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A villa in Italy can easily cost you 6 figures a year while it sits empty 10 months a year. A hotel is the holiday home that pays its own staff.
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Transcript
Why are billionaires suddenly buying hotels? We sell hotels across the South Of Europe. And this year, many of our buyers worse billionaires who want to buy a hotel instead of a villa. Let me explain why. One of them, let's call him James, sold his company in The US and was planning to buy a villa in Italy. But when James did the math, it turned out that a housekeeper, a pool guy, a gardener, and a caretaker 6 figures a year better he's there or not. So instead, James bought a hotel with us. Same feeling as a villa better with a lot more services. A restaurant downstairs, a place where he can host 20 friends, a spa with staff on-site, and he could even produce his own olive oil. But the staff are being paid by the guests instead of by James. And even at a three percent return, my clients are happy. And the hotel pays for itself, and he stays for free. And if you go one step further, you can even choose to add a villa next to the hotel, which the hotel services when you're not there. And then there's the exit tax, which a hotel can help you get around, but that's for a different video. So would you buy a villa or a hotel?