Heavily analyzed by potential investors and lenders, a hotel’s financial plan can be extremely tough to develop. This section delineates individual revenue streams by projected timeline for implementation and relative importance, discusses outside funding sources, and summarizes past and future Income Statements, Cash Flow Statements, and Balance Sheets. You must make key assumptions that are both reasonable and verifiable through an analysis of similar companies. Finally, a good exit strategy demonstrates your understanding of the market and willingness to capitalize on profitability.
You can download our Hotel Business Plan Template (including a full, customizable financial model) to your computer here.