How About Investing In Serviced 🏬 Apartments?
Pros & Cons Of Investing In 🍽 Serviced Buildings (Hotels/Apartments)
What are serviced apartments?
'Serviced Apartment' is the umbrella term for a type of furnished apartment available for short-term or long-term stays, which provides amenities, housekeeping and a range of services for guests and where most taxes and utilities are included within the rental price.
First of all, we need to understand the concept behind serviced apartments - basically, the term has been coined since long now, but the investment options have popped up in last decade only. In early days either one of the big investors come up with the idea and develop a building from scratch OR convert an existing building into serviced apartment which is almost a stripped down version of a hotel (most of the time). In some instances, multiple investors pool the fund to realize the project….
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