Quote:
Originally Posted by WiredGuy
25% doesn't sound too unreasonable, especially if there's lots of onsite amenities that people can use like gyms, pools, restaurants, etc. Is 1 King West doing this concept, I thought it was strictly a mix of hotel suites and residentials (where the hotel doesn't manage the condos).
To me, it seems like a great investment opportunity, but only in an area where you can get high turnover, like Vegas for example. I don't see this being very profitable in Toronto by comparison in the winters but summers should do well, especially when there's a festival or indy.
WG
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Just came back from Vegas last week. A few hotels had that option, and I was thinking it would be the best place to make such an investment, rooms in Vegas are always booked
