Live in a hotel?

CardBordWindow · 27-01-2012 09:34AM #1

A friend of mine and his wife were staying in a hotel in Waterford recently, and were saying that it only cost €29 each, including breakfast. This got a few of us thinking......would it make sense to live in the hotel??

Granted, the price set is per person sharing, but making the assumption that if you booked a room for 10 years +, the hotel might do you a deal, and leave it at 29 quid total. A €200,000 mortgage would give you approx 19 years in the hotel.

On top of this, think of the savings you could make:

No electricity bills.
No heating bills
Free parking
Free toiletries
No breakfast costs
Free house-keeping
Free gym membership (the hotel has a leisure centre)
Free wifi
Free refuse collection
No TV license bill / No TV bill

Other benefits:

You've a pub downstairs
It's in town, so no taxi fares
If you have a one-night stand, she won't believe that you live in the hotel
Fully furnished accomodation

Possible downfalls:

Laundry
Dinner (although, if you're in the hotel for a long time, you'll get to know the staff pretty well. I'm sure that after a while, you could easily be given access to the kitchen area)

Can anyone think of any other pros/cons, or is this just a mad idea??

galwayrush · 27-01-2012 09:36AM

Haven't you heard of the staying in a hotel as a permanent residence tax that's on the way?

Trevor Kent · 27-01-2012 09:41AM

Con:

Wouldn't be great for a family or someone with a disability.

Afther that I have nothing............

TheZohanS · 27-01-2012 09:42AM

You'd go stir crazy living in the same hotel for 10 years and the hotel wouldn't do you a deal of €29 each night. They make their money during peak seasons so you can rest assured you'd end up paying around €60 per room per night on average. Ring them up and tell them you've been put on a years contract down in Waterford and ask them for their best price.

ted1 · 27-01-2012 09:42AM

Having no kitchen would cost you big time.

CardBordWindow · 27-01-2012 09:45AM

TheZohan wrote: »

You'd go stir crazy living in the same hotel for 10 years and the hotel wouldn't do you a deal of €29 each night. They make their money during peak seasons so you can rest assured you'd end up paying around €60 per room per night on average. Ring them up and tell them you've been put on a years contract down in Waterford and ask them for their best price.

It wouldn't be much different than staying in a small apartment for years, only with less bills, and more comfort.

Trevor Kent · 27-01-2012 09:46AM

Anyone prepared to add up what savings would be made per month on those household bills mentioned in the OP???

jester77 · 27-01-2012 09:47AM

Not a chance. The longest I've spent in a hotel is around 9 months and you just go mad. You leave in the morning and you will do everything possible not to return until it's time to sleep. I've stayed in a few hotels that had their own kitchenette but it's a rubbish alternative to a proper kitchen. Plus it's very annoying when you have company and the cleaner walks in!

CardBordWindow · 27-01-2012 09:47AM

Trevor Kent wrote: »

Con:

Wouldn't be great for a family or someone with a disability.

Afther that I have nothing............

Legally, hotels have to be wheel-chair friendly.

Also,this option is obviously not for everybody!

GavRedKing · 27-01-2012 09:48AM

Theres a room on Daft.ie for a fairly good hotel in Cork.

Its up for €1800 a month, which if we take an average of 30 nights a month works out at €60.00 a night.

I dont think it represents good value though.

Edit : Its actually a 2 bedroom apartment.

http://www.daft.ie/searchrental.daft?id=1158565

27-01-2012 09:49AM

jester77 wrote: »

Plus it's very annoying when you have company and the cleaner walks in!

I hate when this happens at home.

It think most hotels have a maximum stay of like 45 days or something, it's probably to stop people actually living there!

CardBordWindow · 27-01-2012 09:50AM

jester77 wrote: »

Not a chance. The longest I've spent in a hotel is around 9 months and you just go mad. You leave in the morning and you will do everything possible not to return until it's time to sleep. I've stayed in a few hotels that had their own kitchenette but it's a rubbish alternative to a proper kitchen. Plus it's very annoying when you have company and the cleaner walks in!

Most hotels have a 'DO NOT DISTURB' sign that you can put up.

BrensBenz · 27-01-2012 09:50AM

Also,

No gardening
No maintenance, etc.

There may be financial attractions for you but, as someone who has been living in hotels overseas for almost a year (at employer’s expense) the hotel experience gets tired very quickly.

Noisy neighbours, particularly at weekends
Noisy staff, particularly in the early hours of EVERY morning
No lie-ins
Little or no storage space
No pets

But, if for you, these are not turn-offs, give it a go! Best of luck.

old_aussie · 27-01-2012 09:52AM

CardBordWindow wrote: »

A A €200,000 mortgage would give you approx 19 years in the hotel.

It would give you plenty more years if you add on the interest on a 2000,000 mortgage.

CardBordWindow · 27-01-2012 09:52AM

Deleted User wrote: »

I hate when this happens at home.

It think most hotels have a maximum stay of like 45 days or something, it's probably to stop people actually living there!

I'm sure if you went into the manager with a check, to pre-pay for 10 years + for a room, they could overlook this.

Immaculate Pasta · 27-01-2012 09:55AM

Is that you Alan Partridge?

stovelid · 27-01-2012 09:55AM

Room are cheap because nobody wants them at that time.

The minute you or anybody else started needing the room, you'd be paying a lot more than 29 quid.

27-01-2012 09:57AM

CardBordWindow wrote: »

I'm sure if you went into the manager with a check, to pre-pay for 10 years + for a room, they could overlook this.

Probably, but you'd want to be some gobshyte to pay up front for 10 years in a hotel! And, if you have that much cash available (€105,850), why the f*ck would you want to spend it on living in a hotel!

Sky King · 27-01-2012 10:03AM

Nikola Tesla and Howard Hughes spent considerable time living in hotels. I reckon it wouldn't be at all good for your mental health.

Davidth88 · 27-01-2012 10:20AM

Interestingly , I heard an interview of a chap who sold his flat in London and decided to live in hotels.

He was a journalist , so he could work anywhere there was WIFI/Internet.

He traveled the world living in hotels in Las Vagas , Florida , or wherever . He reckoned it has a lot of advantages and worked out a lot cheaper than having a flat in London if you include the council taxes/ water etc etc.

The downsides must be the lack of privacy , or no feeling of permanency .

I have traveled a lot for my job , and I think I would hate it TBH .

CardBordWindow · 27-01-2012 10:24AM

Deleted User wrote: »

Probably, but you'd want to be some gobshyte to pay up front for 10 years in a hotel! And, if you have that much cash available (€105,850), why the f*ck would you want to spend it on living in a hotel!

If you were buying a house, you'd pay up front. This is exploring the option of staying full-time in a hotel, using a mortgage.......like it suggests in the OP.
Also, you'd probably be able to negotiate a better price if you were paying a large lump sum.

CardBordWindow · 27-01-2012 10:25AM

Davidth88 wrote: »

Interestingly , I heard an interview of a chap who sold his flat in London and decided to live in hotels.

He was a journalist , so he could work anywhere there was WIFI/Internet.

He traveled the world living in hotels in Las Vagas , Florida , or wherever . He reckoned it has a lot of advantages and worked out a lot cheaper than having a flat in London if you include the council taxes/ water etc etc.

The downsides must be the lack of privacy , or no feeling of permanency .

I have traveled a lot for my job , and I think I would hate it TBH .

If you stayed in the one hotel full-time though, the lack of permanency would not be an issue.

chughes · 27-01-2012 10:34AM

Sky King wrote: »

Nikola Tesla and Howard Hughes spent considerable time living in hotels. I reckon it wouldn't be at all good for your mental health.

Closer to home I seem to remember reading that Ben Dunne Senior and wife and children lived in the Shelbourne (I Think).

It didn't do any damage to Ben Dunne Jnr's mental health, did it ?

27-01-2012 10:36AM

CardBordWindow wrote: »

If you were buying a house, you'd pay up front. This is exploring the option of staying full-time in a hotel, using a mortgage.......like it suggests in the OP.
Also, you'd probably be able to negotiate a better price if you were paying a large lump sum.

the house doesn't have a chance of going out of business though

lemme · 27-01-2012 10:42AM

I think there was a hotel in tallaght renting out rooms for much the same price as an apartment, with microwave/grill and fridge.

also other possible benefits - in house hookers.

CardBordWindow · 27-01-2012 10:43AM

bluewolf wrote: »

the house doesn't have a chance of going out of business though

Touché

foxyboxer · 27-01-2012 10:47AM

Sure didn't Richard Harris 'live' in the Savoy in London.

IIRC, some Hotels advertised rooms for sale a few years back. (circa £90,000)

27-01-2012 11:07AM

bluewolf wrote: »

the house doesn't have a chance of going out of business though

Precisely!

mikemac1 · 27-01-2012 11:12AM

Radisson in Galway has suites that are privately owned.

Owners lease them back to the hotel and let the hotel rent them out

But if you owned it you could certainly live there full time

Big Nasty · 27-01-2012 11:19AM

mikemac1 wrote: »

Radisson in Galway has suites that are privately owned.

Owners lease them back to the hotel and let the hotel rent them out

But if you owned it you could certainly live there full time

Beacon Hotel in Sandyford does this too.

Kintarō Hattori · 27-01-2012 11:19AM

In regards to some of the people who have lived in hotels (such as celebs, business people etc), they wouldn't be in a normal room. Most likely these people are renting suites/apartments within the hotel so it's a lot more space than most of us would ever have experienced in a hotel.

Live in a hotel?

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