With more baby boomers approaching retirement age each year (about 75 million will retire in the next 15 years in the U.S.) and a large number of them for second homes, Condo Hotels is a concept that is gaining popularity.
This new trend in real estate allows individuals to own a nuisance free condo in a luxurious hotel or resort. As owners, they can enjoy all hotel amenities and services. Best of all, when not using your condo, can be placed in the hotel's rental program, where revenues are generated, helping to offset the cost of ownership.
Condo Hotels or "Condotels" for short, are generally high-rise, luxury buildings in the towns of demand, such as Las Vegas, Orlando and Myrtle Beach. They have the appearance of world-class hotels with many of the same privileges and amenities, from restaurants and resort-style pool for cleaning and janitorial services.
The difference is that each suite is a condominium unit owned individually. The hotel management company is responsible for operating the various departments of the hotel and provides guests with with the maintenance and rental of condominium units.
Condo hotels have special appeal for baby boomers, who have just hit the financial peaks in their careers and are also the large sums of money inherited from their parents.
These boomers are able to travel more than ever, and owning a vacation home, you can visit on a whim, makes travel easier. A second home is still a status symbol for some, as owner of a luxury car.
Many baby boomers are also seeking to invest in real estate as an alternative or complement to investment in the market values. They love the hassle free nature of condo hotels.
Many brand-name hotel chains have jumped at the opportunity to meet demand baby boom of condo hotels including Hyatt, Ritz-Carlton, Hilton, Four Seasons, Sonesta, Starwood, Clarion, Regent International, Rosewood, Conrad Hotels, Le Meridien. Everyone have condo hotels in operation or under development.
But probably the brand that has received the most notoriety and had the most success sales Trump International, a name made famous worldwide by the real estate mogul Donald Trump.
The Trump International Hotel & Tower has come to represent the epitome of prestige and refinement in the condo hotel industry, which offers luxurious facilities to satisfy the high expectations of baby boomers today.
Pools, full service spas, state of the art fitness centers, gourmet restaurants, private libraries and butler service are just some of the features available for owners of condo hotel units Trump.
Trump International condo hotels are available in various places in Florida, including Fort Lauderdale. The developer of luxury condo-hotel has also made its way to Hawaii with a condo-hotel under construction in Waikiki. That property sales set a record U.S. residential when it sold all of its 460 condo-hotel units on the opening day and turned many more buyers.
Theater, nightlife and excitement of New York are available in downtown Manhattan at the Trump SoHo condominium hotel. For those who say the Big Apple is not for them, is the triumph Trump's Chicago or New Orleans.
Trump recently launched worldwide. Trump International are developing properties in Toronto, Canada, Dubai, United Arab Emirates, Panama City, Panama and Baja California, Mexico.
Because of cheaper land and labor costs, setting Property prices for Trump International in countries such as Panama and Mexico it is often much lower than the U.S. Trump properties, making them even more attractive for investors.
Regardless of location, a condo-hotel Trump lifestyle offers ultra-luxury that has come to define the Trump brand and have an attractive especially the "baby boomer" today.
Many who buy a condo-hotel Trump say they like the excitement of a triumph as well as the use real smart a second home. It was also quick to point condominium appreciation potential.
As a world-class properties in prime locations, Trump Condo Hotels are a welcome addition to any investment portfolio.
For baby boomers and others considering buying a second home, a residential condo-hotel is worthy of careful consideration. And when choosing between properties, is the Trump brand, which has become synonymous with prestige and excellence industry in the condo-hotel.
About the Author:
Joel Greene is the President of Condo Hotel Center in Miami, Florida. Visit his website dedicated to Trump real estate at WorldClassCondoHotels.com for property listings, prices and photos. At his website you can request a FREE copy of The Condo Hotel Report for more information on this topic.
Article Source: ArticlesBase.com – Condo Hotels Appeal to U.s. Baby Boomers, Especially the Trump Brand
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