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To
be connected
directly with
the onsite sales office
of a particular project,
please dial (800)
830-1364 followed
by the correct
ID Code. |
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Signature at MGM Grand - RESALE |
VERGE, Downtown Las Vegas |
One Las Vegas |
Corto Maltes, Playa del Carmen, Mexico |
Mayfair Hotel and Spa - RESALE | ID# 83
Streamline Tower, Las Vegas, NV |
The Residences El Faro and Boutique Hotel El Faro, Playa del Carmen, Mexico | ID# 85
Four Seasons Miami, FL |
Paseo del Sol Playacar, Mexico |
Trump Ocean Resort Baja (pre-construction) | ID# 802
Sarasota Cay Club Resort & Marina, Fl |
Luna Encantada, Playa del Carmen, Mexico |
MonteLago Village, Lake Las Vegas | ID# 80
Cosmopolitan Resort and Casino, Las Vegas, Nevada | ID# 84
Trump International, Fort Lauderdale |
Crowne Plaza Hollywood Beach Sian Resort, Florida | | ID# 800
The Palmyra, Jamaica |
Paseo del Sol Costa Turquesa, Playa del Carmen, Mexico |
MGM Project City Center |
The Summit at the Grand Sierra Resort and Casino, Reno, Nevada | |
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| Condo hotels convert a portion of its rooms into condominiums and make it available for purchase to the public. The concept has been evident in the United States for over 40 years, but regained momentum in Florida in the late 1990s. Hotel companies discovered they could secure necessary financing to construct new hotels through the sales of the condominiums. The idea quickly became contagious and spread throughout the country among hotel companies. Donald Trump understands the successes of the condo hotel hybrid; he now has six condo hotel projects pending in Florida, Phoenix, Las Vegas and Dubai. The Ritz-Carlton, another major luxury hotel chain, won’t even consider constructing a new hotel without incorporating the residential aspect, according to MSNBC. It’s a popular concept that’s gaining national recognition among major hotel players. |
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| Once a property is purchased in a condo hotel, owners can enjoy their luxurious new condo and/or choose to rent it through a rental program, which is usually administered by a hotel management company. If the property is rented, owners receive a percentage of the proceeds. In addition to renting your property, the hotel management will also take care of details such as the maintenance and cleaning of your condo. |
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| Most condo hotels are located in either major metropolitan cities or top vacation destinations, such as south Florida and Las Vegas. Both of these markets in the past year ranked in the top ten for increase in home prices, according to the Office of Federal Housing Oversight. |
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Condo hotels are also assumed by well known luxury hotel names, such as Trump, Hilton, and Four Seasons. As a buyer, you’re not only able to link your investment to a world class hotel name, but also to a lucrative real estate market.
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| Condo hotels attract many different types of investors. Clients overseas, enticed by the falling dollar and booming real estate markets, like being able to secure their money in the US market and have their property managed by the hotel. Retiring baby boomers enjoy owning a luxury vacation home with first class amenities. Corporations, too, are considering condo hotels as an alternative to corporate housing due to their prime downtown locations in popular cities and for their facilities that can accommodate meetings and conventions. |
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Condo hotel owners enjoy almost all the privileges a first class hotel has to offer. From 24 hour concierge services, five star gourmet dining, recreation rooms and club houses, it’s all at your fingertips with the push of an elevator button. The condos are usually delivered fully furnished, complete with TV, DVD, entertainment centers, bars, and more. Investors also benefit from being exceptionally located in prime real estate areas. Sky Las Vegas is the first luxury high-rise condominium hotel to be located directly on The Strip. All the pleasures and conveniences of Las Vegas Boulevard literally will be at your front door.
While there are many reasons to purchase a condo hotel, it isn’t necessarily the right investment for everyone. Investors dependent on using the income from the rental to cover the mortgage are usually disappointed. Condo units are subject to the same pitfalls and fluctuations that hotels experience. The investment is, after all, imbedded in the hotel industry. |
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We are dedicated to helping you find the right condo hotel that will suit your lifestyle. What separates us from other condo hotel websites is that we have a team of local, licensed real estate agents in each market we operate. How this benefits you is that we can connect you to expert agents who have extensive knowledge of their area’s market trends and development. These agents also have solid connections with most developers in their area, thus giving them firsthand knowledge of new projects. Because of these local liaisons, we at CondoHotels.com are confident that we can serve you at the highest level.
Please complete the Contact Form on our website if you have any questions. We are happy to answer any inquiries you may have. |
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