These all sound like major benefits to owning the venue yourself!
To be clear, I don’t doubt at all that using the Inn for events is much better than non-purpose-built space. However, the Inn also has costs that renting existing spaces wouldn’t: I assume that purchasing and renovating it costs more than renting hotel spaces as-needed for events (though please correct me if I’m wrong!), and my impression is that it’s taken the Lightcone team a lot of time and effort over the past year+ to purchase and renovate, which naturally has opportunity costs.
I’m asking because my uninformed guess is that those financial and time costs outweigh the (very real) benefits of hosting events like you have been. I’m interested to hear if I’m just wrong about the costs, or if you have additional plans to make even more effective use of the space in the future, or if there’s additional context I’m missing.
ETA: Oli answered these questions below, so no need to respond to them unless you have something additional you’d like me to know.
These all sound like major benefits to owning the venue yourself!
To be clear, I don’t doubt at all that using the Inn for events is much better than non-purpose-built space. However, the Inn also has costs that renting existing spaces wouldn’t: I assume that purchasing and renovating it costs more than renting hotel spaces as-needed for events (though please correct me if I’m wrong!), and my impression is that it’s taken the Lightcone team a lot of time and effort over the past year+ to purchase and renovate, which naturally has opportunity costs.
I’m asking because my uninformed guess is that those financial and time costs outweigh the (very real) benefits of hosting events like you have been. I’m interested to hear if I’m just wrong about the costs, or if you have additional plans to make even more effective use of the space in the future, or if there’s additional context I’m missing.
ETA: Oli answered these questions below, so no need to respond to them unless you have something additional you’d like me to know.