24-year-old plans to build hotels that cost $2 per night

Published on : Thursday, August 18, 2016

Chototel blueprintA 24-year-old woman named Rhea Silva has plans to establish the ‘Chototel’, that is the name for a series of budget hotels that would charge its guests a price range between $2 at the minimum range, that can shoot up to $5, that is the most expensive room rate here.


Such hotels might be ideal options who are unable to afford rent or purchase their personal apartment. It is quite similar to a housing lottery.


Silva’s company has plans to launch four hotels in a small Indian town named Nagothane. This region is located at a distance of nearly 72 miles from Mumbai. While the first hotel would be introduced next month, the remaining three would be built in the next four months.


There would be 60 flats in each of the hotel buildings.


A television set, loft bed, sink and closet space would adorn each of the flats in the hotels. The flats would also comprise a counterspace, dish rack and a hot plate in the kitchens.


Silva said that the concept of Chototel is quite attractive because people have been changing their attitude towards home ownership.


She told the media that she has now realized that people are no longer determined to purchase a house. Rather they would prefer staying in a place that is near their place of work. Therefore, people do not desire a three-bedroom mansion and instead dream of owning a little apartment where they would be able to enjoy their privacy.


Rhea Silva said that the latest trend is to shift towards convenient designs while making the optimimum utilization of spaces in such housing complexes.


Chototel would be convenient for people who would not be capable of paying rent regularly every month, but would be easily able to make the payment by a meager amount. She added that people generally like residing in places where they would not end up spending about 60% of their income on house rent. No wonder, homeownership has slumped to its lowest rate since the year 1965.


The hotel would earn money not only through the nightly rent but also through the utilities. Therefore, guests can spend a night at the Chototel without turning on the light and pay $2. In return, they would be offered a clean room powered with Wi-Fi and a nice bed.


Rhea Silva said that microbots would be placed inside the hotels that monitor the consumption of the tenants and report it to the hotel.


She further added that tenants would also be able to check their consumption with the aid of a smartphone app that permits them to turn off a utility.


Since smartphones are cheap today, Silva feels that a large number of hotel guests would use them for checking their consumption.


Silva went on to add that if the Nagothane hotels are successful, she would open a hotel in Mumbai that would shelter 10,000 occupants. In the following few years, the company is focusing on expanding its hotels in locations like Bristol, Laos and Dubai.


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