Costa Rica Condo Hotels - A growing new trend.
Scott Oliver
A Costa Rica condo hotel property is a stress-free way in which you can own your own luxury home and receive rental income when you are not using it. For our VIP Members who are looking for a high-probability, low risk real estate investment and where you get to enjoy a vacation home in Costa Rica - it's the perfect plan! Condo hotels are typically high-rise apartment buildings in good locations owned, managed and operated by some of the most recognized names in the hospitality industry, companies like:
- Sonesta
- Four Seasons
- Trump
- Ritz-Carlton
- Hilton Hotels
- Hyatt
- Starwood
- Clarion
- Regent
Making Money with your Costa Rica Condo Hotel: To make money with your Costa Rica Condo property all you need to do is to make sure that your home is available to rent when you are not using it. Although a condo hotel operator will rarely guarantee occupancy rates, the more professional and established the condo hotel operator is, the better chance you have of a higher occupancy rate and making money. From that rental income:
- You will receive a percentage of the rental income and
- The operator of the rental program will receive a percentage.
The rental revenue split will vary depending on the condo hotel operator, someimes it's 70:30 (Owner:Operator) and quite often the revenues are split 50:50 The Advantages of a Costa Rica Condo Hotel:
- Location! Location! Location! So far the condo hotels we have seen are being built in 'the' best locations, for example we recommend the One Jaco Place Luxury Condo Resort and Condo Hotel in the booming Central Pacific town of Jaco.
- Condo Hotels are invariably 'top-of-the-line' luxury homes and will come with lots of luxury amenities that one would expect in a quality luxury resort like gourmet restaurants, cocktails bars, casinos, valet services, gymnasiums and spas. The One Jaco Place Luxury Condo Resort and Condo Hotel even offers an infinity spa pool on the balcony of each apartment.
- To help pay for the costs of your Costa Rica Condo Hotel, you can make a little money by having your home in the rental program so that other people could pay you ti use it when you are not using it.
- Stress-Free Costa Rica Condo Ownership: The management company will take care of everything for you so there's no need to worry about cleaning, taking reservations or looking after the people who are renting your home when you are not there.
Costa Rica Condo Hotel Prices - How much? This is a fairly new concept in Costa Rica and to give you a real life example the prices of the One Jaco Place Luxury Condo Resort and Condo Hotel start at about US$250K. The hotel has superb amenities including their own Jaco Beach Club and it will be managed by one of the top condo hotel operators in the business which will be announced shortly. Although they have sold 100+ units One Jaco Place has not yet begun construction which should start in January 2007, so if you want to buy now at more favorable pre-construction prices, please contact us soon by using the simple form below:
Written by Scott Oliver, author of How To Buy Costa Rica Real Estate Without Losing Your Camisa and Costa Rica's Guide To Making Money Offshore. This new feature was created at the request of numerous VIP Members who have asked us repeatedly to recommend experienced developers with a proven track record who are building quality homes in Costa Rica. Although Scott Oliver does not personally sell real estate, he would be happy to Help-U-Search for your perfect property in Costa Rica.
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