hat started in strictly unit when away.
resort areas is now
branching out into all Taylor says developers favor
major metropolitan areas. Most of waterfront, mountainside, and
the larger worldwide hotel chains downtown areas with strong demand
now sell condo hotel residence. for upscale lodging. Myrtle
Beach, S.C.; South Florida; and
Much of the condo hotel market in Las Vegas have fast-growing
the U. S. started in Florida. The condo-hotel markets that favor
residences there command high-end travelers and boomers
600,000-800,000 for a studio. I looking for a high-amenity
bedrooms start around $750,000. pied-Ã -terre. Chicago,
$1,000,000. 2 Bedrooms Start over Washington D.C., and Phoenix are
the 1,000,000 price range. starting to get in on the condo
hotel market, the most notable is
These permanent residences the Trump Building in Chicago,
feature all the furnishings and studios are starting at $800,000.
amenities of a luxury hotel —
such as world-class restaurants,
24-hour concierge, security, "Boomers are looking for a
valet, housekeeping, and room vacation lifestyle of spacious
service. accommodations, dining
activities, and entertainment,"
Joel Greene of the Condo Hotel Taylor says. "They demand extra
Center says a rental option services and luxurious
provided by the condo hotel amenities."
management company allows owners
to receive a portion — often Here's how the Condo hotel
about 50 percent — of the concept works. You purchase a
rental income of their specific condo/hotel in a world class
hotel. Use the residence whenever residence in a world class luxury
you like. When your away, put the hotel with rent revenue that you
residence in the hotel's rental receive helps offset the costs of
program and share the revenue owing a 2nd or 3rd home. As well
with the hotel. The hotel's as the potential for
management company takes care of appreciation.
all the management issues such as
cleaning, renting and If you are truly interested in a
maintaining. condo hotel please check out the
http://www.condohotelcenter.com
These residences offer the best
of both worlds, a hassle free
About the Author:
Christine Hancock http://www.getanewhome.net Christine began her real estate career proving herself a top producer on a new high rise development. This experience gave her valuable knowledge of construction as well as the buying process and resulted in 4-million dollars in sales during her first year.
Source: www.isnare.com
