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Owning seven rental properties puts you squarely in the "small business" category by any definition. Big companies like Marriott have well over a million hotel
by santoshalper 9y ago
Owning seven rental properties puts you squarely in the "small business" category by any definition. Big companies like Marriott have well over a million hotel rooms spread over thousands of properties.
- lotsofpulp 9y agoThe vast, vast majority of "Marriott's" hotel rooms are actually owned by investment funds, or smaller investors/groups who own 2, 5, 10, 15 hotels. Marriott/Hilton/IHG/Choice/Wyndham are all similar to Airbnb in this aspect, they do not own the real estate, they just provide the platform to the real estate owners to rent the rooms on and provide the branding support in exchange for 7% to 15% royalty fees.