Condo Hotel Overview

Hassle-free Ownership of a Trump Vacation Home

Have you ever dreamed of owning a second home, somewhere you could escape to on long weekends and impromptu vacations?

If anxiety about maintaining the home, finding someone to rent it when you're not there, or even justifying the expense because you plan to use the home only a few weeks out of the year, has kept you from making this dream a reality, then a condo hotel could be the ideal solution for you.

Condo hotels are a new type of vacation home. They allow you to own a luxury condo at a world-class hotel, and someone else takes of maintaining it and finding renters whenever you're not using it.

Five-star Amenities
Premium quality condo hotels, such as those operated under the Trump International name, feature five-star amenities and services. At any of the Trump condo hotels, you can expect to find everything to make your vacation a magnificent retreat including:

  • Infinity pools
  • Full-service spas
  • State -of-the-art fitness centers
  • Fully-equipped business centers
  • Fine-dining restaurants
  • Lounges and night clubs
  • Retail stores
  • Meeting and convention facilities
  • Concierge services
  • 24-hour security
  • Valet parking
  • Daily housekeeping

Prime Vacation Destinations
When you go on vacation, where do you want to be? On the beach, near a golf course or theme park, or in the heart of a large city downtown?

Most condo hotels can be found on prime land in these types of highly-desirable locations. As the condo hotel concept has gained momentum, properties have begun cropping up around the U.S. and the world.

Florida began the condo hotel trend with popular cities like Miami Beach, Fort Lauderdale and Orlando leading the way. Now places like Myrtle Beach, Las Vegas and Chicago have numerous condo hotels as well. On the international front, you can find condo hotels gaining favor as well with properties in select locations in Canada, Jamaica, the Bahamas, Philippines, England, Spain, Thailand and more.

Trump Condo Hotel Locations
Leading the condo hotel trend is Trump International. Condo hotels currently exist or are in development in Fort Lauderdale, Florida; Las Vegas, Nevada; Chicago, Illinois, Waikiki, Hawaii; Toronto, Canada; Panama City, Panama; and Dubai, UAE.

As the Trump organization is actively seeking additional development opportunities, more condo hotels in diverse locations around the world will likely soon join these initial properties.

Rent Revenue Offsets Expenses
What makes the condo hotel concept so attractive and also so different from the typical vacation home? It's the opportunity to participate in an optional rental program. When you're not using your condo hotel unit, you can place it into the hotel's nightly rental program.

In return, you'll receive a percentage of the revenue your unit generates (typically 50% but it varies by property), with the balance going to the hotel operator. The income your condo hotel unit generates will help defray the costs of owning your vacation home.

While every condo hotel is a little different, in most cases the hotel pays for operating expenses and you, the individual condo hotel owner, will be responsible for real estate taxes, insurance and capital improvements. Again, your costs will be offset by the rental revenue you receive.

The hotel operator capitalizes on the hotel's franchise name, advertising, affiliations and centralized reservation system to keep rooms filled. With a brand like Trump International, consistent occupancy can be assured and top dollar can be charged as a nightly rate.

Worry-free Ownership
It's not only the opportunity to participate in the earnings from a vacation home that appeals to many condo hotel buyers, the biggest benefit may be that ownership is 100% hassle-free.

Because the hotel operator takes care of renting and cleaning the condo hotel units as well as maintaining the common areas and hotel amenities, you never have to worry about any problems typically associated with owning a second home. No late night calls about leaky pipes or concerns about renters who don't show. Those headaches belong to someone else, and your condo hotel vacation home is strictly for your enjoyment.

Condo Hotels as Investments
While most owners look upon their condo hotel unit as a vacation home, you might also find merit in owning one as an investment. Condo hotels are indeed real estate, and traditionally real estate has appreciated, particularly when it's located in a prime vacation destination and has a name like Trump International. Many Trump condo hotel owners hope to sell their condo hotel unit at a profit in the future.

Best of Both Worlds
Whether your desire is to own a first-class second home with incredible amenities where you can escape for annual vacations or whether your goal is to diversify your investment portfolio, Trump condo hotels could be right for you.

Visit our Trump Featured Properties to find the best location for your next vacation home. Or contact us today with your questions regarding Trump Condo Hotels, (954) 450-1929, info@WorldClassCondoHotels.com.

 

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