New Hotel on North is a chic boutique hotel which was a 15M investment by an experienced Berkshire family.

Always make me wonder how some people are capable of building so many high-rise hotels and buildings around the world?

However, if you provide substantial services with your rental (like bed-n-breakfast, motel, hotel) you do have to pay this tax.

Hotels, gas stations, new homes, housing developments, you name it & it is being built.

Given that she had Chicago sign a contract for 2,000 hotel rooms at $175 per night (for Covid-19 victims), when hotel rooms were going for under $110 per night, I can only conclude that her administration is corrupt, too.

Any other type of CRE (industrial, office, hotels, retail) would kill for that return on average.

Look at monthly rates on Airbnb for MTR revenue...along with monthly rates at hotels (discounted or marked up depending on convenience, amenities, food, housekeeping).

I was absolutely amazed how many people were out vacationing, you can't even get a hotel within an hour driving distance of that island right now (maybe you can, but itll run at least $400.

However one of our exit strategies would be to partner with an OZ investor to do a hotel or apartment conversion.

That meant extra for hotels/food/fun while traveling.