How To Start A Hotel Business In The UK: In a recent video, I take you inside the incredible journey of Marcin and Kasha. They are two of my students who started with nothing when they moved to the UK in 2004. Today, they run an 18-room hotel in Hull making £15k a month, with a property portfolio worth over £3.1 million!
If you want to see exactly what they did to create their hotel business, watch the full video at the top of this page. You can also find the video on my YouTube channel.
If you are planning on getting into the hotel business, this video contains important information you won’t want to miss. It is well worth getting a paper and pen out, while you watch, to take notes!
Hotels are a great way to make money from property, but you need to know how to get started! In this article, I will show you how to start a hotel business in the UK. This will allow you to begin to understand how the business works, and if it could be right for you as a property investor.
As a property educator, I have seen how running hotels has been transformative for many of my students. I, therefore, want to teach as many people as possible how to start a hotel business in the UK. However, I need your help to get the word out!
Please consider sharing this article on your social media pages. Together, we can help people reach financial freedom through the hotel business!
1. How To Start A Hotel Business In The UK: You Don’t Have To Own The Property!
You don’t need to own property to get into the hotel business! You can rent the building, and then run it as your own hotel.
This is what large companies such as Premier Inn do, and you can do it too, starting with very little money. You can also often obtain a lease option agreement allowing you to buy the property in the future at a fixed price, should you wish to.
2. How To Start A Hotel Business In The UK: Systemise The Business Without Front Desk Staff!
The old way of running a hotel involves employing a lot of staff. In many cases, it also involves being at the property yourself to conduct the day-to-day management. This takes a lot of time and money. Sometimes, it isn’t even profitable!
The modern way to run a hotel is to systemise it! Guests self check-in via key safes. Cleaners come in when guests check-out. This saves time and money. Guests love it, too, because they can go directly to their rooms! It can be highly profitable, and is exactly what I teach my students!
3. How To Start A Hotel Business In The UK: Get Long-Term Bookings!
Marcin and Kasha’s hotel is often booked by contractors. This means longer term bookings. Reaching out to businesses who may want to book the entire property for longer stays is a great way to ensure occupancy.
Don’t just rely on sites like Airbnb and Booking.com to help you find customers, spend time reaching out to businesses in the area too. This is key to success as a modern hotel!
How To Start A Hotel Business In The UK: Get Training!
Now that you know how to start a hotel business in the UK, it’s time to get some property training! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
