Budget Hotel: www.olive-hospitality.com

Budget Hotel: www.olive-hospitality.com

Project Cost: RM1.1mil (Depends the size of the hotel)

Amount Invested : n/a

Amount Required : RM1.1mil

Knowledge / Experience Required: general management

Proposed Investor’s Role: nil

Industry: tourism / hospitality

Project Stage: start-up

EXECUTIVE SUMMARY:

Company History:

Mr Lim C.M., Managing Director for Olive Hospitality – He has over 10 years of hotel management experience. He is a graduate of Keris College, Malaysia. Prior joining Olive Hospitality, he was with:
1. Paradise Sandy Beach Resort, Malaysia
2. Le Meridien Singapore
3. Pan Pacific Singapore
4. Parkroyal Serviced Suites, Malaysia
5. Arenaa Hotels Group, Malaysia
6. The Everly Group, Malaysia
7. Grid 9 Hotel, Malaysia.

Product / Service Description: Budget Hotel

Business Opportunity:

Tourism Facts: Malaysia welcomes 7.09 million tourists in the first quarter of this year, marking a hike of 10%, from 6.45 million tourists over the same period last year. The industry experienced a remarkable growth and evolved to become one of the country’s fastest growing economic sectors, contributing billions of dollars each year in tourist receipt.

Revenue Model: Revenue generated through room revenue and other miscellaneous revenue.

Source:
1. Online Travel Agents (Agoda, Booking.com, Expedia..etc)
2. Official Website
3. Hotel Direct (Phone in or email)
4. Social website
5. Tour Agency
Management Team: Mr Lim C.M. – Managing Director

Current Status: Planning Stage:
1. Ready Standard Operating Procedure (SOP)
2. Renovation costing prepared
3. Operation costing prepared
4. Sales & Marketing plan
5. Ready contractor to start renovation works
6. Ready suppliers for hotel amenities
7. Ready property (few locations)

Funding Milestone: The funding will be used to:
1. Rent out a premise
2. Renovation cost (include purchasing furnitures)
3. Operation cost
4. Licensing fee
5. Miscellaneous

Business Valuation: Open for discussion

Expected Return On Investment: n/a

Investment Risk and Mitigation: n/a

Exit Strategies: n/a

CONTACT INFORMATION

Lim C.M. ( owen@olive-hospitality.com)
Company Name: Olive Hospitality
Postal Address : Unit 10-06, Jalan C180/1, Dataran C180
State : Selangor
Post Code : 43200
Country : Malaysia
Website : www.olive-hospitality.com/home/

 

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