Condotel is an acronym for Condo & Hotel which means apartment or hotel apartment. This is a very popular concept in the world market but still quite new in Spain. By bringing “double” values, condotel is becoming a new investment trend of resort real estate. For more: Hotel Adler Madrid
CONDOTEL’S OPERATION METHOD
As a combination of two types of real estate, the Condotel has both a hotel and a function of an apartment. Specifically :
Condotel has a function of a hotel because: Condotel has reservation system and other hotel services such as swimming pool, health club, nightclub, restaurant, shop, mail service and room service 24/24. Another point of Condotel with hotel is Condotel which allows customers to buy completely ownership of apartments for relaxation and rental
Condotel has the function of an apartment because: Apartment hotel is designed with full facilities of kitchen, living room, bedroom, … with full cooking tools and for visitors to go shopping and experience life style like your own home. However, Condotel differs from normal apartments in that it needs to have a standing unit to manage and run the issues of sublease and daily operations of the hotel.
MAXIMUM FINANCIAL BENEFITS
There are four main factors that focus on the financial benefits of owning a Condo Hotel
- PROFITS FROM LEASE
- CASH FLOW
- PRICE INCREASING
- FINANCIAL MATERIALS
The condotel project model is becoming the trend of resort real estate around the world by the “dual” benefits it brings, including Investment – vacation – rental and exchange with associated resorts in other countries. Owning condotel, you not only have wonderful vacations at the luxurious “second house”, but also bring you stable and profitable profit.
WHO IS THE OWNER OF CONDOTEL?
Current statistics show that regular customers who want to own apartment hotels are usually two main groups, namely:
Investors: This is a group of customers wishing to buy hotel apartments for investment purposes to increase profits. For them, the attraction of condotel is the ability to recover capital quickly. Selling Condotel products like selling an apartment is immediately profitable Tourists, successful businessmen and middle-income earners: This is a group of customers who buy or rent Condotel to enjoy life, want to enjoy a long vacation as well as show the upper class at a place Fully furnished home with moderate cost.