The feeling about the Miami Beach condo market this year is somewhat in shaky yet, hopefuls never gave up. As the home sale market plummeted down the drain the Condo building projects skyrocketed from out of nowhere. A hotel guest will likely never know that the hotel has multiple owners because the property is operated just like a traditional hotel and often under the management of a well-known hotel company like Hilton, Hyatt, Starwood, Trump or W. Also, each of the individual condo hotel units will look identical in design and décor to every other, just as they would in a traditional hotel.
For example, from 1818 to 1846, Oregon Country was a condominium over which both the United States of America and Great Britain shared joint sovereignty until the Oregon Treaty resolved the issue by splitting the territory along the 49th parallel and each country gaining sole sovereignty of one side.
Whether you’re viewing villa rentals, researching apartments to buy, or looking to invest in a penthouse, our technology platform and team of professionals are there to support you with helpful knowledge, price information & estimates, and up-to-date market statistics that you will only find here.
There is more to buying this type of real estate than the old phrase, “location, location, location.” While most condo hotels are located in desirable resort and business area locations, what is most important is a good franchise with a strong reservation system.
Utilities and Contracts: fairly self-explanatory, this section covers common utility costs (depending on your property, this could simply be for irrigation water and parking lot lights OR could include the heat, water and even electricity and cable TV for every unit), as well as contracted services such as snow removal, boiler maintenance, landscaping, etc.