Newby Posted April 10, 2015 Report Share Posted April 10, 2015 Dr, and everybody else, I am planning to buy a room in this hotel: http://mbisalesltd.com/heritage-hotel/ I would get the leasehold (for 125 years), a contractually guaranteed yearly income of about 10% of the purchase price, and a "safe exit", i.e. the developer will buy me the flat for 125% of the purchase price. So it seems a safe investment to me. But there is usually a bad name about buying hotel rooms, so I am a bit wary. The argument I usually hear is that there is no way to sell the room, if you want to. But in this case the owner promises to buy back the room. The owner, Mbi, owns the freehold of the property. What do you think? Should I stay away, or should I give it a go? The investment is GBP35,000 (HK$405,000) so it's not the end of the world, but of course I don't want to lose money. Thanks! Link to comment Share on other sites More sharing options...
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