800 Million Chinese At Risk! China’s Real Economy Crashes, $20M Hotel Won’t Break Even for 500 Years
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I invested 130 million yuan in this hotel, but so far today, the total revenue is only 7,495 yuan. Given these operating conditions, I might not break even for the next 500 years. I’m losing 300,000 to 400,000 yuan every month, and new competitors are constantly opening hotels in the market. What should I do? I bought this building for 70 million, and the renovations cost another 60 million. My total investment is 130 million. Honestly, I don’t know what to do—should I sell and shut down, or keep going?
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