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Old 01-27-2021, 06:39 PM   #65
#-3
#1 Goaltender
 
Join Date: Mar 2008
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Quote:
Originally Posted by Enoch Root View Post
Doubt very much they would agree to it for 10 cents on the dollar. Sure, their costs will be down, but not that much. Also, they have to cancel all those reservations, and those people will be pissed. There is a cost to that as well.

When someone buys an entire hotel, they usually do so at a premium, not at a huge discount.
Not sure where occupancy rates would be average out to. But there would also be a big drop in overhead, less house keeping, less front desk staff.... It wouldn't shock me to hear they were at 50 cents on the dollar.

You see it with VRBOs sometimes 3 days =$1000, 7 days = $1750, 4 weeks =$4500 or something like that. Still we are probably talking about $3M US for the booking, not sure how that compares to survivor basically owning a small island.
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