Orlando Condo-Hotel Investment Property
Worry Free Rental Management of your Vacation Condo Hotel with 5 Star
Service and Amenities.
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all Condo Hotels in Central Florida.
Condo-Hotel
FAQ's :: What is a Condo Hotel?
- 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’. It’s a popular concept that’s
gaining national recognition among major hotel players.
How Does a Condo Hotel Operate?
- Once
a property is purchased in a condo hotel, owners can enjoy their
luxurious new condo and 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.
Why Invest in a Condo Hotel?
- Most
condo hotels are located in either major metropolitan cities or top
vacation destinations, such as Orlando. This market in the past year
ranked in the top ten for increase in home prices, according to the
Office of Federal Housing Oversight.
Who Invests in Condo Hotels?
- 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.
What are the Advantages?
- Condo
hotel owners enjoy almost all the privileges a first class hotel has to
offer. From concierge services, gourmet dining, recreation rooms and
club houses, it’s all at your fingertips with the push of a button. The
condos are delivered fully furnished. Investors also benefit from being
exceptionally located in prime real estate areas.
Orlando Real Estate Agent
James Mitchell, 26yr. Realtor
Charles Rutenberg Realty
933 Lee Road, Suite 300
Toll Free: 877.366.2635
Fax: 407.359.7585
Mobile: 407.383.1051
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