Submitted by a member who wanted to remain anonymous.
In Blackpool and other locations there are empty hotels. To provide employment and residential assisted living including 3 meals a day to anyone on a State pension these empty hotels could be purchased by private enterprise. Here are basic calculations to show the viability for a 40 room hotel. The State pension is £34.47 per day. By renting out each ensuite room for £34 per day the gross annual hotel income is £496,400.
The annual Council Tax per ensuite room is £2,126 (band C).
Council Tax for 40 rooms is £85,040
Hotel annual income net of Council Tax is £411,360
Cost of ingredients and labour per meal at £2.75. Gives hotel annual meals cost as.£40150
£371,210 is operating profit which is a . 8% annual return on an investment of £4,640,125
I hope the above basic calculations prompt a more professional analysis.to include heating water and insurance costs for example.
