In the current financial market, one thing is certain,
Real Estate is undervalued and can be bought for pennies on the
dollar. A condo hotel offers the savvy buyer a chance to own a
property that is completely hands off and can generate income
through rentals.
That said, so does another style of property, "Short
Term Vacation Properties"
With 55 million people per year visiting central Florida,
many resort communities have been built that allow you to place
your pool home with a management company who will rent it out
in the same way as a condo hotel.
Click
here to see why this may benefit you more than a condo hotel.
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At WorldQuest Orlando Resort, located
just one mile Walt Disney World® Resorts, you’ll
find resort amenities and services to enhance your Florida
ownership & vacation experience.
2 bedroom
units from $140,000
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Walt Disney World is located just
minutes from the Lake Buena Vista Resort Village and Spa,
while Lake Buena Vista Factory Stores are situated right
next door.
2 bedroom
units from $120,000
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Another resort with all the benefits
of a condo hotel, but with none of the drawbacks. This resort
is only 4 miles from Disney World!
Financing available!
3 bedroom town homes with their own
pools from $120,000
Onsite Management - 2 Resort Pools
- Games Room - Bar & more |
Welcome
to Orlando Florida's most complete resource for information on
preconstruction condo hotels, condotel conversions and condo hotel
re-sales. At the office of MBT Homes we have seen the Florida
second home and Florida Real Estate market evolve quickly from
both an investment and second home perspective and believe that
condo hotels or "condotels" give the best opportunity
for the realization of not only the Florida Real Estate investor,
but also the second home buyer's needs.
Interested
in single family homes or town homes that can be rented out like
a condo hotel? If so click here to visit our Orlando
vacation home website.
What are condo hotels?
Condo hotels are wholly owned condominiums
that are centrally managed by a management company who markets
the units and facilities as a hotel. Typically a condo hotel will
have many if not all of the amenities of a 4 or 5 star resort
such as concierge service, room service, resort amenities etc.
and several of these condotels are "flagged" by such
big names as Marriott, Hilton, and Sheraton.
Who buys condo hotels?
Condo hotels fit the bill for several different
consumers. Many investors like that the property is centrally
managed, as hotel rates are typically higher than long term leases
or single family home rental rates, and this gives the investor
a better chance to offset monthly condo hotel ownership costs.
Many Florida second home buyers are disillusioned with the high
cost of second home ownership in central Florida. The double edged
blade of high appreciation in central Florida, especially in Orlando,
is that although if you already own a vacation home near Disney
the appreciation is making you a happy property investor; if you
do not already own an investment or second home property, many
of the properties at preconstruction are too expensive and are
cost prohibitive. With some condo hotel renovations starting in
the high $100's and fully furnished preconstruction condo hotels
1 mile from Disney from the mid $300's Orlando condo hotels enable
the second home buyer realize the dream of seconds home ownership
in central Florida at a price that allows you to actually go on
vacation to Orlando! Condo-hotels have tremendous appeal as investments
in today's market due to very low interest rates and a risky stock
market that has investors looking for possibly safer alternatives.
Why haven't I heard of condo-hotels?
There is every chance that if you go on
vacation a lot you might have stayed in a condo hotel. Condo-hotels
are typically large, high-rise, luxury hotel buildings operated
by big names such as Ritz-Carlton, Sheraton, Westin, Hyatt, Hilton,
Trump and Rosewood.
Each condo-hotel unit is sold
to individual investors who may use their unit for a specified
amount of time, and when not used the investor has the option
of placing it into the in-house rental program. Rental revenue
is shared with the operator and helps defray the unit owner's
expenses.
