Well, he will probably get institutional funding and will plan to uplist. Will raise capital through an S1 or so, there will definitely a plan. Still learning this but going public helps.
These are franchises. Patel is not putting up the money nor is EV Hotel. Look up to buy a Hilton hotel or a Marriott hotel or a McDonald's franchise. Someone is buying it and will own 95% of it but they are putting up the money. Not Hilton Marriott or McDonald's. A Marriott hotel is around 82 million. Some one with 82 million dollars has to buy it and Marriott will build it. Then Marriott gets 5%of the gross sales with a franchise fee plus a monthly fee. The person buying the EVHotel is the investor they pay for every thing. Ev hotel will probably own it,s own hotels down the road. Because it would be a head quarter location. One being in Georgia. The ev headcorders. Go to ev web page. They do all the construction interior decorating ext and so on. Beginning to end every one is getting a cut. Why he has so many partners. 20 so far. That s why Brian Esposito liked Ken's model ev hotel. Brian is top 100 realastate developer in the world and will get a cut on that with his business partners or other company's he owns.119 ev hotels have been sold since January 2022. There is a franchise fee and a 2% gross sales of a evhotel. The crypto and NFT sales are a question mark on who gets what.
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