FEASIBILITY REPORT ON HOTEL - GUEST HOUSE

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:

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:

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