This special project was to study the business plan for budget hostel under the name of Suneta Hostel Khoasan, which consisted of 24 rooms 34 beds on 480 square metres at Khoasan Rd. area. This study provided the analysis of primary and secondary data in order to create a business plan, and strategies that contain marketing plan, operation plan, human resource plan, financial and investment plan, and risk management. From the result of questionare, the most three important factors for hostel are price, location and recommendation from friends or website review. Therefore, this study applied the result of interview so as to make an operation plan for the hotel such as the room design to suit their need, the appropriate price, the training class for employee, the selection of public relation and advertising, and the creation of service processes. The feasibility study of financial section, found that Suneta Hostel Khoasan used the fund of 4,500,000 bath, which is only to the equity section, with weighted average cost of capital (WACC) 13%. From the assumption and financial plan, this project should make an investment because net present value (NPV) equals 1,271,723.96 baht and internal interest rate equals 25.71% that higher than cost of capital of this project. Finally, this payback period of the project equals 2 year 9 months.