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Victoria Purchases a Hotel with 100 Similar Rooms

Question 18

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Victoria purchases a hotel with 100 similar rooms. To help finance this purchase, Victoria sells these rooms to individual investors for $200,000 each. An investor who owns a single room receives 55% of 1% of the revenue of the hotel (i.e., 0.55%), while the hotel retains the other 0.45%. An investor who wishes to liquidate his/her investment may sell his/her room back to Victoria for the original $200,000, but cannot otherwise sell the room to other parties.
Identify all the financial assets involved in the above situation.

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An investor buying into Victoria's hotel...

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