So, please check the land auction. So much land in so good area is going for only 10 mil per quadrat. Premium land.

The gold auction is also showing a price of 0.12 gold. If you think this is the right price, no problem. Just 2 weeks ago the right price was double this...

The IPO subscription list for the Grand Hotel is in the Character DBCORP tab. You'll have to PM me but there you see how it works. I am quite interested in seeing the result of the bond auction, because this is now the first time to get risk-free (well, barring total loss of the game...) income for 25 days, denominated in XMR, for reasonable quantities. I was actually first willing to make it so that the whole 500 comes from one guy but this is probably better in establishing the interest rate.

The Grand Hotel is drawn in the Character DBDETAILED tab (it does not exist, but that is the place where it will). Check it out, it is - if possible - an even more magnificent construct than the Town Hall. Different. But has same elements (in the Town hall, the arcades surround the building in 3 floors; in the Grand Hotel, they surround the high lobby in 3 floors inside the building, and the outer perimeter of the building is rooms).

Links to everything can be found in the OP.

My own personal architect, Quentin Moon, is at your disposal for all your building need. Contact me for any inquiry.

Hey guys, I am offering you a 6.2% yearly profit, which is 12.4% daily. And what you need to do is to reply with the following magic words:

"One L5, please!"

Even if you don't care to refund the account after purchase, it does not matter since this generates so much more income (overdraft rate is 1%).

 

You are not yet in the game! 

I will donate 150k stone towards lots L37, 38 and 39

The Services in the Town (and planning more of them)

The services pool has proliferated commerce. First came the rental rooms and taverns, later guesthouses, now the shops, restaurants, soon hotels, and later on also office space. Karl has had incity stables for travellers, which have also proven to increase his income (typically the countryside takes care of animals, but convenience is prized among travellers who don't have so much of it in this century..)

If you want to get involved to reap these rewards, let me introduce how to start offering services and how much of the Services pool they can milk:

Guesthouse

* (one star)

This is first, because the Services payout of 100% is defined as being a decent room for rent. In practice, "decent" means 9 sqm with a window, in anything but the most crappy locations (eg. back of the stables). If the location is nicer, more air, more light, larger room, etc. the percentage goes up, and also down if the contrary is true.

Note that the typical servants earn 100k per year and the Services payout has been about 85k. The servants do not therefore have the means to live on their own, so the rooms may be populated by multiple servants/visiting peasants/other NPCs. Having more of the entry-level accommodation would be beneficial to our economy because then the peasant/servant income that originally went 0% to the Services pool, and currently goes 50% to it, would gradually be more and more absorbed to our economy and the money kept in town.

** (two stars)

To qualify as a 2-stars guesthouse, the place must have 10%+ luxury level, minimum 3 rooms, and some kind of lobby or reception. Often these have a tavern that serves also as a lobby, but it is not mandatory. A two-star place gets 50% more income from the rooms, but typically needs to employ (at least) someone to take care of the business.

Hotel

*** (three stars)

Three stars is the entry level for a Hotel. The luxury level needs to be minimum 30% if the rooms are 3+ meters high. With 2 meter high rooms it needs to be 60%. The hotel needs to have a restaurant or tavern with kitchen, and be all-around suitable for its purpose. The license to operate a hotel is granted by the Town Council (for 2 mil), and it may be denied if the profitability is deemed too low, or the establishment is not proper.

The location of the hotel is important. To assess the desirability of rooms, realistic criteria are used, leading to on average 100% better price per sqm compared to one-star guesthouse.

**** (four stars)

A four-star Hotel rooms need to be at least 3 m high, and 60% luxury. Otherwise the requirements are the same as in the three-star level. The license is a little more expensive (4 mil) and even more care is exercised to give the charter only to hotels that are glory to the city (outside finishing, lobby and restaurant quality (Restaurant, not Tavern), ...). The price is on average 200% better than one-star, but varies greatly based on many factors.

***** (five stars)

A five-star Hotel rooms need to be at least 4 m high, with 100% luxury, or 3-meter high with 150% luxury (this much luxury is hard to get). The building must feature impressive public areas, indoor toilets, even bathrooms, lots of and big windows with actual views, etc. The license costs 10 mil and is very hard to get, since only a few such establishments are deemed necessary in the city. The price is on average 300% better than one-star, and is surprisingly less dependent on random events than that of a 4-star, since the rich always have money.

Four- and especially five star hotels require a breathtaking number of staff. Due to not having hotels until now, it is likely that when the first ones are opened, at least in the beginning they will be full.

Tavern w/o Kitchen (Bar)

A tavern can be had in almost any place that would otherwise be a shop locale. Taverns require some staff, and have a specific formula that determines their income, based mainly on location. All the groups (commoners, nobles, servants, army, tourists, visiting nobles) are considered. It is impossible to know exactly in advance, how well a particular tavern would perform. It also changes over time: new places are frequented by chic people, and worn places by the not-so-chic but nevertheless profitable ones. Taverns have been very profitable and this is expected to continue until there are too many of them.

Tavern with Kitchen

With Kitchen, the tavern can derive extra income from food. A separate kitchen room and more staff are needed, but until now, it has been a profitable investment.

Restaurant

Restaurant is defined as a fine-dining place where meat, even foie gras is served. We currently have the Monero House and Town Hall restaurants in town, and compared to their significant costs, they are not doing as well as they would as taverns. The fine dining culture in our town is not well-rooted yet, since the Earls and higher all have their own kitchens in their Palaces, and the Experts and lower eat rather in Taverns. There have not been that many high-ranking visitors yet, since there are no hotels. Having a restaurant increases the prestige of the whole area, though, therefore large developments should consider having one to boost the income of the other units.

Rental House/Apartment

The idea that characters could directly rent from other characters, has been abolished, and it will not be implemented in the online version until Economy. Via this pool it is possible, though. Any apartments that are larger than what could be classified "rooms", are given a rating based on their market rent. Per sqm this is the lowest profit, but it does not entail costs or problems.

Basement Shop

As monetary economy progresses (we only started using moneretos 32 years ago!) the peasants are bringing goods to the market, so are the merchants. Artesans need workrooms and shops. These are in great need in our city, and the area where people are looking for them is now convincingly the Town Hall, where they appeared first. The Liberty Street side is the current shopping arcade of the city, and people coming from the west gate and the Citadel are also searching for shops (in vain, sadly) on their way to the centre. After the Town bureaucracy took over the offices in the 1st floor in the Town Hall, and the warrior monks took the side chambers of the Cathedral (which had been serving as souvenir stores), the dearth of commercial space is great and the rewards for providing it commensurately good.

Meeting/Conference Hall

Large halls in prestigious locations are something that everyone just wants to have. Their utility rate, however is quite low, and the return on investment is not that high. But otoh, you cannot call a building Great if it does not have a hall, can you? The actual business hotel with small shared conference rooms is waiting for itself for another 500 years or so...

Special

If you have special services to provide to the town economy, such as Karl has his horse tending complex beside the tavern, these will be evaluated based on their suitability and the need.

Your own businesses

It is proper to have a shopfront office if you do anything at all in the city, like the King's Coinshop does.

The Grand Hotel Corporation is about to be founded today, but surprisingly lacks funding!  

The advanced financial concept of loan auction is perhaps too early at this point of the game. What has recently made a breakthrough is land valuation, and this will come when it is time. The valuation of land is so high that the Grand Hotel is actually going for the price of its land alone - and all that the town gets for the land, is the 20 soldiers that the hotel will upkeep in its secret areas, who also serve as guards and ushers in the hotel.

We will amend the rules somewhat by removing the auction part and making the interest rate a fixed 0.6% APR, which means that every bond of 10 million is paying back 13 million at maturity (25 days). All bids of this and better have been converted to the new fixed-price deal. All subscriptions to the IPO so far will be honored.

Now, the King has placed his bets as well. When the IPO+loan round are fully subscribed, this magnificent project can start. The latest calculations are promising about 2.4% return-on-equity, which is comparable to the 2.7% of Monero House (if built now).

See the original post below and think for yourself, if a slice of this magnificent building with its treasures, in the central land, would be nice to have


OH YES - The Town Hall had its first dividends today. I gave 10% which was an accident, could have done 15%! The buildings are real good

Looks like the Grand Hotel has now been funded!  

Would love to see the full design in the CK Building Editor!!!

Will all the detailed multi-level plans for city structures be available to see?

Pardon my absence, I have just realized I am *naked* - please can someone furnish a suit for me? 

A simple green artesan suit will suffice for 3,000,000 moneretos.

Ah, that puts a name on the weird looking guy we were all laughing at since few years