Are condo hotels advantageous just for the luxury-seeking vacationer but not for the shrewd investor?
They appeal to all buyers, both second-home buyers and shrewd investors, but each type of buyer may have different expectations and different buying parameters. The second-home buyer wants location, service, amenities, and a respectable franchise to run it. This is a vacation home he may keep for the next 10 years. He is more concerned about the quality of the vacation home, the location and that the revenue will cover all or at least most of his ownership expenses. The investor buyer wants all that too, but if he can’t get in early, and if prices have already increased from the initial offering he may be less motivated to go forward, as this will affect his return on investment. Investor buyers typically want to get in and out of the property as quickly as they can, take their profits and move on to the next deal. For this reason, we encourage investor buyers to subscribe to our Property Alerts so that they can learn about pre-construction buying opportunities when prices are lowest a
