The Condo Hotel -- The Ultimate in Vacation Luxury

The condo hotel is one of the newest trends in the real estate vacation market. As you might think, condo hotels combine the best of both worlds: condos and hotels. When purchasing a condo hotel property, you have several options. You can buy one for full or part-time use, or you can go the timeshare route. A timeshare gives you an affordable way to enjoy specific rights to a property that you may not be able to afford otherwise.
Let's talk for a moment about some of the benefits of the condo hotel. There's the condo part of the property. This means you'll be joining a condo owner's association and be held liable to the rules and regulations of said association. There's also a condo fee that is billed monthly. However, that's where the similarities to traditional condos end. With a condo hotel property, you get benefits like room service, maid service, the use of a spa or gym, and usually rights to a swimming pool. It's just like staying in a fine hotel, only better.

And when you're not using your condo hotel property, you can rent it out to other people to help offset some of your costs. There are attractive condo hotels popping up in a variety of worldwide locations. You can find them in most every large city, including New York, Los Angeles, Las Vegas, and even Tokyo. You can find condo hotels boasting well-known names like Marriott and Le Meridien. These properties are especially attractive to world travelers and businesspeople who want to know that they always have a nice place to stay.

If you're considering purchasing a condo hotel, then it's wise to do some serious comparison shopping. You may even want to check with a realtor or two in the area where you're seeking accommodations, as they may have access to properties that aren't even advertised to the general public yet. Be sure to tour several different properties before making a decision, because investment into a condo hotel can be expensive. You want to make sure you're completely satisfied with the property you'll be getting before signing any contracts or putting any money down.

Copyright 2006 Jim Sterling - All Rights Reserved

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