How Do I Get Development Capital To Complete An Off Grid, Fully Self Sufficient Eco Hotel ?
Im trying to finish a 20 chalet with additional 20 room eco resort in New Zealand, 100% off grid.
Its highly elevated, with massive coastal & ocean views from a safe distance away. Its surrounded by native rainforest and full of ferns and birds. A spring fed river that runs continually runs through it. It generates its own power through multiple methods, purifies fresh water in and waste out, has seedbank, full garden/orchard & working micro farm, food storage, winery, oil press, sat-comms, library & complete medico station. Its also fully defendable and secure.
My idea was to complete it, open for business as a top end getaway, then sell individual chalets to carefully vetted buyers, chosen for skills and attitude. However Im running out of funds fast. Is there a market for eco timeshares of this nature in a country like NZ in todays current global climate?
Do I try and sell 10 chalets to ten people on spec? Or am I better to find a single investor wanting 49%-50% of the venture?
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December 3rd, 2009 at 8:57 am
Advertise it as a Bed & Breakfast, they are still popular. Also contact groups like the Sierra Club, and other environmentally focused organizations in your area.
Work out a business plan for at least 4-5 years and go for a business loan. Try researching for a list of grant programs set up for helping out new businesses.
Focus your remaining funds on getting a few of the spaces ready and use funds from hiring them to finance the others.
Contact schools in the area that have agricultural courses. See if you can use students for labor as they intern for class credit. Also marketing resources from your fields in specialty shops on consignment could produce some funding, but your profits would be higher if you set up shop on your own grounds. Mailorder is another option.
I hope some of this helps out. Good luck.
December 3rd, 2009 at 9:32 am
perhaps look at Crystal Waters Australia for ideas.
You need to consider the travel footprint of visitors and staff.
But otherwise you need to operate like anyother business, put together a proper business case an talk it through with bank managers. Some banks will be more suportive of environmentally friendly approaches & allow for longer pay-back periods.
Slightly concerned at the fact that it is to be “defendable & secure” - not very sustainable environmentally or socially friendly, nor cost-effective.
What are you “defending” against in the wilds of New Zealand that is worth the expense?