NEW YORK: The five hundred and twelfth entry for the seniors housing Global Awards 2016 has been received.
For people who can’t afford rent, let alone buy their own apartment, what’s the best recourse? Get placed in a housing project? Sign up for a housing lottery? How about a hotel for seniors housing?
Rhea Silva is the 24-year-old founder of Chototel, a chain of super-budget hotels where the price per night can range from $2 at the cheapest to a surge price of $5 at its most expensive.
Her company is piloting four hotel buildings in Nagothane, a small Indian town about 72 miles outside of Mumbai. The first is opening next month, while the other three are coming in the following four months. Each building holds 60 flats each.
Each of the flats, as seen in the renderings below, is outfitted with a loft bed, closet space, sink, and a TV.
