Eyesore no more? Daytona Beach a " The former Desert Inn, once...
There are 3 comments on the Daytona Beach News-Journal Online story from Jun 5, 2014, titled Eyesore no more? Daytona Beach a " The former Desert Inn, once.... In it, Daytona Beach News-Journal Online reports that:The former Desert Inn, once considered one of the dirtiest hotels in the country, could be reborn next year as the most upscale hotel in Daytona Beach.
Join the discussion below, or Read more at Daytona Beach News-Journal Online.
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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