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John_from_Eurapart
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 Posted: Mon Oct 25, 2004 9:40 pm Post subject: How's £150 000 for a hotel room? |
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OK, so the headline is misleading but a hotel Chain is now offering serious investors the chance to buy a hotel room. Stay there 52 nights a year and get 45% of the room revenue for the rest of the year.
More
Anyone tempted - it does give a 6.5% return on your capital and then of course there's those free nights. Its such a good deal perhaps I should have posted this in Budget travel.
John
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aaron
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| Posted: Mon Oct 25, 2004 10:49 pm Post subject: |
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It would be nice if those newspaper sites didn't have such annoying pop-ups ads. This link seemed to have an unclosable pop-up which prevented me from reading the article properly. For those experiencing similar problems, here's the article in full:
| Quote: | I liked the hotel so much, I bought a room
Ian Aitch
Sunday October 24, 2004
The Observer
Anyone who has ever uttered the words, 'I wish we could just move in', about a hotel might like to consider a new investment scheme from Alias Hotels.
The boutique hotel group behind the Rossetti in Manchester and Seattle in Brighton is offering the chance to buy rooms in any of the five Alias sites, including the Liverpool St Louis, due to open in 2006.
Alias was recently taken over by GuestInvest, which piloted the scheme with its acquisition and launch of Guesthouse West in London this year and will now be working in partnership with Alias's founders to roll out an ambitious two new hotels a year under the Alias brand.
The deal will allow investors 52 nights a year in their chosen room. For the rest of the year the room will be available to paying guests to turn a profit, with investors taking 45 per cent of room revenue.
The minimum investment is £150,000, so the scheme is clearly being pitched at the serious investor rather than those who just like the wallpaper or cushions. But signs look good for those who can afford it, with all 20 rooms at Guesthouse West already sold and investors enjoying a 6.5 per cent rate of return since its opening in March.
GuestInvest (020 7747 6880; guestinvest.com)
aliashotels.com |
It certainly sounds a fascinating idea. Thanks for posting, John. Is this original, do you know, or has it been tried before? I wonder what happens with refurbishments and the like...?
Aaron
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John_from_Eurapart
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| Posted: Tue Oct 26, 2004 8:22 pm Post subject: |
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Aaron, its the first time I've heard of this for hotels but George V Group in France offer apartments on a sort of similar deal. Its called the VAT refund scheme where you buy an apartment in somewhere like the Maeva Chain and you get it at a substantially reduced price. You get to stay in it for 12 weeks of the year and they let it out for the remainder of the year. After 11 years you have use of it all of the year round. You don't get a profit share from the lettings though. Some apartement schemes do allow this though but I am sceptical as they would let their own apartments before yours\wouldn't they?
PS Sorry about the pop ups they don't bother me because I'm using Firefox with pop ups blocked.
John
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GregW
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| Posted: Tue Oct 26, 2004 8:59 pm Post subject: |
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They are building a condo-hotel in Toronto with a similar concept, though with those units it is more of an executive stay type hotel. 1 King Street West offers the ability to purchase a unit, and when you are away, you can hand it over to a leasing office to lease for short term rentals.
The building is not completed yet, so don't know how many people have gone for this. |
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paul
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petertdavis
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| Posted: Sat Jan 01, 2005 9:17 pm Post subject: |
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Resorts have been doing this for a long time. I've been considering buying a unit at Smuggler's Notch in Vermont, theyve been doing just this since the 1970s. I think this is just a new PR twist on an old idea.
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go2newzealand
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| Posted: Fri Jan 28, 2005 3:00 am Post subject: |
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For 150,000 pounds i will sell you a batch next to the sea in New Zealand! You can stay there for 52 weeks or rent it out. But I know once to come here you will probably stay.
Timeshares sux! Buy real real estate.
cheers 
go2newzealand
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massageLondonUK
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| Posted: Fri Jan 28, 2005 11:44 am Post subject: |
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that might be an idea for some larger companies to save money on hotels and fiddle with their accounts.
It's not much an option for a tourist/traveller - I wouldn't like to stay in one place for my holidays.
As an investment: 150 000 is a lot of money and I know a better return on my small savings
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Barcelona apartments
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| Posted: Tue Jan 26, 2010 4:26 pm Post subject: |
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w0o0o...thats 2 much for a traveller..!!!
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paul
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