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JPTWAITE- 10-22-2009
APARTHOTEL - income split between owner and hotel
I wonder if people who own apartments in an aparthotel could help with the following - what is the normal split in terms of the room rate as between the hotel and the owner of the property? I am in the process of negotiating in relation to my apartment so it would be useful to know what others have agreed. From my own research it appears to be 50-50. Is this right?

winterfunman- 10-22-2009

All depends on what extra the aparthotel has , as if they have a spa , the hotel own it not you so you get usage , but they take more for it .... and same for other services , in door pool , out door pool etc

JPTWAITE- 10-23-2009

Thank you. The complex is suggesting they pay me 30% of the gross room rate + unlimited usage by myself (although I will have to pay "costs" (presumably elecricity etc) when I am using it). The facilities will be quite extensive, pool, gym spa, restaurant. Can you give me an idea as to whether this is within the range of reasonable rates?

winterfunman- 10-23-2009

Alot are 60/40 split in there favour so not usre , but if you have free use of facilities etc ...its as good as most i would say

philg- 10-23-2009

which development is it ?

tervido28uk- 10-23-2009

Tamplier are offering owners/management an 80/20 split.

JPTWAITE- 10-25-2009

It's St George's Lodge - thanks for your comments.

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