We all know the deal with Leaseholds. If we allow the landlord's unwillingness to assist (and why should they if they don't have to) to stop us from making renovations, then we would go broke. Improvements should bring better income and occupancy and therefore a better sell price.

Too many owners just run their leasehold down, steal the cash and sell for peanuts. We spent about $350K on our last leasehold. We made up the spend when we sold and we benefited financially along the way. We are about to do some work on our new place and will increase the rates accordingly.

There is no place for poor quality motels. And no need to sell rooms for peanuts. We are business owners and we are here to make a sound profit and investment.