What is a Condo Hotel?

Condo Hotel’s offer all of the amenities of a hotel with the comfort and convenience of a condo. They offer an investor the opportunity to own a luxurious vacation property that helps pay for itself.  Unlike traditional condominiums, Condo Hotels come with a reservation system similar to that found in any hotel, with a reservation desk that is staffed around the clock. By enrolling their unit in the hotels’ optional reservation system, owners can split the monthly revenue (splits normally range from 40-60%) generated from their property when they are not staying there. The cash flow generated from these rentals can help offset any fees or interest payments owners might incur. Furthermore, because of the prime locations these properties are being developed in, owners can anticipate a great amount of appreciation on there property investment. For instance, the first buyers at the Trump Chicago Condo Hotel saw the price of a similar unit appreciate 95% before the project was even sold out.

If you plan to stay at a Condo Hotel, whether as an owner or a guest, you can expect all of the carefree amenities associated with a luxurious hotel. The Condo Hotels being developed offer everything from world class health clubs, pools and spas, daily maid service, full service business centers, lush landscaping and gardens, nightclubs and gourmet restaurants, golf, shopping, 24 hour room service, along with private entrances and valet parking, concierge services, and doorman. And while Condo Hotels are being developed rapidly around the world, destinations such as Las Vegas Nevada , Miami and Orlando Florida , Baja Mexico and Dubai are experiencing the most rapid growth.

To learn more about Condo Hotels as an investment or as a vacation destination, please check out our additional articles under the Resources tab on the menu bar at the top of this page.