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
Secondary written agreement to purchase real property in the event the initial contract is not signed. ...
Transfer of title based on a preceding title transfer of conveyance. A derivative conveyance increases, ratifies, moderates, renews or transfers the stake created by the original ...
Recording an expenditure having a benefit of more than one year to the cost of the property. ...
Same as term graduated lease: A rental stipulation a varying rental rate. Rental rate are determined tied to periodic appraisals or an inflation or an inflation index. The provision is more ...
Right of a property owner located adjacent to an airfield to use the airspace above a certain distance to fly an airplane. However, the owner may not be allowed to put structures, signs or ...
A four-unit building with four tenants in a condominium type of ownership and management. ...
Lease agreement having level payments during the contractual period. It does not have an escalation clause to allow for increased costs due to increases in inflation, taxes, or other ...
Notion that a buyer should not pay more for a property than it would cost to buy at current prices for land, labor, and appraisals. ...
Generally, the escalation clause, often known as the escalator clause, means a provision in a contract enabling an upsurge in prices, bids, or wages. You must understand that they come into ...
Have a question or comment?
We're here to help.