.
The dynamics of survivalism are actually more complicated than these. For now, these core aspects will ensure your survival in case something happens.
Timber floors never fail to add a sense of classic elegance to a home. In Australia, timber floors can be seen in more homes than vinyl or any other type of flooring. If you want to have timber floors installed on your new house, you need to know that there are different types of timber swatches that you can choose from.
1. American White Oak
This is a type of domestic hardwood found in the forests North America. Many homeowners prefer this type among the many timber floors for their Perth homes because its whitish hue can give any room a brighter ambience. This would perfectly fit into your home if you have chosen a light theme for your decors, furniture, and appliances. The American White Oak is quite hardy and can withstand a lot of rough treatment with barely a noticeable scratch or dent.
2. French Oak
This is another type of light-hued hardwood, though it is often a bit darker than the American White Oak. French Oak has a more exotic look that is often reminiscent of the old colonial farmhouses. If your chosen home decor brings out the old-world glamour of Perth, timber floors made of French Oak would be the best choice to complement it. This flooring adds a sense of vibrant warmth to the house because of its uniquely worn appearance.
3. Tasmanian Oak
If you want to install timber floors in your home that is made of home-grown hardwood, the Tasmanian Oak is the best choice. This timber flooring bears the unique characteristic of having slightly pinkish hues running along its pale to white brown timber tint. It provides a neater appearance to the any room because its grains run in a straight line along the entire length of the wood. This is the perfect match for modern decors and furniture.
Regardless of the type of timber that you choose, there is no denying the fact that timber floors always add a sense of classic glamour to a house.
Rugs can be expensive depending on the materials, design, antique value and quality. Make your rugs last like these most expensive carpets sold in auction.
A circa 1600 small medallion Ushak rug closed its value for around $158,000, which is thrice its base estimated value of $40,000. The West Anatolia carpet was a part of a private New York Collection. It is deemed as one of the most expensive carpets of 2008.
Measuring around 4 feet in length and 3 feet in width, this carpet gained its value for having prominent medallion-like embroidery in the middle. Its exceptional brick red base color gives a great contrast to its delicate design.
Silk Isfahan Rug
The circa 1600 silk Isfahan rug originating in Central Persia topped the most expensive rug list in 2008. Auctioned by the same Ushak rug auctioneer, its value was $4,450,000.
Unlike the Ushak rug, this silk rag has subtle colors including cornflower, citrine, taupe, and other greenish yellow shades. Intricate embroideries are formed using teal, peacock blue, black and different raspberry shades.
Its material and embroideries made it among the rarest carpets that have ever surfaced in the market.
Even if you don’t have the money to buy a rare rug, you can find some alternatives that have good embroidery. You will need to care for these, though. Embroideries can easily fade without proper maintenance like going to rug and carpet cleaning companies in Draper.
17th-Century Persian Rug
The 17th-centry Persian rug took the spot away from the silk Isfahan rug after having a closing value of around $33.8 million. The final bidder remained anonymous.
Also having a vibrant brick red base color, this prized carpet has rare vase technique patterns. Other rugs may also have the same pattern, but this is the only one available in red.
Rare carpets are indeed high valued home items. However, even if your rug doesn’t cost as much, you still need to clean it to make it last.
It is always fun trying out different foods. There are unique tastes and you may find some exotic fruits surprising. Familiarize yourself with exotic fruits that may look or smell weird, but are safe to eat.
The shape of Buddha’s hand can make people uncomfortable. When viewed at a different angle, its tentacle-like fingers look as if it’s about to attack. However, the citrus fruit is useful in perfume making.
Like the lime, other cultures find it useful for the zest. It got its name for resembling Buddha’s hands while meditating.
This root vegetable is popular in Europe for being a potato alternative during wintertime. It is also a good substitute for potato chips if you want to minimize your starch intake.
Durian is a favourite fruit in many Asian countries. Its popularity is starting to reach other countries, but you have to experience its unpleasant characteristics before getting to the tasty fruit.
Its exterior has large spikes. Upon tearing through the skin, you will notice its strong smell. Getting through this, however, is rewarding because of the soft and fleshy core inside.
Trying durian in its actual form is the best way of enjoying this fruit, but there are always durian candies if you can’t handle the odour.
This type of melon has an otherworldly appeal with its spines or horns on the skin. Inside the spiny skin is a succulent green jelly core with edible seeds that is citrusy in taste. Typically grown in New Zealand, Southern Africa and California, this fruit was also seen on Star Trek.
Those who enjoy fruits like this may want to take advantage of buying wholesale fruit and veg. Brisbane has white sweet potatoes and passionfruit for the slightly less adventurous.
Ordering exotic produce can be challenging due to their availability. Enjoy regular fruits and vegetables in the meantime.
The roof and the walls form the most important structural aspects of any house. Keeping your roof at its best will protect your loft from leaks and keep it free of damp spots. Since these take longer to show, especially if you have a properly insulated loft, many homeowners tend to ignore roof maintenance.
Here are simple tips to handling all your roof problems the easy way:
“I’ll have it done next month, or before the end of this autumn.” This an ancient recipe for disaster. Postponing your roof repair only serves to amplify the problem. That simple leak will soon ruin your entire loft. That loose side shingle will eventually catch the wind and pull neighbouring shingles loose.
Don’t change your mind too often
With the roof repair comes the responsibility of choosing who should do it and what roofing style to model on. Making up your mind before calling in the contractor seals the deal on a definite budget plan. Every change you make after this, no matter how small, will always have a positive impact on the project’s budget and completion time.
Don’t buy your own things
Letting your roof repair contractor handle all the purchases is both time-consuming and costly. A good roof repair expert will have connections. They will most likely get the material at a subsidised cost. But, if you insist on making the purchases, you should consider going through a couple of guides before making your first purchase.
Don’t forget the home’s theme
If you intend to do a complete roof overhaul, remember to go with a roofing style that complements the rest of your house. Every house has a theme. It could be a town house, a villa or an oriental home. Choosing the right roof not only keeps the elements out, but also makes sure that your home looks and feels complete.
Whatever you do, do not start a roof repair project without a complete idea of what you want to do. Get an expert to do a comprehensive roof survey before laying out an elaborate project plan.
Fortitude Valley, or The Valley as it is known to locals, was infamously known as Brisbane’s shady and seedy precinct. In recent years however, it has managed to make a name for itself as a home to quirky cafes, up and coming artists, musicians, designers, and indie shopping this side of Australia.
Here is a sampler of what you can find in Brisbane – including the best restaurants:
Indie Shopping Valley Style
Brunswick Street houses Fallow, a shop featuring the best fashion and accessories in The Valley. You can also find Incub8r and Heidi Go Seek near Fallow for gorgeous handmade wares featuring the best handcrafters in the country. Turning a corner to Ann Street, you’ll find more drool-worthy clothing stores such as Dogstar, Akira, Mai-occhi, Blonde Venus, and Babushka Ballerina where you’ll find stunning gowns.
Across the street you’ll see Downes Shoes, known to be one of the oldest enduring shops in The Valley. It has stood in the same location for over a hundred years. Next up is Winn Street, for those who want to experience the most adorable laneway in The Valley. Here you can visit The Outpost for quirky urban wear, Tym Guitars, and an assortment of small shops like the Sunday Social for vintage finds and Atavist Books, and other popup stores. For the ultimate vintage and retro inspired finds, you can check out Trash Monkey.
Other Things to Do in the Valley
Aside from featuring an indie shopping extravaganza, The Valley is also known to be home to restaurants that make it a foodie heaven. And what better way to cap off a day of shopping than to head out and eat, relax, have a drink (or three), and nurse your tired feet?
In addition, should your shopping trip fall on a weekend, you can check out the popular Valley Markets in Brunswick Mall and Chinatown Mall. This weekly event was founded 20 years ago and after much revamping now features up and coming music, art, food, fashion, accessories, and plenty of vintage and handmade wares.
The Valley is one of the most fashionable spots in an already fashionable city. Drop by and eat your heart out – or drink, whichever takes your fancy.
According to a recent study conducted by HSBC, Singapore tops the list of the best countries to be an expat in, then the UAE and US tied for second, followed by Belgium and Hong Kong.
The survey showed that Hong Kong attracts high-earning expats, the majority of whom are in the Finance industry and receive an average salary of $200,000 every year. This makes the region the go-to destination for professionals in the field, as many financial jobs all over the world are failing while HK sees a 15% rise.
Now, I am sure all of you are looking for the sign-up sheet, but hold your horses. Do you know what you should prioritise when you get into the expat life? Topping that list should be your health.
Let’s say you’re earning very well, of course you’d like to maximise your money’s worth and spend it on the things you want. How about your needs? Your health needs, to be exact.
Here’s what most expats frequently ask:
What Plan would suit me?
Whether you’re staying until you figure things out or for good, you need a secure plan for your health. There are special health insurance packages for expats in Hong Kong that lets you choose how you want your insurance to work for you—be it short-term or long term.
These plans may be customised however you want — coverage is totally up to you, checkups, hospitalisation, medical evacuation, etc.
Is it Worth it?
As a foreigner living in an unfamiliar place, there are many health risks from numerous factors like food, environment, and even illnesses. In this respect, you have to understand that your body is working hard to adjust to everything new it’s experiencing.
While it may seem like a good idea to go to a doctor when you feel like it, this limits your visits to the GP. While it is good to address the problems as they arise, but it is even better to prevent them from going through regular checkups. A regular health check and medical tests will require money, which is why getting a health insurance plan is worth it.
Sure, living the expat life abroad is great, and earning well is even more so! Nevertheless, this means having more money to better fulfil your needs. As an expat, nothing is for certain, so you have to make sure that you’re covered, come what may.
Productivity is at the heart of every successful retail operation. Even when you are not dealing with customers, your operations should still produce results that help business grow. From tracking inventory to designing your store window display, know that each and every task matters.
There are things, however, that can drain productivity and, in the end, hurt the retail business. Sadly, not all retail store operators are aware of these productivity vampires, which include poor shifting schedules and inefficient inventory tracking. These issues pose serious issues in the long run. To ensure the growth and productivity of operations, here are some things you should consider:
Invest on better number crunchers
Providing quotes to clients is as important as making the sale. Professionals from Roshtek Software Solutions say you need to make sure you can provide precise estimates to maximise profits. Once you give the wrong information, even if by mistake, it can still hurt the potential gains. To prevent this from happening, it is a good idea to invest in better quoting software.
Create a detailed day-to-day schedule
Improve productivity by putting together a detailed operation and shifting schedule. It should cover all tasks that need to be completed within the day. It must also contain point persons responsible for overseeing the tasks and possible relievers in case of emergency.
Follow up on other store matters during downtime
During downtime, it is tempting to idle and just wait for customers to come in. If you want to keep your retail store running, though, use the time to follow up on other store matters. For instance, if you are anticipating a shipment, prepare the storage area and keep track of the inventory as well.
Train your workforce
Your workforce plays a huge role in ensuring productivity. Train them regarding proper procedures when not engaged with customers or working with off-store tasks.
Ensuring productivity can result in a huge boost to your retail business. Consider these pointers to help your business grow.
Perceptions of necessities change over the years as new trends are introduced to the market. Today, people are more conscious of global warming and what it’s doing to the environment.
As various natural calamities continue to plague countries across the globe, the demand for products associated with disaster preparedness has increased. Because of this, some companies now offer products that would give consumers the assurance in case something bad happens.
Food is the primary concern for individuals in a survival situation. According to survival experts, energy plays a vital role in increasing a person’s chance of survival. Food does not only provide a person with the necessary nutrition, but also gives the mental boost that is important in life or death situations.
With this, food storage companies are now offering food kits in the market. These kits provide consumers the nutrition they would need to deal with the challenges they may encounter in the future.
In a life or death situation, living conditions are poorer and hygiene is one of the first things to deteriorate. This exposes people to various diseases that could cause sickness or even death. There are more than two-hundred fifty kinds of diseases that can lead to food poisoning.
One of the most common bacteria that cause food poisoning is salmonella, a bacterial infection in the intestines. A person may experience symptoms within 12 hours of exposure to it. An infected person may feel severe abdominal cramps, fever and diarrhea, which also causes dehydration. Unless an infected person is given the necessary treatment, symptoms can last a week.
Today, over forty-eight million Americans get sick and another three thousand die every year due to food related diseases. With this, Investing on survival food kits doesn’t only ensure a proper nutrition, but also prevents your exposure to life threatening diseases.