Considerations After You Buy a Hotel: Putting in a Spa

After you buy a hotel, ideas to make it better are probably racing through your head. One consideration you might have is implementing a spa. A full spa takes a lot of planning and expense, but if it’s executed correctly, it can reap a lot of rewards. Today in the Southeast International Hotel Brokers blog, we’ll discuss the benefits of putting a spa in your hotel.

The Benefits of Having a Spa

The benefits of having a spa are numerous. It can make your hotel a more attractive option in a competitive market. If a guest is choosing between your hotel and similarly-priced hotels in the area, they may go with yours because of the spa option. Also, you may be able to price your rooms higher than competing hotels and people would still choose yours thanks to the extra amenity. Besides being an effective marketing tool, your spa can also bring in more revenue, even during the slow season. Opening your spa to the general public means that people may be coming to your hotel even if they aren’t staying there. After you buy a hotel, you’ll probably be looking for various ways to increase revenue, and a spa is a great option.

Implementing a Spa

If you’ve decided that a spa is a good option for your hotel, you should make certain considerations. Ask yourself if the cost of building and staffing the spa will outweigh the profits it can bring in. Look at the market and determine if there’s a need for a spa. There may already be established spas in the area that have great reviews. If the market is saturated, implementing a spa could be a big mistake. Also, look at the demographics of your typical clientele. Spa services such as facials and massages are typically considered a more high-end expenditure. Does the income level of your guests justify giving them the option of spa services? Remember, even though your spa can attract guests that aren’t staying at your hotel, you still want to get that ancillary revenue from guests utilizing the spa during their stays. After you buy a hotel, you need to look at every angle of any changes you choose to make. Make sure you do extensive research before making a big decision like building a spa.

Buy a Hotel Through Southeast International Hotel Brokers

If you’re in the market to buy a hotel, make sure to buy through Southeast International Hotel Brokers. We have an extensive list of hotels for sale, available in a variety of markets. When you buy a hotel through us, we’ll help you throughout the entire process. Our decades of experience can guide you and make the experience as easy and stress-free as possible. Contact Southeast International Hotel Brokers today for more information.