Are Condo Hotels like W Four Seasons and Ritz a good investment?
Brand names often outperform the lesser known names when it comes to just about everything! That name brand is just what gives people the impression that they are buying or staying and/or using a luxury service or accommodation. Whether or not they are a good investment is subjective in nature. Depending on the location, condo-hotels can be very profitable year-round. Miami in general is seasonal December-March being the busiest time. The next critical issue is the management of the condo-hotel; what is their track record or is their any guarantee of income? Another important element is the house/investor split. There are many varibles that make up the condo-hotel, management being most important.
