Hotel Rooms As An Investment
Some hotels sell individual rooms to investors. Timeshare is an example of this kind of investment. The buyer is allowed to stay in the room without charge or at a reduced rate for a given number of days each year. The investor is paid a share of the takings for the room. Rooms can be sold on a leasehold basis, sometimes on a 999-year lease. Room owners are free to sell at any time.
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Famous quotes containing the words hotel rooms, hotel, rooms and/or investment:
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—For the State of Massachusetts, U.S. public relief program (1935-1943)