Thanks fat_lazy……That was very informative and your handle is certainly a misnomer!!…
I actually have a condo-hotel in a ski resort that I bought 5 years ago that has positive cash flow with 25% down that I am happy with…..So I am not foreign to the concept but at 440K for a studio making any kind of positive cash flow would need an average room rate of around 300/night (realistic for a 5 star hotel) but I would also need maybe 80% occupancy, which I think is a bit of a stretch…
You can’t get all the fees in advance, because of compliance/regulatory issues that prevent them from discussing the exact nature of the management split (don’t ask me why)..It was the same way with my other place…..
