How the pandemic made summer 2020 the summer of hotel buyouts for wealthy travelers - Business Insider

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How the pandemic made summer 2020 the summer of hotel buyouts for wealthy travelers

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.All-property buyouts, where one family or group rents out every single room, gained new urgency — and appeal — during the pandemic-constrained summer season.

When the rental period expired, the pandemic-era family unit didn't want to come back to the city. Instead, they started looking for an alternative in the country, ideally somewhere with a few more services and convenience – like a hotel. Not content to rent a room or a large suite, though, Bassichis opted to buy out an entire property.

"None of us want to be in a hotel with other guests, so sharing a place with other people that we know and trust is perfect, so taking over an inn is the ideal family vacation," Bassichis told Business Insider. That was several months ago. "This has replaced all of our summer trips and also their summer camps. We have tried our best to make the best out of the situation and make this a fun and memorable summer.

 

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