I own a 3 star boutique hotel in city with 750,000 population

how much capital did you need and how much are you making a year? Also how's the competition around there, how's taxes and how much do you have to pay for each employee (insurances etc)

>>1576613
Sallary for all 6 employees is 3.000 a month including insirances since some are part time.
I make about 5.000 a month so -3000 for salary is 2000 and - 3000 a month for the bank credit i am left with -1000 a month.
I had 3 months when i made 7.000+ so all in all
im litterally on 0 money not made any not spent any BUT i did pay of 12 months of the credit off so this is my only profit
I have been open for a year

>>1576601

Im in the US but am familiar with hotels. Sounds like your rates are too low or youre not renting enough rooms. How many rooms are rented each night on average. How many rooms in total do you have?

Also, if youre a boutique you will likely be still competing with other hoteliers. Creating a subtly themed place can help differentiate you.

However, you should be turning a profit every month for it to be worthwhile. If you are consistently losing money than it may be necessary to walk away. In terms of value, just because you spent the extra 200k in renovating doesnt mean its worth 200k more. Cost /= value. You may be paying your employees to little. Unless they are managing other employees, a little over minimum wage in your area would likely suffice.

>>1576845

*employees too much.

Also what is your loan interest rate?

>>1576601
I can read the google runes
tis an ancient and arcane craft