Eyesore no more? Daytona Beach a " The former Desert Inn, once...
Since: Jun 14
#1 Jun 15, 2014
This is a good thing. Long an eyesore to the beach-side community, this hotel devolved into a seedy place that looked like it belonged in a third-world country rather than on one of the most popular beaches in the world. Good luck to the new owners. I hope this site can be restored and once again become a world-class hotel that will draw tourists for years to come.
#2 Jun 15, 2014
This was not an investment, it was a tax relief for the previous owner =keeping the money in local government- it was a tax deduction for renovations with costs compared against the construction estimates determined by the code enforcement violations for a hotel that no longer exists. Another tax deduction with an official use for conducting fire drills. Investing in this property is a high risk by reputation of the hotel & government officials advertising that point to stop any outside investments from coming in. It's recorded as a high yield investment under BBB credit rating that would include severe costs for an investor. The high yield investment can be used as a redesigned package in investment to avoid the credit rating matched against a pension fund. Official use of the property that went down as a write off was redirected into the fireman's pension and the property was torn down to avoid the tax write offs as legitimate deductions.
#3 Jun 16, 2014
correction will be torn down
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