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 and/or investment:
“They all see you when you least suspect.
Out flat in your p.j.’s glowering at T.V.
or at the oven gassing the cat
or at the Hotel 69 head to knee.”
—Anne Sexton (1928–1974)
“I see slip to the curb the long machines
Out of whose warm and windowed rooms pirouette
Shellacked with silk and light
The hard legs of our women.”
—Karl Shapiro (b. 1913)
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)