You can convert a hotel, hostel, villa or even a motel into a living space relatively easily. However, what this shows us is that hotels with a subscription model are something we're likely to see more of in the future. One of the images is a pool, of course. There is ALWAYS a pool. You can't build a sustainable business with a 5-bedroom villa.
This model is good for climbing in a place that has a sufficient influx of digital nomads. However, it's important to keep in mind that working together and living together are two different types of businesses and are much less complementary than most people think. Renting apartments was exactly my first approach to living together. My plan was to rent several apartments in the same building, but I couldn't find the opportunity to rent apartments within a small radius of 500 meters.
Student Hotel is one of my favorite concepts, as it cleverly combines several concepts into a healthy mix. I once attended a convivial meeting in Amsterdam where someone from The Student Hotel gave a presentation about their hybrid model. A living space is a flexible shared living space. It is a type of accommodation for digital nomads who share similar interests and experiences.
They increase the experiences they share by living in these common spaces and helping each other in every way. In short, a place that becomes your home for a long period of time. A space that meets all your requirements to be part of a community, where you can share, live new experiences, establish contacts and develop professionally, such as Homiii, our coliving for students and young professionals between 18 and 33 years old. We have more than 500 rooms in Madrid and Getafe, so the network of contacts, the customer profile and the experiences that are lived are very interesting.
Usually in this type of traditional space, the periods of stay are somewhat longer (minimum 3 months) and can be extended much longer if the client requires it. Cohabitation retreats aim to provide a community experience for those who need to get away from the routine and work in a much quieter environment. In this way, digital nomads can escape for a few days to a retreat where they can work and meet other people with similar interests, thus increasing their network of contacts. It's a great way to meet people and get away from the hustle and bustle of a big city.
Participating in the activities of digital nomads to find a space for living together is also a very good method. Among the mountainous landscapes, you will fall in love with this space of coexistence in Ecuador, rich in culture and history. Here, you can ask the members of the group what are the best places to live together and find the best ones in the area you are going to go to. Together, these three factors (demographic changes and lifestyle factors, an evolving definition of work, and a responsive real estate market backed by investors who are capitalizing on reduced risk and quick profits) have made the business models behind these coworking and coliving spaces much more attractive and able to meet the demand for physical locations where single workers can connect with others, achieve their professional goals and live the life they want.
There are some hostels in very expensive cities that call themselves a space for living together, but they are only hostels where you can stay in the medium term. Made in one of the most beautiful places in Thailand, this living space will offer you everything you could want. Some types of properties, such as student residences, are more likely to be a cost-effective living space due to their distribution and the ratio between rooms and common areas. We will now list the best options for you to find the best living spaces available in many places around the world.
Rest assured that the best living spaces that we will share with you in this post are home to some of the most beautiful landscapes in the world. In addition, hotels usually have quite a few common areas (lobbies, meeting rooms) that are not used often, making them suitable spaces to transform them into a co-working area or a space to relax. Think of them as if they were renting an apartment month to month, but that apartment is a room in a space for coexistence. They have focused on start-up programs for founders traveling from abroad, but I'm not sure if they're still functioning as a space for living together.
But that middle and low season is actually an opportunity to make hostel ownership profitable as a living space.