Any of you have any experience with owning a hotel room?
I was flipping through the pages of this real estate magazine, and I saw an ad for a 550sqft condo in Whistler. I did some more research and found many more in the same price range. From 100g to 150g.
I know that the hotel gives you a certain amount of days to stay there for free, but what is the potential return on these, once the condo is payed off.
Marketing costs, maintenance fees, etc, are they payed by the owner or the hotel chain?
Do you think it's possible to negotiate for an unlimited time option, or will they reserve the right to have blackout dates.
I mountain bike in the summer and snowboard quite a bit in the winter, and I do stay an average of 20 to 30 nights per year in Whistler. That's almost 4000$ a year in hotel fees.
What do you think?