Definition of "Botel"
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.
If you’re into alternative housing, check The Non-Traditional House Battle; you’ll be amazed to find how houseboats did!
Popular Real Estate Terms
Generally speaking, the meaning of warehousing refers to the act of storing assets and keeping a physical inventory expecting a sale or distribution of goods at a later date. Warehousing is ...
An accounting methodology for separately depreciating individual parts or elements of a building or improvement qualifying as business use or a depreciable asset under the IRS tax code. ...
Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchiser's name. The franchisee must pay a franchise fee for such right. In addition, the ...
Time period for which one expects to keep property such as a real estate investment. ...
payment of a debt before its due such as a mortgage payment or insurance premiums. ...
The definition of alienation clause is the transfer or sale of a particular property or asset that can be applied once the owner has no more financial obligations to said property or asset. ...
Arrangement the insured and insurer share on a proportional payment for a loss. ...
Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...
Real estate business owned by one person having all the rights and obligations. ...
Have a question or comment?
We're here to help.