As you may be reading the news, the biggest trend in the current real estate market is the huge number of condo hotels being built. However, before Donald Trump announced several new condom hotel developments several years ago, many people have never heard the word condo hotel. Its name seems to insist what constitutes it (half a condominium, half hotel), but I do not know much about the rewards to the condo hotel. Unlike traditional condominiums, Condominium Hotels offer several important advantages to owners and guests.
Benefits of owners:
The condo hotel is not only developed around the world, it is built in the most desirable place to imagine. There are several such as Hawaii, Florida, Las Vegas, New York, Belize, Dubai etc. Unlike ownership of Times wool and small entries, buyers at Condo Hotel purchase real estate. Who has no ownership in Hawaii or Belize beaches or Las Vegas strips? A person who knows that property is valuable from 5 to 10 years ... sky is the limit. In addition, the unit being developed has the charm of a luxurious resort such as a well-equipped kitchen, laundry room, dining, entertainment area, balcony with spectacular scenery. Because developers are currently offering this opportunity through the ownership of the condo hotel in such a highly desirable place, the owner expects a big appreciation for investment with better occupancy statistics to improve cash flow can.
Therefore, these properties are highly valued over time, but the owner can place the unit in the rental program and the owner can earn monthly income. This cash flow helps offset the mortgage payments and fees. And most importantly, this is all the hotel 's administrator can handle unit reservation, cleaning and maintenance.
Benefits of guests:
The guest at the condo hotel may be considered a person other than the unit owner, but it is not necessarily the case. Many of the condominiums will be permanent customers as owners can install permanent houses in the unit. In addition, the owner can visit as a quest at any time by not registering the unit in the rental program. Alternatively, the owner registered in the rental program can reserve the unit in advance. Regardless of who is in the room, owners and borrowers, they are all guests of the hotel. Also, one of the best benefits of a condo hotel guest is being spoiled as a guest. The condo hotel is a world class health club, pool, spa, daily maid service, full service business center, lush landscaping and garden, night club and gourmet restaurant, golf, shopping, 24 hour room service, private entrance volley Parking, concierge, doorman. Cosmopolitan in Las Vegas is building a 5 acre cosmo beach club on a true sand beach surrounding the pool on the 4th floor overlooking Las Vegas Boulevard! That's why, please dream, own a condo and borrow!
