Video: Why You Should Invest in a Miami Condo-Hotel
May 01, 2024 May 01, 2024
Love vacationing in the best destination cities (like Miami), and growing your investment portfolio? Then, you need to know about condo-hotel investments!
Condo-hotels in Miami offer the perfect investment opportunity, allowing you to enjoy a luxurious vacation home and earn rental income while you're away. In the condo-hotel video below, Sep Niakan (founding Broker of Blackbook Properties and a South Florida Realtor for more than 20 years) explains the pros and cons of investing in a ‘condotel,’ how it is different from a timeshare, and a quick look at some of the best properties in the city:
Is a Condo-Hotel a Good Investment? What Are the Pros?
- If you’ve vacationed in Miami before and found it to be a great getaway spot, then investing in a condo-hotel here would be a smart choice. Unlike a timeshare, this type of property allows you to have a place of your own, that only you own, and with the freedom to holiday any time of year. Additionally, when you are away, you can rent out your unit using your building’s rental program or a third-party property manager to earn passive income – helping you enjoy the best of both worlds.
- You have staff trained by renowned hospitality brands such as Four Seasons, Ritz-Carlton, St. Regis, and more, taking care of everything at your second home, from maintenance to rentals, and even check-ins – affording you true peace of mind.
- You have an amazing set of amenities at your beck and call, including lavish pools, spas, fine dining, room service, housekeeping, butler service, and more – delivering the perks of a luxury resort in the comfort of your home.
- It’s no secret that Miami is a top destination that attracts visitors all year round for its culture, beaches, and overall lifestyle. With a steady stream of leisure and business travelers, you won’t need to worry about demand or occupancy levels dropping.
- Condo hotel financing is pretty easy, too, as we have a good selection of lenders who will provide decent financing terms for your vacation rental purchase.
Top Miami Condo-Hotels For Sale
Miami is one of the top destinations in the world. And that means we have some incredible hotel brands here that also happen to offer condo-hotel residences. Some of the best Miami Condo-Hotels we recommend to clients include:
- The Ritz-Carlton Hotel & Residences, Key Biscayne
- The Ritz-Carlton Hotel & Residences, Coconut Grove
- St. Regis Hotel & Residences, Bal Harbour
- The Four Seasons Hotel & Residences, Brickell
- The Elser Hotel & Residences, Downtown Miami
- The W, South Beach
- 1 Hotel & Homes, South Beach
- The Setai, South Beach
Ready to invest in an income-generating second home in Miami? Let’s talk. Call, chat, or e-mail us to find the best condotel that fits your investment criteria.
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