Hello!
i have a question,
If you want to buy a hostel,
Will you be interesed of buying a well-known hostel without the name?
Of cause, in case the hostel wasn't so good with previous management it'll be better to rename after you buy it, but if hostel has good reputation but it has just changed the name to a new unknown one, how does it affects you? How important is this factor when you buy a hostel?
Thank you so much!
14 years
If the place already has a great reputation, then there’s no reason to change the name. I would imagine that an established name is a large part of the value associated with the business.
I would find it strange if the hostel had a good reputation but changed the name to something unknown before they sold it. If this is the case, then they’re pretty much just selling you a bunch of furniture, aren’t they?
Are the owners changing location and planning to use the established name again?
14 years
Are the owners changing location and planning to use the established name again?
Yes, Exactly!
14 years
Look at the ratings now, and see how they are. If it has a good or bad rating now, you will eventually get the same rating. People usually choose hostels online via the HW/HB/TA rating, and not so much the name (unless people have told them about it). In the very short-term, it's bad, but eventually it won't matter. But names can be more important than rating, if you're part of a chain. I've stayed in a few hostel chains, and you know what to expect.
If you're getting a fabulous building, without the name, for a good price, go for it!
Related Pages
Log in to join discussion