United States, Ge... Preferred Partner "M & R Concepts was created to compete in two key areas of Hospitality; Hotel/Motel and Restaurant. Currently the focus is on the Extended Stay Hotels. Our guest will stay on average 3-4 weeks. We'll provide weekly housekeeping and linen service. Total pay roll will consist of 3 housekeepers, desk clerk, Gen Mgr, Asst Mgr, Maintenance/Grounds. The Payroll will be lower than average. The longer stays will require fewer guest nights and return a higher Occupancy rate. Construction cost will be greatly reduced to equate to $32,000 per guest room. Industry average is $37,000-$60,000. Because we're focusing on the Economy Extended stay guest, we eliminate the pool, excercise roo, and the restaurant. We do however offer larger Showers, queen sized beds, kitchens, Voice Mail, Dataports as well as premium channels. Also on property will be a laundry room and a well crossed trained staff to assist with all guest needs. Market Entry M&R Concepts is poised to enter the industry in Key areas of Metro Atlanta. In South Atlanta there are no extended stay facilities and there is a great need for such a property. The property will attract people from various incomes and backgrounds. We project 35% to be business travelers, 45% local people from various industries living within a 10 mile area and choosing to stay in the suite set up as opposed to a apartment. the remaining 20% will be people who are transient, overnight travelers, group business (consultants on long term projects) Exit strategy Management is positions the company to be strategically placed in key metro ar...
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