AirBnb / investment / hotelroom

[Maria Merkulova]

Hello, we need a opinion. We have 2 AirBnb condos, which is doing decent job in this times. We are trying to expand and our attention stop on hotel/ motel unit. Which is kind of cheap compared to condominiums. Is it even worse to get involved with the motels? Is it good investment?

The unit have to be purchased in cash, would it hold the value or should we jus walk away and use the money toward down payment on condominium

Unit is old and will need renovation, couldn’t find many reviews about motel. The last review was like 8 years ago and not really positive. But it’s location is in busy area.

Thoughts ..thank you