Hotel and apartment upgrades
Hotel and apartment upgrades were common in the current rental market. Taking Shanghai Jing 'an Hotel as an example, after a year of closing and upgrading, it was expected to complete the renovation and trial operation by the end of 2024. The original name "Haige Apartment" would be restored and transformed into a high-end service apartment. There were many factors that needed to be considered during the modification process. First of all, for buildings with historical and cultural value, it was difficult to modify them while maintaining the original architectural style. Jing 'an Hotel was built in the 1920s in an old Spanish style building. After many renovations, the renovation put a lot of effort into maintaining the original appearance of the building. In order to achieve the goal of "repairing the old as old", before the renovation project started, historical preservation experts were invited to conduct repair research on some of the damaged walls. It was determined that the exterior color of the building when it was built in 1934 was the original color of brown cement mortar. The white exterior wall was replaced with this historical color. In addition to retaining six ancient and famous trees, the garden lawn in front of the door was completely renovated to create a new water feature. The originally closed garden was transformed into an open pocket park. Secondly, from a market perspective, different types of hotels had different characteristics when they were transformed into apartments. Among the projects to transform hotels into apartments, middle-end hotels accounted for a large proportion (60% in 2023). Compared to high-end hotels and budget hotels, the structure of middle-end hotels was more similar to apartments, which could greatly shorten the transformation cycle, quickly put into use, and reduce risks. Moreover, the upgrade of the hotel apartment was also to adapt to the market demand. Some hotels were renovated and upgraded due to their early construction, outdated renovation, and aging service facilities that could not meet the requirements of the market for residential products. For example, Shanghai Huating Hotel, Shanghai Swan Hotel, etc. There were also situations where the "old hotel" withdrew after the contract expired and the "new hotel" took over. For example, the Hilton Hotel returned to take over other hotels after the management contract expired. In addition, there were also cases where companies acquired hotel projects for renovation. For example, Tishman Speyer acquired Pengxin Group's hotel project in the core area of Shanghai Wujiao Field. They planned to transform the original hotel into a new long-term rental apartment with about 300 units. Through in-depth renovation, they would provide rental units of different room types, equipped with upgraded bathroom and new kitchen.
Qinghuangdao Apartment Hotel
Qinghuangdao West Beach Seaview Hotel is an apartment-style hotel. You can make reservations by calling 0335 - 5380201, 5894812, or 153 - 6969 - 7580. You can also book sea view rooms in some hotels in Qinghuangdao through TikTok.
Pengcheng Hotel Apartment
Pengcheng Hotel Apartment has many branches. For example, Pengcheng Hotel Apartment is located in the International Convention and Exhibition Center branch. It is located in the Qianhai area of the exhibition bay, which is a key planning area of the city. It is directly opposite the entrance of the exhibition halls 12, 14 and 16 of the International Convention and Exhibition Center. It is a five-minute walk away from the exhibition hall. It is close to the Yanjiang expressway and the 12/20 subway station. The surrounding environment is beautiful, the transportation is convenient, and the living facilities are complete. The rating is 4.6 points. There was also a hotel in the Science and Technology Park in Nanshan District, which was located directly opposite Block 1C, Building 2, Dachong New City Garden. It offered a variety of room types, such as a luxurious business suite with two bedrooms and one living room, a luxurious twin room, and a super luxurious big bed room. The hotel facilities included paid parking, free internet, free wifi, and so on. "The Legend of Pengcheng" is equally exciting. Everyone is welcome to click and read it!
Meijing Hotel Apartment
Beautiful View Hotel Apartments started from a famous tourist destination, Hailing Island, Yangjiang, Guangdong Province, a national AAAAAs scenic spot. Its main business includes hotel management output, rental agency, OTA physical store, community and tourist destination delivery service, investment promotion and operation agency, scenic spot development and construction, etc. Since its establishment in 2015, its standardized service has won widespread praise from all walks of life. Now, it is continuously improving and improving its standardized style to attract customers to the society and provide consistent quality service. With the operation of the hotel apartment as the foundation, Meijing Hotel and Apartments deeply cultivated the tourism destination and gradually moved towards refinement. The operations, consulting units and direct sales on behalf of them were in a leading position in many dimensions such as OTA review scores, owner satisfaction, guest satisfaction, etc. At the same time, they combined Ctrip's physical OTA customer source and other tourism destination service resources to create differentiated and comprehensive services for the hotel management. There was also the Apartament Bonita Vistas, located at 2 Calle el Palomar 2, 20.1 km from Gijón, about a 23-minute drive. It provided wireless internet access in public areas, multi-language staff, diving and other programs, and an elevator, but no reviews.
Shanghai Guojinhui Hotel Apartment
Shanghai Guojinhui Serviced Apartments was meticulously built by Sun Hongkai Real Estate and was the leading comprehensive development project in Lujiazui. It was located in the financial and trade center of Shanghai, Lujiazui. It was a modern high-tech office building, a high-end shopping mall, a top international luxury hotel and a service apartment. The total floor area was more than 370,000 square meters, and there was a three-story parking lot with about 2,000 parking spaces. The design concept was "contemporary mansion" and there were many types of apartments, such as a one-bedroom apartment with a floor area of 71 square meters and a one-bedroom suite with a floor area of 95 square meters. The apartment had a variety of features and facilities, including central air conditioning and heating, wireless internet, telephone function, fully equipped kitchen, home entertainment system, etc. It also provided 24-hour front desk reception, room cleaning, towel and bedding change services. In terms of transportation, it was close to the subway line 2 Lujiahui Station (exit 6, about 2 minutes walk to the hotel), and there were bus lines 799 and 971 around. From Shanghai's airport and train station, you can take the subway or taxi to the apartment. The distance and transportation cost vary according to the departure point. For example, the distance from Shanghai's Pu Dong International Airport is 37.5 kilometers. Take the subway line 2 (in the east direction of Xujing), get off at Lujiazui Station (exit 1), walk about 470 meters, and take a taxi about 145 yuan. The apartment won the "Luxury Serviced Apartment of the Year" award in the 2021 TimeOut Magazine City Style Awards. The novel "Dream Chaser's Half Dream Residence" is equally exciting. Everyone is welcome to click and read it!
The lobby of the apartment is occupied by the hotel
If the lobby of the apartment is occupied by the hotel, it can be solved through the following methods: 1. Negotiate: Both parties will try to negotiate first to see if they can stop the hotel from occupying the lobby and restore it to its original state. 2. Lawsuit: - Prepare an original copy of the complaint and submit copies according to the number of accused (hotel); - provide proof of the party's qualification (including the plaintiff, the defendant, etc.); - provide evidence that the court has jurisdiction (if the defendant's registered permanent residence is not in Bao 'an, a certificate that the defendant has lived in Bao' an for more than one year must be submitted, and the certificate shall be issued by the local police station or the neighborhood committee); - Other relevant evidence. It was also possible for the owners to sue the hotel to return the lobby to its original state. 3. Find the neighborhood committee to resolve the dispute: You can ask the neighborhood committee to come forward to mediate the dispute between the hotel and the apartment. From a legal point of view, being occupied by someone else (in this case, the apartment lobby) was equivalent to encroaching on other people's property. If they refused to return it, they might be involved in legal responsibility. If the owner of the house (the apartment) did not agree to the other party's stay, but the other party refused to leave, it would be the crime of illegal invasion of the house (the apartment hall here can be compared to the concept of the residence-related area), which can be dealt with according to the relevant provisions of the Criminal Law of the People's Republic of China. However, it is recommended to consult a lawyer for more accurate legal guidance.
What does a hotel apartment mean?
A hotel-style apartment was a multi-functional apartment that combined residence, hotel, and clubhouse. It had two functions: " self-use " and " investment." In essence, it was still an apartment. It integrated the service functions and management mode of a star-rated hotel, and also had the characteristics of an office building in the information age. The communication conditions were good, and it could provide business services such as secretaries, information, and translation. The buyer owned the property rights of the unit and could live, rent or resell it. It was a comprehensive property that had both professional hotel services and the privacy and unique lifestyle of a private apartment. Its related businesses included service apartments, white-collar apartments, start-up apartments, youth SOHo, youth inns, etc.
Beijing apartment hotel monthly rent
The monthly rental prices of Beijing apartment-style hotels varied greatly. For example, Gaobeidian No. 9 apartment, the rent price of one bedroom and one living room was 2300 yuan per month, while the rent price of four bedrooms and three living rooms for the new high-end administrative apartment in Beijing was 190000 yuan per month. There were also some high-end service apartments, such as the Wanhao Executive Apartment, which cost tens of thousands or hundreds of thousands. For example, the monthly price of a 110-square-meter apartment in Shanghai was 65000 yuan. In addition, there were also some cheaper options. The price might be around 1,000 yuan, but the monthly rental price of different apartment hotels in different locations and grades would vary greatly.
Why rent a house instead of a hotel-style apartment
There were some disadvantages to hotel-style apartments, which was why many people did not choose to rent hotel-style apartments. The cost of living was higher than that of ordinary houses, and property fees and utility fees were charged according to commercial standards. The floor area ratio was high, and the corresponding service facilities were difficult to keep up. Moreover, hotel-style apartments could not be settled in, had no gas, and the staff might be messy. For some tenants, the living experience might be poor, so many people did not choose hotel-style apartments when renting.
Is it reliable to entrust an apartment-style hotel to rent back?
There were certain risks and uncertainties in the rental of an apartment-style hotel. It was not easy to determine whether it was completely reliable. On the one hand, there was a positive side to some successful cases. For example, Runhua Jade International's hotel-style rentback apartment had the backing of the brand. Runhua Group had many years of successful development experience in the local area. The apartment was located in the core area of the eastern part of the city. The surrounding facilities were complete. There were municipal units, schools, hospitals, parks, and other resources, which could attract many tenants. Moreover, the project's self-sustaining commercial district could also increase the attractiveness of tenants. Under such circumstances, hotel-style rent-back apartments relied on professional operational capabilities to avoid the trouble of renting for the owners, avoid zero income during the vacant period, and allow the owners to have stable rental income during the signing period. At the same time, they also provided value-added services such as butler services to help the real estate increase in value. On the other hand, there were many risks. For example, Zhangjiajie Country Garden Purple Golden Flower Hotel, although the contract agreed to return the rent at a fixed rate of 8% of the purchase price, but the hotel broke the contract in 2023, not only did not pay the rent on time, but also reduced the rate of return, causing the owner to be in trouble. In the case of the Impression Hotel in Qing Dao, after the leaseback was over, there were problems such as the management fee could not be negotiated between the hotel and the owner, and the hotel forced the owner to accept the price of the management fee by controlling the use of the elevator. In addition, in the case of rent-back purchases in Greece, the intermediary may default on the payment for various reasons. It was also common to pay only the first year's rent and then not fulfill the contract. In summary, the rental of an apartment-style hotel may be risky due to poor management of the hotel, market changes, loopholes in the contract terms or non-standards, etc. The investor needs to carefully consider a variety of factors, such as the reputation of the developer and operator, the strictness of the contract terms, the stability of the market, etc.
Do the police check the hotel-style apartment a lot?
The frequency of police checks in the hotel-style apartment was affected by many factors. From the perspective of public security management, during the summer public security strike and other specific public security maintenance operations, such as the "Qinghai No. 7" concentrated investigation operation of Huaian City Security Bureau Qingjiangpu Branch on August 9 - 11,2024, it would focus on areas where emerging industries such as online booking rooms and hotel-style apartments were concentrated, and strictly investigate all kinds of illegal and criminal activities to maintain public security and order stability. Jieyang City's public security department would also focus on apartments and hotels with frequent criminal police cases to carry out precise patrol and inspection operations. This meant that under specific security maintenance needs or during times of high security, the inspection of hotel-style apartments would increase. In terms of safety management, in order to prevent fire accidents and other safety issues, various places would also carry out safety inspections for hotels and apartments. For example, in order to prevent fire, the railway station street of Ganzhou District carried out special surprise inspection on hotels and apartments within its jurisdiction; Gaojiayuan Community, Dongcheng Street, Salt Lake District, cooperated with relevant departments to carry out safety inspection on apartments within its jurisdiction, focusing on the inspection of fire-fighting facilities, electrical line safety and other aspects. If there were any safety incidents or safety risks in the area, the possibility and frequency of inspections would also increase. In addition, when it came to the investigation of specific cases, such as crimes, accidents, etc., the police would check the relevant records of the hotel-style apartment, including check-in records, visitor records, surveillance videos, etc. However, this action must follow legal procedures and protect personal privacy. In general, it was not easy to say that the police checked the hotel-style apartment more or less. It was related to the local security situation, safety needs, whether it was involved in a specific case, and many other factors.