Mountain Hotel Room Investment

[John Woodington]

Looking to see if anyone has done this before, and/or if these numbers look worth it:

I have a long-term goal of owning a "snowbird" home in Jackson Hole, WY, but prices there are astronomical.  I saw a listing for a 2 bed/2 bath room in a ski lodge that we have stayed at before.  The room costs $735,000, but the hotel manages it and rents it out on behalf of the owner.  I emailed the agent, and he sent me a financial statement from the room next door, which is identical.  For 2017, total rental revenue was $116,000, total expenses were $77,000, and profit paid to the owner for the year was $36,000.

These aren't great Cash on Cash numbers, but they are a means to a desired end (owning a place in this location).  Also, I would have to do nothing maintenance-wise on a property like this.  It would essentially be a set it and forget it investment.

Any experience doing anything like this?  Any suggestions?