These types of projects are becoming more and more attractive for hotel investors, secondary/vacation home buyers and individual investors.
The entire complex is divided into residential units and hotel structure. The residential part of the complex can be designated as “individual ownership” or “shared ownership”.
The residential units are sold to individuals who then can utilize some of the services provided by the hotel, such as pool and other recreational facilities, restaurant & bar and room service. Each residential home has its typical residential layout consisting of living room, bedrooms, bathrooms, full size kitchen and their own separate entrance. The condominiums or apartments are normally sold as vacation homes to buyers who would then occupy the units a couple months per year. During the time they do not occupy their units, they have the option to rent out their home to leisure visitors through the hotel. The hotel can then rent out their unit, with all the services provided by the hotel, by day, week or month.Because of the additional features and services provided by the hotel, the residential units are normally valued 15 to 30 % higher than the same size residential units without a hotel.
Additional benefits to hotel owner(s):
Increase of revenues, generated by a higher usage of the hotel services.
Increase in inventory of hotel rooms and higher potential revenues without capital investment.
Management exclusivity with unit owners
Benefits to residential owners:
(Secondary) home ownership
Access to hotel’s facilities and services
Management, security and maintenance services
Potential rental income
Good appreciation potential
Possible tax benefits
For more information about investment opportunities please