You may have heard of the latest trends in vacation homes, namely condo hotels. Suddenly, consumers have the ability to have a second home in a beautiful destination without the hassle of ownership. Meanwhile, check out the Bukit Timah Collection as well.
In order to see why the concept of hotel condos posses so many attractions, think about these advantages:
1. You may own a world-class property. The majority of hotel condos are three to five-star quality.
2. You will have a vacation home in a fantastic destination. Most hotel condos are located in premium locales such as on the beach, on the edge of the lake, next to the ski slopes, near the golf course, and in crowded city centers. Examples in the world, Miami Beach, Fort Lauderdale, Myrtle Beach, Orlando, Chicago, Las Vegas, and the Bahamas are some of the most popular condominium hotel locations. In the meantime, you might also need to see the Bukit Timah Collection.
3. Use your vacation home when you want to. Flexibility in usage means you always have a place to live when on vacation. When you don’t use your vacation home, you can place it in a rental program.
4. A professional management company can take care of all maintenance and operational issues. Most hotel condos are managed by major hospitality companies, many of the biggest names in this business such as Ritz-Carlton, Trump International, Hilton, Starwood, and Hyatt. Aside from that, perhaps the Bukit Timah Collection suits your needs.
5. You receive about half of your condo hotel rental income as income when you don’t use it. The management company takes care of renting your condo. Income can help offset ownership costs. Plus, most management companies have sophisticated reservation systems and invest in professional marketing, which allows them to keep your rental unit far more than you can possibly do yourself. Apart from that, you may also want to take a look at the Bukit Timah Collection.
6. Management companies deal with guests. Part of the hassle-free nature of condominium hotel ownership is that the management company takes care of everything about guests, from checking those who are in and out of the hotel and solving problems that arise during their stay.