Hotel Pitch I'm an entrepreneur; I own a successful (and large) manufacturing company. We have worked together for 20 yearsand you know my success. I know a good opportunity when I see oneand this is a good opportunity! You know the old Mission de Oro? It's for sale! As you know, it's been through 5 different owners over the last 10 yearsbut as you also know, it's been poorly managed, and the business has suffered because of that. I've tried to be objective about this decision: here are the facts. The hotel is located just outside of Santa Nella, CA (pop. ~5,000), along busy Interstate 5. It has 185 rooms, a restaurant (that hasn't been operational in almost 5 years), and some event ballrooms. Over the past few years, the average nightly occupancy has been about 10%--which is why the prior owners have all failed! But, have you been to the hotel? I used to stay there every time I was in townand the quality has gone progressively downhill! The rooms are in very bad shape (dirty, uncared for; in need of repairs; musty and moldyand some bugs and rodents). They've not staffed it the way it needed to be staffed, or maintained it the way it needed to be maintained. They've offered to sell it to me for $3.9 million. I think I can get it for $3.5 million. If I do that, and invest $20,000/room in upgrades, I'll have less than $40,000/room in the motel. I think we can rent the motel rooms for $100/night, for an average of 200 nights per year, for a total income of $20,000/room/year! That's a 50% payback (without considering, of course, operating costs, etc...). But even if operating costs are $10,000 (which they can't bethat's a really extreme estimate), this place will return 25%/yearwithout even counting income from the restaurant and event rentals! So, will you loan me the money