Think of it like Monopoly - you have to have 4 houses to buy a hotel and get the big money.

I don't forsee it being very negative in our condtion but as a single family home owner I wouldn't like the least bit.The thing with casnios and they are starting to do it now here is once they develop cash they put in their own neighborhoods for the tribe members, their own hotels, etc.

Interesting, but the comment about about maintenance being higher than any other commercial type property tells me they had never managed a hotel/motel!

Does anyone know which hotel Bill Barnett is giving his talk this weekend in Los Angeles?

I have read a lot recently that if the city has a low tax basis for existing property, they condemn it under eminent domain and give it to another investor who builds a hotel which puts more money in their pocket from taxes.

The apt manager told them they would have to leave until they could repair the water damage, and offered to reimburse them $120 per night, for a hotel room for the first 2 nights.

If you don't know what good ADR's for hotels are or lease rates for retail space or how some of those lease works in a contractual sense, you should be very cautious.

A full-blown REIA is very expensive to run, I know from experience, and it costs a lot to rent hotel space.

The ones that slide like hotel/motel blinds are even more durable.

I don't know if its a statewide thing, but I know at least some areas are subject to them currently.Here in the 'Armpit State', there's similar law for 3+ units (Multifamily and Hotel Dwelling Act - or something like that).