Hotel Fund
Hotel Fund
$0 raised toward $10,000,000
Next milestone: $1,000 · $1,000 to go
Could millions of small contributions eventually help Alaizyah buy, renovate, and operate her first hotel?
- Lifetime support
- $0
- Interest & other
- $0
- Acquisition spend
- $0
- Remaining to goal
- $10,000,000
The Hotel Fund is reserved for the hotel ownership project and may be used for any legitimate expense involved in finding, evaluating, acquiring, financing, renovating, furnishing, preparing or opening a hotel property.
What the Hotel Fund is reserved for
- purchase price
- earnest money and deposits
- inspections, appraisals and surveys
- environmental reports and other due diligence
- legal and accounting expenses
- consultants and broker expenses
- title and closing expenses
- taxes and fees connected to an acquisition
- franchise-related expenses
- financing expenses
- renovation and repairs
- furniture, fixtures and equipment for the property
- permits
- pre-opening, launch and opening costs
Hotel Fund money is reserved for expenses related to the hotel ownership and acquisition project. Alaizyah Stays travel and content expenses are paid from the separate Stay Fund.
Money never moves between the two funds. The database itself refuses to move a transaction from one to the other.
Some expenses — inspections, appraisals, professional advice or other due diligence — may be incurred on a property that is ultimately not purchased. That is a normal and legitimate cost of the hotel project. It is included in the Hotel Fund totals like every other transaction and is itemized in the public ledger when the entry is marked public.