My friend bought a loft house in Beijing. Found that the property right in the contract is the hotel. 40 years of property rights. What is the property right of the hotel?

Hotel property right is actually a property right hotel. This European and American country originated in the 1970s, and developers divided each room of the hotel into independent property rights and sold them to investors. Ordinary investors don't live in hotels, but entrust the hotel management company to rent the rooms in a unified way, so as to get the annual room profit dividend and get the free occupancy right given by the hotel management company for a certain period of time. It is a new model of tourism real estate combining investment and leisure vacation. In recent years, property hotel is also very active in China real estate market. At present, there are dozens of such hotels operating in the market. Many investors took a fancy to its low risk and rich return on investment, and made bets in succession. However, as a novel real estate investment model, its advantages and disadvantages are inevitable. The 40-year property right expires, depending on whether the actual property right of this hotel has reached 70 years. If not, renew the contract with the developer.