Catherine Chan, Chief Development Officer of Hotel101 Global Pte. Ltd., and Jane Wang, Director of Sales & Strategic Partnerships APAC, along with Donald Klip, Co-founder of Global Mortgage Group, provided valuable insights in this webinar, which highlights the exciting investment opportunities available through Hotel101. The session explored why investing in a hotel unit with Hotel101 is a compelling option and what sets this venture apart in the real estate market. For those who couldn’t attend, the recording is now accessible here.
During the session, Catherine Chan (CC), Jane Wang, and Donald Klip, addressed a variety of inquiries, offering informative responses to help investors make informed decisions about investing in Hotel101.
Remarks have been edited for clarity and brevity.
1. Could you tell me which countries will be next? When will we know?
CC: We have plans to be in 25 countries in the next few years. Specific details or timelines were not disclosed, but if anyone has potential projects or land, they are encouraged to come forward.
2. Can I reserve my own room, or is it always rented out?
CC: Yes, you can reserve your own room, but most owners don’t mind which specific room they get, as they are more focused on being able to use the hotel.
3. Can ownership be under a U.S. LLC, offshore company, or family trust? And can the revenue be sent anywhere globally?
CC: Ownership can be under a U.S. LLC, offshore company, or family trust. However, the speaker advises consulting a lawyer or accountant for tax implications.
4. Must the room be rented out? Is it possible to purchase it for personal use without renting it out at all?
CC: The room doesn’t have to be rented out, but the cost is nearly double for personal use without renting.
5. How do you decide which units to rent out? Will we be informed? There is a possibility that we might end up with 15% of unoccupied units, right? What happens then?
CC: All units share revenue equally, regardless of how often they are rented. You can choose your unit, but it doesn't affect revenue share.
6. Are there different-sized units available for purchase, or are all units the same size?
CC: All units are standardized at 21 m².
7. Can I select units that are frequently booked, such as those with sea or mountain views?
CC: While you can choose your preferred unit, it doesn't affect revenue share.
8. What is the typical occupancy rate near Hotel101 Madrid?
CC: The occupancy rate is in the high seventies, with peaks up to 95% during events.
9. Does the 30% revenue share apply to room rent revenues only, or does it include hotel revenues like F&B as well?
CC: The revenue share is based only on room rental revenue, not F&B.
10. Can the unit owner sell the unit in the future? Are there any restrictions?
CC: Yes, you can sell the unit with no restrictions, but the company has the right of first refusal.
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