I bought the hotel next door with my own money, and I’ve not spent any of the EA Hotel’s money on it. Given it’s relatively low cost, I see it as a decent investment largely independent of the EA Hotel (i.e. even if the EA Hotel fails I think there’s a reasonable chance property prices will go up in Blackpool in the next 5-10 years).
Perhaps in terms of maximising my positive impact it would’ve been best for me to donate the money to the EA Hotel. I think that remains to be seen though. Although I think I probably was a little over-optimistic about the funding prospects for the EA Hotel at the time, in hindsight.
(Note the timing of the purchase wasn’t ideal. It came up for auction. Strategically, I didn’t want to lose the opportunity to enable the EA Hotel to easily expand (i.e. through knocking through the wall and using all same resources in terms of kitchen, appliances, stock etc) in the event it is successful enough to warrant it.)
I bought the hotel next door with my own money, and I’ve not spent any of the EA Hotel’s money on it. Given it’s relatively low cost, I see it as a decent investment largely independent of the EA Hotel (i.e. even if the EA Hotel fails I think there’s a reasonable chance property prices will go up in Blackpool in the next 5-10 years).
Perhaps in terms of maximising my positive impact it would’ve been best for me to donate the money to the EA Hotel. I think that remains to be seen though. Although I think I probably was a little over-optimistic about the funding prospects for the EA Hotel at the time, in hindsight.
(Note the timing of the purchase wasn’t ideal. It came up for auction. Strategically, I didn’t want to lose the opportunity to enable the EA Hotel to easily expand (i.e. through knocking through the wall and using all same resources in terms of kitchen, appliances, stock etc) in the event it is successful enough to warrant it.)