Quote:
Originally Posted by We vs us
This is a really interesting question. My hotel is a tower of several hundred rooms, all of which are under a single pricing entity. We have control of ALL of our inventory, and can decide when to drop rates, or increase rates based on market demand.
With the Natiivo, you have theoretically 249 one-room hotels trying to undercut one another for occupancy (though, on a given night, there's little chance that every unit is going to be for rent). Very interesting experiment.
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Except that most of the owners will likely rent through the building management, because that is what makes this more attractive than owning a condo or house for the sake of renting it out when not in Austin. So the vast majority of units will likely be under a single pricing entity as well.
I see this type of development being attractive to people who plan to spend a substantial amount, but not full time in a given city. Say, 6 months in one location, and 6 months in another.