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:
“I’ve always thought a hotel ought to offer optional small animals.... I mean a cat to sleep on your bed at night, or a dog of some kind to act pleased when you come in. You ever notice how a hotel room feels so lifeless?”
—Anne Tyler (b. 1941)
“By sitting dressed like this, in rooms like these,
Saying I can’t guess what just fancy, when
They could be really drinking, or in bed....”
—Philip Larkin (1922–1986)
“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)