Should I sell this unit at a loss or keep it? My gut tells me to sell but...

[Irwin Dominguez]

Hello everyone, 

I bought a condotel in Honululu formerly knowns as Trump Waikiki in 2020 for 400k and it hasn't been a good investment at all. This will definitely be my last...

The hotel is currently getting rebranded and unit owners have the option to upgrade our rooms using the hotels "discounted and preferred" contractors for the "low price" of ~160k (again, the unit cost me 400k and is currently valued at ~340k). In addition, we're forced to pay ~1k/ month to help pay for the CAM upgrade fees. 

NOTE: the rebrand is this: https://www.hilton.com/en/hotels/hnlwiol-ka-lai-waikiki-beac... and everything in the hotel is getting upgraded. 

NOTE 2: if we choose NOT to upgrade the rooms, the units can't be in the hotel's pool of units to be rented out to guests.

NOTE 3: right now, I'm losing about $1,500/mo

My gut tells me to just get rid of this unit at a loss but I have a few questions I'm hoping someone can help me with (so far, I've asked some RE professionals I know but they don't have any idea).

1) If I was to pay the ~160k for room renovations, does this mean the room increases value by at least that same amount? 

2) Is there any way to know beforehand if this rebrand has the likelihood of increasing the value of the rooms, in particular mine?

3) Are there any other things I should look at before making my final decision on this unit I have?

Thank you so much for reading this post. I definitely learned a lot from this experience and I don't plan on making this mistake again.