Mmmmm 64 seems a tad bit ‘youngish’ for a retirement home unless there are underlining physical limitations. My opinion is better to own your own paid for place and not be at the whim of an outside facility. What if Holiday Inn decides to change its policy on such arrangements? If this works for him then so be it. I’m still working at 63 and want to maintain healthy lifestyle and habits through the retirement years. Nothing is guaranteed in this life so there’s that. Save for retirement and get out of debt.