Friday, December 4, 2009
Condo Hotels Combine a Luxurious Lifestyle with InvestmentPotential
New Vacation Home Ownership option What could be more perfect than having a five-star holiday at a location reference point and receiving rent revenue whenever you're not using? Condo Hotels is the latest trend in real estate, combining a luxurious lifestyle and hassle-free ownership with investment potential. Then, as condo hotels differ from owning a traditional vacation apartment or condominium? These are not the typical houses second. They are fabulous condominium suites furnished apartments in some of the most famous hotels and resorts across the country. The properties are usually large, skyscrapers, luxury hotels operated by a big name like Four Seasons, Ritz Carlton, Trump Sonesta, Starwood, Hyatt or Hilton. Prices range from $ 200,000 to over $ 1 million for the properties. Condo Hotel revenue to cover the cost of property What are the owners of hotels for customers to rent their units? This is what makes the program so appealing. When owners are not using your unit, is included in the hotel rental program. Building name recognition of a hotel, advertising, whether national, centralized reservation system and management expertise, owners typically receive a higher level of rental income that would be a traditional holiday home. The revenue generated by their units to cover the cost of ownership. Best of all, the hotel management company is responsible for dealing with customers, and all cleaning and maintenance of hotel condominium units and common areas. The real attraction of Condo Hotels is the appreciation, while owners of the revenue from vacation homes, the most important factor from the point of view of investment is acknowledged. Condo-hotel units will appreciate at a rate much faster than a single family home and condominium in the same areas. Most condo hotels are bought directly from the major. With limited inventory, Condo Hotel units have been moving at the speed of light. In fact, most condo hotels sell pre-construction. Often, a large percentage of the units are reserved even before a single shovel of dirt has been overturned. And as in any other situation where supply is exceeding demand, condo hotel owners have witnessed significant appreciation in their units. World - Famous Resorts attract international attention most condo hotels are located in tourist areas in season. South Florida, including Miami Beach and Ft Lauderdale, is one of the hottest markets in the country. Orlando, Las Vegas, Myrtle Beach hotels and locations of some of the Caribbean islands are also popular condo. Recently, the city centers of large cities like Chicago, Boston and Toronto, have begun to see the rise of condominium hotels. Who's Buying? The answer, in short, is everything. That is, investors and tourists who recognize the appreciation potential of a revenue generator for the holidays. That the appeal is not limited to U.S. customers. The concept of condo hotels has had international appeal with buyers from Latin America and Europe competing with Americans for the best properties. More information about Condo Condo Hotels have a special charm in the market today due to the relatively low interest rates and a tumultuous stock market that has investors looking for safer alternatives. Investors who take the condo fall can enjoy all the amenities of a resort vacation in first class, while watching their investment properties appreciate. For more information on condo hotels including listings of available properties, visit www.condohotelcenter.com.
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