A new trend in vacation home ownership provides the delights of a second home without the usual concerns. Condo hotels such as Bentley Beach, W Hotel and Residences, Fontainbleau II offer a range of benefits, from professional, no-hassle management to income revenue from highly flexible rental options. All in world-class vacation destinations. Picture yourself in a three-, four-, or five-star hotel – that you can call home.
Decide when you want to be in residence. Your vacation get-away is available when you choose. And then, when not at your home-away-from-home, utilize the rental program of your condo hotel. Maintenance and operation of your unit are not your concern: leave the hassle to premier hospitality firms. These professional management companies include Hilton, Starwood, Hyatt, Ritz-Carlton, and Trump International.
The management companies offer all the services you need to rent your condo when you are not in residence. They market the property and turn to their reliable reservation systems to manage the flow of guests. Once the guests arrive, the management company checks them in and out and responds to their needs. The result is a high occupancy rate … with about half of the rental revenue going to you.
Amenities of a condo hotel surpass usual condo developments. Remember, you have all the luxuries of a hotel at your doorstep: concierge, room service, fitness facilities, pools, brand-name spas, top-notch restaurants and location.
You and your guests are able to use your condo hotel when you choose. You decide who uses your vacation home and when.
Financing options may well fit your investment needs. Traditional financing is available, as is a range of loan options. Or avail yourself of a tax-deferral strategy like a 1031 exchange
. Remember, too, that profits on the sale of your condo hotel are yours to keep. Value of your unit is bound to increase, for the very reason you invested: enviable location, flexibility of use, premium management and wide-ranging amenities.
Miami Real Estate Learning Center
Condo Hotel Investment Option
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