Why are there so many hotel rooms for sale at the Hard Rock Hotel in San Diego?

[Elizabeth Rose]

Does anyone know the answer? I'd love to purchase a property that allows short-term rentals there but the city now requires a license for these and they are in very short supply/difficult to get.

The idea of purchasing a room at the Hard Rock Hotel seems like it may be a great way to get into the short-term rental market there and also have someone else manage all aspects the rental, which is ideal for me. But also, I see 13 rooms for sale there right now so it makes me wonder if there's something wrong with the building, a special assessment of some kind, etc. Does anyone have any intel on this?

[Kenny Simpson]

Quote from @Elizabeth Rose:

Does anyone know the answer? I'd love to purchase a property that allows short-term rentals there but the city now requires a license for these and they are in very short supply/difficult to get.

The idea of purchasing a room at the Hard Rock Hotel seems like it may be a great way to get into the short-term rental market there and also have someone else manage all aspects the rental, which is ideal for me. But also, I see 13 rooms for sale there right now so it makes me wonder if there's something wrong with the building, a special assessment of some kind, etc. Does anyone have any intel on this?

 Because it is hard to make the HardRock cash flow after debt and they take 50%.  Not a good investment and then on top of that that financing options are not great.