On the airplane going home, you might have found yourself making a wish, after you spent great days in the perfect beach hotel you went to for a vacation, that this would be your home. This is no longer a mere wish. You can now own a sweet hotel room of the wonderful hotel which is located at the hot tourist attracting spot. New trend is called Condo Hotel, allowing the investor to buy units as if they were condo units, the sold units could be rented like hotel rooms whenever their owner is not using.
The concept of the Condo Hotel helps the developer reduce hotel development costs by sharing the costs with unit owners who bought units and this seems attractive to the developer as the development costs increase nowadays. The owners of the units can also have a return as their units are rented and bring revenues. Professional Hotel Management Company handles and manages hotel units, service of the properties, and amenities as well as provides guest services. The unit owners can decide whether they would participate in the property’s rental program and sharing in the revenue. If they decided to do so, their units will be managed by experts, will give the owner higher level of rental income than owning and operating a traditional vacation home because Management Company will surely use their capital to advertise the hotel and to make reservation systems and centralized management systems, chances are, more guests will visit.
Condo hotel is different from the typical seaside villa or vacation home or summer cottage. Its fascinating condominium suites in some of the most famous hotels, with access to all luxury amenities and numbers of hotel properties, ranging from full-service spa and fitness centers to fine dining restaurant, are something that we cannot find in ordinary seaside villas.
Unit owners can pick up any time when they want to stay their units in a year. Unlike timeshare, where the owners are allotted time when they will use the units and the schedule hardly changes, Condo Hotel unit owners can adjust quiet freely since they are the owners of the units. While timeshare is difficult to resell, Condo Hotel unit is often considered as valuable commodity because of hotel’s fine location, upscale service and quality, thus readily resold.
Condo Hotel prices vary based on location, size, features and amenities. They typically range from $300,000 to over $1 million for prime properties. It is more expensive than usual condominium units but the merit of owning the Condo Hotel makes its prices worthy.
Condo Hotel is a new form of vacation ownership where people can buy a hotel room like a condominium unit. The hotel room they bought can be rented when the owner is not using, with the owner’s permission. Professional Hotel Management Company will handle the units with expert management system and will make a profit which is to be shared with the owners. With assess to a lot of amenities and leisure facilities, they can spend valuable time in their Condo Hotel whenever they want to. It is a new trend of hospitality industry.
The concept of the Condo Hotel helps the developer reduce hotel development costs by sharing the costs with unit owners who bought units and this seems attractive to the developer as the development costs increase nowadays. The owners of the units can also have a return as their units are rented and bring revenues. Professional Hotel Management Company handles and manages hotel units, service of the properties, and amenities as well as provides guest services. The unit owners can decide whether they would participate in the property’s rental program and sharing in the revenue. If they decided to do so, their units will be managed by experts, will give the owner higher level of rental income than owning and operating a traditional vacation home because Management Company will surely use their capital to advertise the hotel and to make reservation systems and centralized management systems, chances are, more guests will visit.
Condo hotel is different from the typical seaside villa or vacation home or summer cottage. Its fascinating condominium suites in some of the most famous hotels, with access to all luxury amenities and numbers of hotel properties, ranging from full-service spa and fitness centers to fine dining restaurant, are something that we cannot find in ordinary seaside villas.
Unit owners can pick up any time when they want to stay their units in a year. Unlike timeshare, where the owners are allotted time when they will use the units and the schedule hardly changes, Condo Hotel unit owners can adjust quiet freely since they are the owners of the units. While timeshare is difficult to resell, Condo Hotel unit is often considered as valuable commodity because of hotel’s fine location, upscale service and quality, thus readily resold.
Condo Hotel prices vary based on location, size, features and amenities. They typically range from $300,000 to over $1 million for prime properties. It is more expensive than usual condominium units but the merit of owning the Condo Hotel makes its prices worthy.
Condo Hotel is a new form of vacation ownership where people can buy a hotel room like a condominium unit. The hotel room they bought can be rented when the owner is not using, with the owner’s permission. Professional Hotel Management Company will handle the units with expert management system and will make a profit which is to be shared with the owners. With assess to a lot of amenities and leisure facilities, they can spend valuable time in their Condo Hotel whenever they want to. It is a new trend of hospitality industry.
No comments:
Post a Comment