90,000 condo hotel units are being built, but Consumer are still unaware of the benefits. Seminar series helps enlighten the public and realtor community.
(PRWEB) April 6, 2006 -- Beginning in September at The IMN Condo Hotel Conference in Miami, then the RCI conference in Chicago in October, The Lodging Conference in Arizona, followed by Las Vegas, Miami, The National Association of Realtors conference on Second Homes in Hawaii, The JMBM conference in Palm Springs, then Orlando, NYC, Colorado, Miami, Chicago again... Vacation Finance's CEO, Bob Waun has spoken to 23 groups of developers, real estate professionals, investors, and bank boards about the merits and benefits of the condo hotel trend.

"Not until last night's event has the case for condo hotel been so clearly presented to the general public" said Joe Craig a real estate investor and would-be condo hotel buyer, and attendee at last night's Second Estate Event "I now understand and like this concept, it's exciting to be able to enjoy an investment property in this way. I can see my family enjoying a condo hotel."

"We had a great turn-out, feedback, and many good questions" said Beth Holsbeke, a VP with Vacation Finance.

Jon Pedersen, Tom Black and Ari Letonen of "The Second Estate" a seminar promoter created the event for Detroit area second home buyers said "the response to this event was better than expected" said Black "there is a thrist for new creative second home options, we intend to provide a forum to discuss all options: traditional cottage, condo hotel, fractional and even timeshare. The options are very different."

There is a lack of 3rd party information in the market about condo hotel and fractional real estate ownership. Industry insiders believe that if more consumers understood the new vacation ownership options that sales growth would outstrip development supply.

"Over 90,000 condo hotel units are presently under development or coming to market for sales, programs such as this are needed to educate consumers about why they want a condo hotel. Hassle-free and luxury second home ownership is easier than most people believe" said Waun "and when they understand it, they want 1-to-2 condo units in cool places."

Vacation Finance, America's First Second-Home Lender is the first mortgage lender to specialize in financing these new forms of vacation ownership like fractional, condo hotel and destination clubs. www.vacation-finance.com

http://www.emediawire.com/releases/2006/4/emw368814.htm

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