Saying that the COVID-19 pandemic has introduced a lot of uncertainty into all of our lives over the past year would be putting it mildly. Economies around the world are struggling, small businesses shutting down, or fighting to stay afloat, large corporations are downscaling, the airline and hospitality industries are counting catastrophic losses after barely a year of travel limitations.
hotel room investment
Did you know that you can build wealth and income by investing in hotel rooms? If you haven’t heard of hotel room investing, you’re not alone. Even though it is a tried-and-true strategy that is used worldwide, many people have never heard of it. Hotel room investing is similar to investing in short-term rentals, but instead of owning a residential property that you rent out to vacationers, you own rooms in a hotel. Each month, you get a share of the hotel’s profit based on how many rooms you have invested in.
The possibility of owning a hotel room is still a pretty novel concept for a lot of investors, and over the past few weeks we’ve had a lot of questions about what the ownership model actually looks like. Are you buying a share of the hotel room to become a co-owner? Are you buying a timeshare?
How cool would it be to own a hotel? More so than a rental house or commercial storefront, it’s a glitzy asset that just screams prestige … especially if the hotel in question is an upscale five-star crown jewel in the hands of a Blue-Chip brand-name management company.