Today, one of the hottest commodities in real estate is the condo hotel. Bridging the gap between traditional condominiums and hotels, the condo hotel presents the best of both worlds: luxury accommodations in highly desirable locations along with upscale shops and restaurants. As an example, let’s look at the Blue Rose in Orlando, Florida.
Currently in the pre-construction phase, the Blue Rose will consist of three towers housing 256 condominiums and 1,284 condo hotel suites. It will offer everything from lofts and one- and two-bedroom units to 3,000 sq. ft. penthouse suites. The property will be a resort oasis, with a promenade, European cafes, five themed restaurants, private pool cabanas, and a 1,000-seat theater.
The investment opportunity presented by condo hotels is unprecedented. Indeed, most new properties sell out in the pre-construction phase. In doing so, investors are able to obtain lower prices, secure many of the best units, and gain appreciation on their investments before ground is even broken.
Many people opt to purchase a condo hotel not only as an investment, but also as a vacation home. Generally, condo hotels provide first...
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