I think if hostel located in neat and clean area is prize a dubble but if you have faced some issued to finicial disturb so you have sell it in incomplete building but I have about you should make complete and running it than take a Bussiness
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Yes,it's not bad to sell off the hotel if the funds are not available. Building a hotel is a very costly adventure that will cost millions of naira. It's better to sell it than to leave it undeveloped. However, if you know you can get money in the future, you can exercise patience and continue when you get the money.Few years back a relative of mine started building a hotel but along the line he ran out of funds and left the building uncompleted.... He has put it up for sale... Is it wise for him to sell off the property uncompleted or should he be patient to realize more funds then go on to complete the building?
He should complete this, because hotel is a source of life time income. If the hotel earn name he will eat the earning throughout his life. He should think that if he is leaving why did he start constructing this.Few years back a relative of mine started building a hotel but along the line he ran out of funds and left the building uncompleted.... He has put it up for sale... Is it wise for him to sell off the property uncompleted or should he be patient to realize more funds then go on to complete the building?
if the building work was in the progress then he should have wait for it and save some money because according to me it would be definitely worth for him in future. If he need funds for some other work then he can sell it.Few years back a relative of mine started building a hotel but along the line he ran out of funds and left the building uncompleted.... He has put it up for sale... Is it wise for him to sell off the property uncompleted or should he be patient to realize more funds then go on to complete the building?