Condo hotels offer luxury and Great Investment Potential

Not Your Typical Vacation Home

What could be more perfect, that the possession of a luxury holiday home at a landmark resort and rental income if you're not using it? Condo hotels are the newest trend in vacation home ownership. To live in it, if you're there, rent if you are not.

Just as condo hotels differ from owning a traditional vacation apartment or condominium? These are not the typical second homes. They are well-equipped condominiumsSuites in some of the most popular hotels and resorts across the country. The properties are generally operated large, high-rise, luxury hotels with a big name like Four Seasons, Ritz Carlton, Sonesta, Hilton and Starwood. Prices range from $ 200,000 to over 1 million U.S. dollars for top properties.

Generate revenue to defray costs Mortgage

How do condo hotel owners find tenants? This makes the program so appealing. If the owners are not using their unit, it will put in rentalsProgram of the hotel. While you will be by the name of a hotel, advertising, national affiliations, centralized reservation system and management expertise, unit owners typically a higher rental income than they would a traditional holiday. Plus, the hotel takes care of dealing with the tenants, as well as all housekeeping and maintenance of the condo hotel units. Talk about hassle-free!

The real-chamber is the condo hotelsAppreciation

While it is nice to rent to get to your vacation home, is all the more important factor from an investment point of view of their gratitude. Condo hotel units have been in a much appreciated faster than single-family houses and condominiums in the same fields.

Most condo hotels are bought directly from the developer. Given the limited inventory, condo hotel units have been moving at lightning speed. In fact, almost all sold out condo hotels in pre-construction,long before even a single shovel of dirt was removed. And, as is the case in any situation where supply is greatly outstripped by demand, condo hotel owners have been seeing tremendous appreciation in their units.

World-Famous Resorts Attract International Attention

Most condo hotels are located in seasonal resort areas. South Florida, especially Miami Beach and Ft. Lauderdale, is one of the hottest markets in the country with world-famous properties likeThe Fontainebleau, Canyon Ranch Living and Trump International at the top. Las Vegas and some of the Caribbean islands are also popular condo hotel destinations.

Who is buying? The answer, in short, everyone. That is, investors and holiday makers to recognize the value of the revenue-generating potential of the holiday home. This complaint is not limited to U.S. buyers. The concept of condo hotels has an international appeal with buyers from Latin America and Europecompete for the best properties.

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