Traditional Culture Encyclopedia - Hotel franchise - How big a hotel can 500,000 RMB run in a county-level city? (The decoration is based on the standard of 250,000 yuan)

How big a hotel can 500,000 RMB run in a county-level city? (The decoration is based on the standard of 250,000 yuan)

What I want to say is that if you are in an underdeveloped county-level city, it is ok to invest 500,000 yuan to open a luxury hotel (with an area of about 300 square meters), because the rent and decoration materials are relatively cheaper. If it is a county-level city with a relatively developed economy, the investment of 500,000 yuan is somewhat stretched. Of course, I mean its luxury, not its impossibility. If you have your own specialty dishes or business ideas, you can naturally get on the horse. You can completely give up luxury in decoration and choose again in a clean and orderly manner.