Condotels that allow short term rentals, are considered to be non-warrantable condos for the single fact amongst a few others, that they are transient in nature, similar to a hotel.

Hotels still account for 85% of all total stays.After all of the buzz the last couple of years, one would have thought that STRs took over half of the market share, and according to the headlines that is about to come crashing down.Jamie Lane, Chief Economist of AirDNA recently spoke to this on a podcast.

I also bought into 2 hotel deals and lost everything when COVID hit.

The hourly ones have expected completion times based on sqft and bedroom/bath sizes so they really cannot take too much of an advantage, and even if they did we are covered by cleaning fee (all of this has been factored in already).Most hotels staff in house to the point of their lowest occupancy months and bring in contractors at times of higher occupancy, so we are trying to follow this model somewhat.

Virgin Hotel.

Wait for a vacancy to do the repairs.You will have to provide accommodations which means hotel or airbnb.

There is an abundance of supply, high price tag, it's more of a corporate travel town than a vacation destination (meaning that 1-2 bedroom units are in most demand, which puts you squarely in competition with hotels). 

It is a beautiful home, 2500 sf, 5 Acres, just around the corner from gator hotel/hunts that charge up to $6k/weekly.

It's Monopoly and there is real money at stake.4 green houses to 1 red hotel. 

Cash invested: $2,300,000 LP in restaurant/hotel investment What made you interested in investing in this type of deal?