Can 50 million open a hotel?

Yes 50 million yuan to open an above-average hotel depends on the building conditions, such as whether you are a frame building or an office building or an existing hotel. If it is a frame building, it is necessary to start from the partition wall and do a good job in fire fighting, concealed works, piping and wiring. Including all the renovation costs, we can probably afford rooms from 130 to 150, and the renovation costs are about 40,000.