However, you can request to see a PROFIT & LOSS Statement. Note: The SEC does not allow agents to discuss condo hotel potential profits or sell as an investment. ![]() You don’t even have to do any work regarding your unit but you will be making a desirable pasive income all year round.Īs the condo hotel properties are usually located in highly urbanized areas and luxurious locations, they are occupied most of the year and charge quite a sum of money per night so the cash flow is not questionable. During your absence, the unit will be rented by the hotel management who will cover all the responsibilities. Benefits Of Owning a Condo Hotel UnitĪ condo hotel Las Vegas unit is a great investment because it gives you a getaway space while being a pure profit maker. Most commonly, shares are 50/50 but they do vary from property to property. Since the rental revenue is shared between you and the hotel management company, you will be earning a portion of the income while not doing any work whatsoever. Upon purchasing a unit, you may reside in it any time you want, using the hotel’s full amenities, as if you were in a hotel resort. While you are not occupying the unit, it can be rented to paying guests just like a regular hotel room and you will be earning a portion of what they pay for the stay. Palms Place Condo Suite Interior How Does a Las Vegas Condo Hotel Work? Especially in Las Vegas, which has a proven track record tourism experience and record breaking tourism. ![]() The condo hotels have innovated into some of the most carefree, luxurious lifestyle options today & a viable real estate investment option. Investing in one of these properties gives you both pleasure and a chance to profit, and here is how.Ī condo hotel is a hotel based property in which each unit or a suite is owned by a different individual (maybe you) but also can be rented to paying guests while the owner is not occupying the unit. One of the fastest growing trends in high rise living today are “ condo hotels“, also known as condotels. TRUMP What is a Condo Hotel & Why Would I Want One?
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