You have received a six-figure inheritance from a distant relative's estate. You have a strong interest in using the inheritance to set yourself up with an independent, nonfranchise hospitality business that has a high probability of success. Research current hospitality trends and projected growth areas for the next few years. Determine the type of hospitality business that would fit your preferences with a high probability of success, Discuss the following:

• Discuss hospitality and population trends for the area in which you would choose to locate the business.
• Describe the details relating to concept, staff and management structure, and projected first-year revenues specific to your business, with supporting information for why you believe it would be feasible.
• Describe the consumer market segment that your business would target, and why.