Definition of "Botel"

Beth Ann Muehling PLLC real estate agent

Written by

Beth Ann Muehling PLLCelite badge icon

Xena Vallone Realty Inc

What is a botel?, you ask.

You know hotels, right? And the marketing denomination of them to motorists; the "motel”.

Well, the best botel definition is “hotel for boats”. Yup. It’s kind of silly, right? But it is what it is.

Botel is how it’s been called the service of guest accommodations offered by some marinas to mariners all over America. A botel (sometimes called “Boatel”) will feature facilities designed for boats, like gasoline pumps, docks and marine gadgets.

Increasingly, however, people have been using this “botel” definition when referring to one single ship that serves as accommodation for travelers, like a novelty hotel. It’s a new trend that’s been picking up steam – especially with airbnb renting and privately owned yachts - with purpose-built or converted watercraft ships, big or small, that are permanently moored or spend part of the time taking guests on tour - in a way, a cruise ship can be referred to as a boatel, because you use it as hotel aside from its use of transportation.

Real Estate Tips:

If you’re into alternative housing, check The Non-Traditional House Battle; you’ll be amazed to find how houseboats did!

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Also called interim financing. A mortgage that provides the funds necessary for the building or construction of a real estate project. The project can be a residential subdivision, a ...

Represents a means of appraising a building by simply multiplying its square foot cost by the total amount of square feet in the structure being evaluated. Two or more buildings may then be ...

The total return from holding a real estate investment for the holding period of time. The computation follows: For a mutual fund investing in a real estate, the return is in the form ...

The practice of acquiring land for a future use. For example, a franchising company is projecting rapid nationwide expansion over the next five years. In order to prepare for the expansion, ...

Unincorporated combination (roll-up) of limited partnerships in a real estate together as a group. It is usually more comprehensive, financially sound, and marketable than individual ...

One who has died with a valid will in effect. ...

a rental in which the lessor pays all operating costs such as taxes, utilities, insurance, and maintenance. It is usually a short-term lease and a common arrangement. Typically there is no ...

The definition of a service fee or brokers fee in real estate is a flat fee paid to a real estate agent or broker in addition to the commission for the sale or purchase. This is to cover ...

People say time is money. The old-age cliche applies more than ever in our case as we define what the Time Value of Money (TVM) means.  You’ll find the term time value for money ...

Popular Real Estate Questions