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Updated over 7 years ago,
48 million visitors yearly & 80%+ occupancy rate, reason to buy?
At 80+ percent occupancy rate in central Orlando and 48 million visitors per year,
does this make Orlando a prime spot to buy a hotel?
According to loopnet, median price per room in Orlando seems to be in the $53,843 range
compared to New York City's of $442,105 and 47 million visitors per year.
Obviously both markets charge varying rates per night but 80% seems quite high compared to national average.
For some reason, it also seems the price per room for hotels in both cities is almost very similar to that of apartments although somewhat very different business models.