immotel

Immotel is a term that can refer to a type of real estate investment or a type of hotel. In the context of real estate investment, it typically describes a property that is not subject to the usual restrictions of hotel operations, such as mandatory management contracts or limitations on owner usage. These properties are often sold as individual units, similar to condominiums, but are intended for rental income, usually managed by a third-party company. Buyers of immotels benefit from potential rental yields and capital appreciation, while the management company handles day-to-day operations, marketing, and maintenance.

Alternatively, "immotel" can be a portmanteau of "immovable" and "hotel," referring to a hotel or lodging establishment. This usage is less common and might be seen in specific regional contexts or marketing materials. The primary distinction lies in the ownership and operational structure. Unlike traditional hotels owned and operated by a single entity, immotels, in the investment sense, allow individual ownership of units within a larger hotel property. This model aims to provide investors with the benefits of real estate ownership and passive income generation without the burden of direct property management. The legal and financial structures of immotels can vary significantly depending on the jurisdiction and the specific development.