Blossoms by The Park Condo
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Angemeldet seit: 24.04.2022 Beiträge: 277 |
What is the demographic of the typical condo hotel buyer? The spectrum of condo hotel buyers is pretty broad. There are families that want a second home in a vacation destination. There are baby boomers who are at or nearing retirement and want somewhere they can "winter." There are also plenty of investors who purchase a Blossoms by The Park Condo hotel unit with little intention of ever using it; they're in it for the potential appreciation of the real estate. Can you live in a condo hotel? Condo hotels are not typically offered as primary residences. In fact, many of them limit the unit owner's usage of the condo hotel unit (typically 30-60 days per year) because the unit is expected and needed in the hotel's nightly rental program where it can be offered to guests and generate revenue. Who gets the money when your condo hotel is rented out? The hotel management company splits the rental revenue with the individual condo hotel owner. While the exact percentages vary from property to property, the typical rental split is in the 50%-50% range. |
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Angemeldet seit: 16.01.2021 Beiträge: 464 |
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Angemeldet seit: 14.10.2022 Beiträge: 5 |
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