Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Seven Questions You Should Ask When Buying a Condo Hotel Unit


You may have heard all the buzz about the newest type of vacation home investment, condo hotels. These are condominiums located in four- and five-star hotels in cities like Miami, Orlando, Las Vegas and Chicago. Owners use their condos when they'd like. When not using their unit, they can place it in the hotel's rental program and receive a percentage of the revenue it generates.

How do you choose a condo hotel unit that meets your desire for a vacation home and is also likely to produce a healthy revenue and appreciate down the road? Consider the following seven questions when evaluating a condo hotels:

1. Is a condo hotel right for you?

Condo hotels are not your typical second homes. They are fabulously-furnished condominium suites in some of the most famous hotels and resorts around the country. The properties are usually large, high-rise, luxury hotels and come with premium amenities like valet, concierge and maid service. Prices can range from $250,000 to over $1 million for prime properties.

2. Is the condo hotel well-located?

Consider whether the property is located in a popular vacation destination, one that is likely to do a healthy tourist or business trade regardless of economic factors.

Also, you must be sure you yourself like the location. Does it offer you the ocean view or golf course access you always dreamed about for your vacation home? If you'll be flying to this vacation home, how close is it to a major airport?

3. Does the condo hotel have a major franchise?

The key to a successful condo hotel investment is the hotel operator. The better the operator and the franchise, the more likely the success of the property.

A condo hotel with a name brand like Ritz-Carlton, Hilton, Starwood or Trump is likely to generate more revenue than a non-brand because it can charge higher room rates and benefit from international advertising and a centralized reservation system.

4. Will the condo hotel receive traffic from any nearby attractions or entertainment venues?

A condo hotel that is near a convention center, a theme park or cruise port will benefit from proximity to these high-traffic venues.

5. Does the condo hotel have any on-site amenities that will draw guests such as a well-known health club, spa, fine dining restaurant or golf course?

You'll want to choose a condo hotel that has amenities you'll enjoy using and also are a draw to attract hotel guests.

6. Does the individual unit that you're considering in a condo hotel meet your needs?

Does it have enough bedrooms, enough square footage? Does it have a kitchen? (Some do, some don't.) Does it offer an appealing view? Is it furnished to meet your tastes? Does it offer any owner storage?

7. Will the condo hotel unit appreciate?

While personal enjoyment should be your primary reason for considering a condo hotel purchase, it's certainly worth thinking about whether the property you want has good appreciation potential.

Look at surrounding properties and area appreciation rates. Does the condo hotel have lots of competition? Is it different or better than area properties? How has the demand been since the property first came on the market?

A realtor who specializes in condo hotels and is familiar with the area in which you're looking can often help you determine if the condo hotel you're considering has good appreciation potential.

By Joel Greene
President, Condo Hotel Center, www.CondoHotelCenter.com

About the Author:
Joel Greene is the president of Condo Hotel Center in Miami, Florida. Visit his website at http://www.CondoHotelCenter.com which is a clearinghouse for listings, information, and photos of condo hotels. At his website you can sign up for his Property Alert newsletter which notifies readers of new condo hotel properties coming on the market and provides useful information about condo hotel developers and trends.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


New York Times

Recent Commercial Real Estate Transactions
New York Times
$14.25 MILLION. 186-188 First Avenue (between East 11th and 12th Streets). Manhattan. A local investor bought these two five-story East Village walk-ups, totaling 14,900 square feet with 50 feet of frontage. They offer 16 two-bedroom apartments, which ...



Macy's, Inc. Real Estate Sales Will Continue in 2018
Motley Fool
Despite the improving sales trends, many analysts expect Macy's to face continued earnings pressure in 2018. The average 2018 EPS estimate -- which probably ignores the recently implemented tax reform law -- is just $2.86. Bears often point out that ...

and more »


Mother Jones

Eric Trump Stands to Profit Bigly From Sweetheart Real Estate Deal ...
Mother Jones
The middle Trump son bought two condos from the his father for half the listing price in 2016. Derek Kravitz and Will ParkerJan. 16, 2018 6:00 AM. Share on Facebook · Share on Twitter · Email; Print. Santiago Hafford/ZUMA. Looking for news you can ...

and more »


Made a real estate deal? Tell us about it
Crain's Detroit Business (blog)
For my new weekly Real Estate Insider email newsletter — which you get with a Crain's Enhanced Membership — we are creating a weekly roundup of submitted commercial real estate deals. The purpose is to add value that you won't be able to get ...



How real estate pros can survive the Facebook news feed change
Inman.com
Facebook's founder, Mark Zuckerberg, announced that the company will overhaul the algorithm for the platform's news feed. Gearing toward “meaningful social interaction” and away from, what it deems, “relevant content.” Why is this important for real ...

and more »


The essential guide to real estate and tax reform
Inman.com
In what analysts are calling a non-political sacrifice, the GOP put longstanding real estate tax breaks on the chopping block. Indeed, the Republican overhaul of the nation's tax code, dubbed the Tax Cuts and Jobs Act and signed into law by the ...

and more »


6 secrets to getting a real estate listing every day
Inman.com
We all know that listings are essential to success. Increasing the number of listings you collect each month allows for more possibilities for your business, and it's the most direct way to improve your real estate productivity. The keys to achieving ...



Realtor.com News

Really Bad MLS Photos: 5 Horrific Real Estate Pics | realtor.com®
Realtor.com News
Real estate photos can be gorgeous—or horrifyingly ugly. As proof, look no further than the Facebook group Really Bad MLS Photos, where members share the biggest clunkers they've seen. Seven years ago, Paul Meleedy, a real estate agent in Lakeville ...

and more »


WK Real Estate Earns RELO Quality Certification
RisMedia.com (press release)
Boulder, Colo.-based WK Real Estate has been awarded the RELO® Quality Certification (RQC) from Leading Real Estate Companies of the World® (LeadingRE), the network recently announced. The only program of its kind, the RQC quantifies and qualifies true ...



Washington Post

How to expand your real estate investing business into a new market
Washington Post
In my last article, I talked about what I see as danger signs for the Washington-area real estate investment market. I have had those concerns for quite a while, and for the past year or so I've been putting together a plan to diversify my real estate ...
Regal Real Estate Investment Trust (HKG:1881): Is Real Estate An Attractive Sector Play?Simply Wall St
Canadian Real Estate Investment Trust Announces January 2018 DistributionDigital Journal
Financial Newsletter - Zacks Investment ResearchZacks Investment Research
Zacks Investment Research
all 181 news articles »

Google News

home | site map
© 2006 TIGER MEDIA