As you may have read in the news, the biggest trend in today’s real estate market is the sheer number of condos being built. However, before Donald Trump announced several new Condo Hotel developments in the next few years, many people had never even heard of the term Condo Hotel. While its name seems to imply what it is (half condo, half hotel), there are several less obvious rewards to condo hotels. Unlike traditional condominiums, Condo Hotels offer their owners and guests several key advantages.

Advantages for owners:

Not only are condominiums being developed all over the world, but they are being built in the most desirable locations imaginable. Like Hawaii, Florida, Las Vegas, New York City, Belize, and Dubai, just to name a few. Unlike timeshares and fractional ownership, Condo Hotel buyers are buying real estate, and not just part of the time. Who wouldn’t want to own property on the beaches of Hawaii or Belize, or on the Las Vegas strip? Who knows how much that property will be worth in 5 to 10 years… the sky is the limit. Additionally, the units being developed have the benefits of home along with the sheer luxury of a resort, including fully equipped kitchens, laundry rooms, dining and entertaining areas, and often a balcony with a spectacular view. With developers now offering this opportunity through Condo Hotel ownership in such desirable locations, owners can expect to see great appreciation for their investment along with better occupancy statistics to increase cash flow.
So while these properties appreciate over time, owners have the option of placing the units in the hotel’s rental program, allowing them to earn monthly income on their investment. This cash flow can help homeowners offset mortgage payments and fees. And the best thing is that all this can be done from anywhere in the world, since the hotel management can take care of the reservations, cleaning and maintenance of the unit.

Advantages for Guests:

You may think of a guest at a Condo Hotel as someone who is not the owner of a unit, however, that is not necessarily the case. Many of the Condo Hotels allow the owners to establish their permanent residences in their unit, thus becoming permanent guests. Additionally, owners can choose not to enroll their unit in the rental program and visit as missions whenever they wish. However, owners enrolled in the rental program can always reserve their unit in advance. Regardless of who is in the room, owners or renters, they are all hotel guests. And one of the best advantages of being a guest of a Condo Hotel is that you are pampered as a guest. The Condo Hotels being developed offer everything from world-class fitness centers, pools and spas, daily housekeeping, full-service business centers, lush landscaping and gardens, nightclubs and gourmet restaurants, golf, shopping, the room 24 hours, along with private entrances and Valet parking, concierge and doorman. The Cosmopolitan in Las Vegas is building a five-acre Cosmo Beach Club with an actual sandy beach surrounding the pool on the fourth floor overlooking Las Vegas Boulevard! So go ahead, live the dream, own or rent a Condo Hotel!