Topic: Did a business proposal of paying 440 nights this Hotel for 1 BTC, October/2022 (Read 517 times)

I think the proposal of 440 nights for 1 BTC is a very reasonable offer financially (although I don't know if how similar it is to £18k, based on how much the hotel is per night and whether there are discounts for long-term stays). The hotel doesn't even have to risk it: if they don't believe in Bitcoin and the sum corresponds to payments for 440 nights, they can simply accept BTC and convert to GBP immediately. Or, they could take it and keep as their funds in BTC, likely enjoying profits by the end of the op's stay.
Oh wait, I just read the follow-up that it's about half of the price per night from the actual cost. Well, in that case, I wouldn't expect them to risk it, to be honest, so I am not surprised they said no.

Read your story with some interest. I actually might know of at least a few interested Bitcoin-based counteroffers in my country of residence for hotel stays of that long -- with perhaps an added incentive that your Bitcoin would be quite welcome in the local businesses there. It's not terribly far from you in West UK, just need to cross the channel (assuming you have at least similar rights of stay in the EU as in the UK). So if you're interested in pursuing this hit me up with a PM. I'm happy to even just point you in the right direction.

I think you made a pretty good offer. It's their loss if they reject or just ignore it. At least they could've negotiated about the length and price. It could be a big advertisement worldwide, I'm pretty sure all news outlets around the world would make this news. It could be a win-win situation for both Bitcoin and that hotel but they just didn't realize any effects of this. Well, you tried, enjoy your holiday. Maybe one day another hotel would accept that kind of offer.

I must say that the hotel is cheap enough, paying about $49 per night is so cheap. This might mean that you will not be given food and some other perks, which makes it unwise to me. In the first place, why are you staying further in a hotel? If not for fame or other important reasons, then it's not worth it. I believe this is the time for business-minded Bitcoin holders to hold on to their coins because of the rainy day coming in 2024.

Don't squander your reserve at a low price, be wise.

I think in the case of OP he was looking for a bit more stability, so I don't think they would appreciate moving around very often.

But I get your point, in terms of just holidays or having a good time, it might make sense to move around a bit.

I am also not sure how can one spend so much time in single hotel.

I would be more willing to spend it at different places, different cities and enjoy the different meals every day and night if I had to spend that much money.

We can always create history that way too. In fact that will cause versatile events to happen throughout let’s say England and show everyone the love of bitcoin.

The niche here does not seem to be enjoyment but creating some crazy event (?).

I don’t know I might be wrong.

But whatever you do, just enjoy since you gonna throw precious coin today which could be worth 100k by 2024.

I think initially he said of booking for 14 nights and was planning to book for 440 nights at the price of 1 btc with the current price. But the offer was rejected meaning he might go to another hotels for booking.

How i wish the offer was accepted, this would have been smart moved

Okay.. It's been 9days now O.P  posted this thread, so i will like to ask, is ther any update yet? Was your offer to pay for another 440 nights accepted or rejected? And by the way, what is the current hotel rate per night? Because I think that's one thing that needs to be considered before thinking of paying for a whole 440 which its supposed to have been discounted. Because 1 BTC is currently at $20k, of which $20,000/440 = $45 per night..
So my question now is, how much are you paying per night? Because you paying 1BTC for 440 nights, then that means the rate you are been charged is $45 per night.

Expected really. Not everyone is living in the future yet.

It is a great deal if they will accept the payment in bitcoin because it will make the hotel benefit from your long stay. The hotel will never forget you until someone else does something more than this as a customer. If they don't accept bitcoin ,you can convert your BTC to their fiat currency and pay for 440 days which you are willing to stay not to deprive you from your plans.

 If it was in my country then you will be the hotels best customer throughout your stay because its a good way of promoting the hotel. Sorry to hear that the manager didn't accept your negotiation, I love your idea of promoting BTC.

I hope you are OK with the period of days you paid with. BTC for because its not upto 440 nights. The only option is for you to be on the same page with the management, since the country is not bitcoin friendly, is converting your BTC to their fiat currency.

Sorry to hear that your offer was finally rejected, so are you going to checkout on the 4th of January 2023, or are you just going to pay them in another currency and extend your stay untill 2024, but i don't think that would make much sense because i feel you wanted to stay that long if you'll be paying with BTC (1 BTC) the whole time, except i am wrong with my thoughts. Are are you going to try some other hotel?

Their final answer was today. They said no, to my offer. And they did not offer anything else and did not show any will to negotiate it.
At last, they simply said: "No, sorry".

- remotemass

That doesn't make much sense,
they only accept bitcoin, if you convert it to first?

That's just ...like ..not accepting bitcoin, isn't it? 

It was a good deal and the reason why hotel management didn't accept the bitcoin as payment because it is not a legal tender so the person who receive the payment has to pay the taxes for it which is possibly a lot higher than the payment in the traditional way. If the management is interested in fame then they should go for this deal no matter its profitable or not because this is going to bring lot of attention about their hotel all around the world especially among crypto community.

Yes, my stay till the 3rd-4th of January 2023 was paid in bitcoin (with a third-party website). They don't seem particularly interested in my offer (though they agree with our arguments) and so far are still evaluating it and they did not give a final answer. Apparently, they will only accept it if I convert it to a national currency like GBP or EUR. But as I said, they did not provide yet a final answer and the manager is not even willing to negotiate it face-to-face, though he is here all day during the week, from 9 am till 5 pm. Anyway, since I was escaping a terrible situation to do with the social state and psychiatrists, this doesn't surprise me too much. Thank God, bitcoin can save us in such terrible situations. And I may end up in El Salvador having a great time and writing a book of memories. "Memories of a 100% maximalist bitcoin enthusiast (creator of the Bitcoin Morse ^{https://bitcointalksearch.org/topic/bitcoin-morse-143780})".

My latest business offer to them today was: 440 nights starting on 4th of January, which means check-out on the 19th of Match of 2024 (the Father's Day in Portugal) for the Bitcoin price in GBP as of today. Which, means about 40 GBP a night, about half the price per night, roughly).

Anyway. Whatever. Very, very, very typical ;-)



- remotemass

From everything that can be read, that hotel does not accept Bitcoin as a means of payment, and this last extension was apparently paid in the classic way. Therefore, your question is completely illogical, because if the extension was paid for with Bitcoin, then the hotel would have accepted the offer offered by the OP.

Was that extension paid with Bitcoin?

Hopefully we'll see a deal in the next couple of weeks, that would probably be a world's first.

I talked with the manager this morning but there is not yet a deal. Let's see.
In the meantime, I extended my booking and I can confirm that my booking at this hotel is now till the 3rd-4th of January 2023.

- remotemass

Well, in considering the duration intended for the stay i believe it's what the management could hold unto for the acceptance and through that they can also decided to make it more official and public that their hotel lodge accept payment in bitcoin digital currency, this will make then get easily recognized as well by many bitcoin enthusiast that can't do without lodging an hotel a week and the tourist ones within that region.


Actually they can consider acceptance on the fact that it's on dip, secondly they can also accepted bitcoin because it will always rises no matter the conditions over time, thereby in doing so, the hotel can hold their coins as an investment that will yield bountifully over a space of time.

In my country, I don't think any hotel would refuse this proposal. Regardless of how the price of Bitcoin fluctuates this is a big business deal. The hotel can even gain from this deal if they decide to keep Bitcoin until the bearish market emerge. Although it's up to the management to decide, having a hotel room booked for 440 days is uncommon. And OP's decision to celebrate this achievement is a great idea because Bitcoin needs all the publicity. Today I just got the news on this thread that Bitcoin is now in the Guinness World Record. This news might seem insignificant, but it has the tendency of attracting people to Bitcoin. I still have the expectation that more goodness about Bitcoin would keep occupying the media space.

 

Interesting story OP, it seems you have characteristics of a real pioneer. You are possibly the first person to attempt something like this, for such a long time.

I wish you good luck, please update the thread & share your stories during your (if successful) very long stay.

I think if the deal is made and payment is done, the hotel will exchange it for cash to avoid unnecessary loss if ever Bitcoin price crash in the upcoming months.  We all know Bitcoin is highly volatile and it will stay as is for several years.  It is also a practice of a business establishment to convert the payment if made in crypto in real-time.

It would be interesting to see what the hotel management's reaction to this.  I hope we can hear a positive reply from the hotel management.  @OP please keep us updated, thanks, and good luck!

At current prices, that's basically around $45 per night. That's quite cheap for a hotel, at least in a western country.

Even if Bitcoin goes 10x in a year, paying $450 for a night is not unheard of in some expensive places, like Iceland for example.

If they accept the deal it could bring in some free marketing though, so maybe they end up accepting it.

Well, they can just agree to take the whole bitcoin at current rate and then exchange that quickly so they basically get the $$ value from it which is around $19,000.

So, it's up to them if they'd be willing to go for negotiation to accept that 1 BTC and then they'll do the exchanging. It's not looking complex at all if the management knows how to do it.

How much is one night accomodation there? They'll have to compute it and for sure that some discounts will be applied if possible with that long stay.

For a hotel if someone wants to pay in front for a long stay it's even better because they'll have the money available for loan payments and investment right away. This is probably the best deal they can get so if they're fine with the currency they should accept it.


If we're talking about an upfront deal they'll sell it right away. Businesses don't care about price fluctuations because they have an instant cash conversion deal with a payment processor.

I seriously think it is a win-win offer for the hotel where you are staying in. If they go ahead with this deal, the amount of free promotion they will get, is priceless! It will be a very similar incident like the pizza one but this time, the promotion will be insane.

Who knows, multiple bitcoiners can also travel to their hotel in future. In a nutshell, the hotel management is lucky that they are receiving such offer for free promotion and one bitcoin too!

Bitcoin should primarily be a currency, and the more people practice it, the better it will be for greater adaptation. In addition, the OP may have a larger number of BTC and one does not mean too much to him, and perhaps from his perspective $19k is not such a bad price if he invested in it a few dozen $ or only a few hundred $.

If he wants to stay in a hotel for 440 nights paying with fiat, that's not surprising but he wants to use bitcoin to pay for it. But if the hotel can accept payment by bitcoin, they will probably allow it, but they may apply other rules because not many people want to stay at the hotel for long periods. But what about bitcoin price fluctuations that will occur for more than a year? Can the hotel accept it because we see that bitcoin prices are always changing and if that happens and bitcoin prices are at their peak, you can stay longer than you want and vice versa?

I wouldn't spend a whole bitcoin at these lows.

I also wouldn't spend a whole bitcoin just to sit in a hotel. If it was some tropical island during Winter, maybe, but OP is booking for Autumn and Winter in the UK. That's like the exact opposite of where I wouldn't want to be in those months.

Weird as it is, if they agree, I hope it gets media attention.

Are you using that streamer girl solely for optimization or is there more to it?

I don't know what to say, 440 days in a hotel is a bit strange for me, but obviously the OP has his own theory of the ideal vacation, in this case an extended one. In addition, it seems that he wants that event to become historic, and maybe enter the Guinness Book of Records as the longest stay in a hotel paid with Bitcoin.

---

I think that it has nothing to do with Bitcoin, but with what the OP mentioned next to his name, which is the so-called UBI (Universal Basic Income). As far as I know (and you probably know better) they, with their ideas based on ideologies, almost disappeared from the political scene after they got the chance to do something. I know how they work because we have an identical party in my country (they literally have the same name) and since they took over the capital, in a little over a year they managed to turn it into one big garbage dump.

Kind regards, Sir. I can't imagine how you are willing to make yourself so transparent here. Informing us of your location, booking a hotel for 440 nights with 1 Bitcoin or more, and the CEO of Cubic Postcode, I hope it's safe to do that.
In my country it's not so safe to be too open because it may attract some frauders and criminals around you.

However, your offer is good for the hotel, though, if it is considered. You will probably be in the hotel till 2024, which is the expected year for the next Bitcoin halving. Don't also hesitate to give feedback if your offer gets granted.

You may try your luck and see if it worked out that they accept bitcoin and in doing so, you have also increase the rate to bitcoin adoption in you own way, though i think the money in question is much and no hotel will not want to sign a deal of long term check-in like you've brought in, also consider it a fifty by fifty on chance of accepting this offer because some people or companies are yet to start the acceptance of bitcoin for their payments but giving a try is the first defeat on rejection, good luck.

The deal will be more interesting if the management agree in terms of bitcoin volatility; if the Bitcoin price hits 30k your duration will increase to 540 days and if it drops to 15k your stay will decrease to 340 days. 

If the management have known about bitcoin, surely they'll say yes to his request. During the pandemic several businesses ran out of money and some businesses (particularly food chain) survived as they had been accepting bitcoin for a long and kept specific part of the income as reserve. The price pumping that happened during the pandemic helped those manegement continue their business when many were shutting down.

The business of a Bitcoin standard

Pablo Iglesias? The Spanish politician? I don't know what he has to do with bitcoin. You made me search the internet and I don't see anything.

Well, keep us informed if you are allowed to pay with bitcoin, but I wouldn't mix such a controversial politician in this, especially when as far as I know he has nothing to do with bitcoin.

Hello good morning everyone! I am having a great time now in my holidays in South-West England.
I booked till the 31st of the current month, so my check-out will be that day, on Halloween 2022!

Bitcoin was literally what is allowing me to survive and escape the terrible circumstances and injustice I was living on (EURONEWS).

Today I did tell at the reception that I would like a face-to-face with the management to discuss the possibility of paying for another 440 nights, so till the 14^th January 2024, for a whole bitcoin (at the current price, 18-19/October/2022). If rejected, I could always go for booking it the same way I did these 13 nights of... Peace. 

I told them that I did not require that at all but that I was open for the press being invited to celebrate the deal and people like "Nayib Bukele" (President of 'El Salvador'), "Pablo Iglesias" (a great evangelist and advocate for Universal Unconditional Basic Income and the likes of bitcoiners and people like Ms Stacy Herbert and Max Keiser).

Please may you receive an invitation too, if the deal happens and ends up being historical and celebrated.

By the way, I am the creator of 'Cubic Postcode'. And I filled, in Great Britain, the patent GB2456000.
And no, I am not rich. I am saving money to survive and thrive!

>> - remotemass
>> daniel 'at ' sweetanita_com