What are the main advantages of Condo Hotel ownership over other types of property such as single-family homes?
Answer Most condo hotels are exceptional properties with amenities like health and fitness centers, business centers etc. They may also provide an expanded array of hotel services such as valet, concierge and maid services. Most are built on prime, highly desireable property which gives you high occupancy when rented. You don’t have to worry about advertising your unit for rental as the management company has contracted with a hotel reservation center to supply renters on a daily basis. The owner never has to worry about any maintenance, upkeep or management issues, they are all handled by a professional management company on premise.
Related Questions
- HOW TO BUY PROPERTY What are the implications of the two main types of Czech ownership (‘osobní vlastnictví’ and ‘družstevní vlastnictví)?
- What are the main differences between the different types of hotel management agreements (management, ownership, franchising, etc)?
- What are the main advantages of CarbonicHeat over other types of electric radiant heat?
