1. Escape
to your vacation home when you want.
With timeshares or partial ownership, you can use
your condo one, maybe two, weeks of the year, and
always the same weeks every year. Condo hotels,
on the other hand, allow you the flexibility to
use your second home any time, given the proper
notice.
2. Visit
your favorite place again and again.
Condo hotels are built in fantastic locations --
on the ocean in Miami Beach, next to theme parks
in Orlando, on a golf course in the Bahamas, near
a ski slope in Telluride, or right on the exciting
Las Vegas Strip.
3. Relax
in luxury. Enjoy first-class living right
in your own second home! With amenities like a full-service
spa, a resort-style pool, gourmet restaurants and
state-of-the-art fitness center, you'll have everything
you could ever want right on-site. Plus, don't forget
the hospitality extras, from housekeeping and room
service to concierge assistance.
4. Ownership
is hassle-free. Concerned about taking
on responsibilities to maintain the property? No
problem. Condo hotels have a professional operations
team that handles everything, from maintenance and
housekeeping to the efficient operation of the amenities.
5.
Be proud to own a respected
brand. When you own a condo hotel, you
possess a piece of that property. Just imaging possessing
your very own Trump, Hyatt, Hilton or Ritz-Carlton.
How cool is that!
6.
Receive rental income. When you're not
using your condo hotel unit, you can place it into
the onsite rental program. The hotel's professional
management team takes care of marketing the property
to guests, and you'll get a portion (usually around
50%) of any revenue your unit generates. This income
will offset some or all of your costs of ownership.
7. Resell
your condo unit when you'd like. Timeshares
can be difficult to resell, since you only own a
specific week or two of the year. With a condo hotel
unit, you have deeded whole ownership. You'll find
it easier to resell your property, as it's comparable
to reselling any other type of real estate.
8.
The condo hotel concept
is in its infancy. Condo hotels are a
relatively new kind of real estate. As the concept
becomes more well known, expect demand for available
properties will grow. Now is the time to get in
at the beginning of this trend.
9.
Your property may appreciate.
Condo hotels, like most good quality real estate
in desirable destinations, are likely to appreciate
in value. You can maximize the appreciation potential
by buying your condo hotel unit in the early pre-construction
phase, when prices are at first-tier levels.
10.
Diversify your investments. If you're
looking for an alternative to the stock market,
condo hotels offer a means to expand your portfolio.
Best of all, you can invest in real estate without
assuming the responsibilities of becoming a landlord.
