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.