Posts Tagged ‘Condo’

Lake Buena Vista Luxury Condo VRBO 97017

This video was produced by www.brettervideo.com WELCOME TO YOUR VACATION HOME HERE IN CENTRAL FLORIDA, IN THIS 2 BEDROOM 2 BATH LUXURY CONDO. AT THE BRAND NEW LAKE BUENA VISTA RESORT. THIS ROMANTIC, AND UPGRADED LUXURY UNIT, LOCATED ON THE 6TH FLOOR, FEATURES TOMMY BAHAMA STYLE DECORATING. YOU ARE JUST MINUTES AWAY FROM WALT DISNEY WORLD… UNIVERSAL STUDIOS… AND SEA WORLD… WE OFFER FREE TRANSPORTATION TO ALL THREE AMUSEMENT PARKS. THE UNIT CAN SLEEP UP TO SIX PEOPLE COMFORTABLY. THE MASTER BEDROOM HAS A JACUZZI TUB AND WALK IN SHOWER… THERE IS A 55 INCH FLATSCREEN TV IN THE LIVING ROOM… THE KITCHEN IS FULLY EQUIPPED WITH STATE OF THE ART APPLIANCES. …UNPACK, AND SEE IT ALL. …MAKE SURE TO ASK ABOUT ALL THE OTHER FINE AMENITIES , WE HAVE, TO OFFER. Booking is easy with us. We have a short rental agreement we send you, and you can fill it out online, or call us on our toll free number…Thank you! === Toll free: 1-866-856-1680 Vacation homes in Florida & the Bahamas www.visitmyvacationhome.com www.vrbo.com

Condo Hotels: a Hassle Free Option

An estimated 40,000 to 60,000 condo hotels are being developed for sale in the next 1.5 years. Who will buy all these condos? Is there a bubble in condo hotels? Does the consumer even demand condo hotel units?

The real estate markets may have slowed, but we all must remember that we have been setting records in sales volume. The slow down is a reversion to an average historical pace.

Unlike traditional condos, condo hotels have not been over-built or over supplied. In the Miami area alone there are 60,000+/- traditional condominiums on the market or coming to market. The national supply of condo hotel units is less than this figure. The 3 largest markets for condo hotels in The United States is Las Vegas, Orlando and Miami; these are also three of the strongest hotel markets with high demand from baby boomers for retirement residences. 78.2 million baby boomers will reach retirement age in the next 14 years. The demand for condo hotel is just beginning to awaken and supply is a fraction of the overall second home or hotel development market.

Also, unlike traditional condos, condo hotels can produce hassle-free rental income.

The hotel market is marking another record year and demand is growing, this market underpins the potential investment value of condo hotel sales. If supply of new hotel product is constrained by construction costs and as many existing hotel rooms are converted to condo hotel ownership, the economics for condo hotel owners could improve.

As mortgage lenders to the condo hotel consumer, we have had the opportunity to get to know many buyers and learn first hand their motivations and demographics. For the most part our clients have been real estate investment minded and savvy second home buyers who are seeking a second home for less than two to eight weeks per year for personal use. They have owned other forms of rental properties, and many have invested in commercial real estate. They often site the desire for appreciation and tax benefits before a ‘cap rate’ but they often have a thorough understanding of the income potential of condo hotels.

We are seeing a rise in the number of buyers who are using funds from a 1031 exchange to purchase a condo hotel unit. The average age of our borrowers is 51 years old, solidly in the baby boomer demographic. The majority are self-employed or with an average of 13-years in their present employment positions. Notably, a majority of these buyers have expressed interest in purchasing more than one condo hotel unit in various destinations, for personal use, diversification and to stagger seasonal cash flows from properties.

For over 20 years, the resort market for condo hotels has proven a viable alternative to traditional condominiums and second homes. The most numerous examples are in ski country, where families have purchased and used condo hotels as second homes with a rental program to offset costs. But this next generation of condo hotel buyers may look different as more people understand the advantages to this real estate product.

Broad acceptance of condo hotel as a second home market has yet to fully develop. The media is full of conflicting stories about condo hotels, and consumers are reasonably skeptical. The broad market is not the early adopters of any new concept, the niche buyers are the first consumers to embrace any product, and condo hotel is proving no different.

Some projects have niche themes to attract a specific narrow demographic of buyer. For instance, college alumni who wish to have condo hotel ownership for sporting events are purchasing. Downtown pied-a-terre locales that appeal to suburbanites or corporations who frequently send employees to a city center condo hotel destination are just beginning to come to market and attracting a new buyer class. Resorts that offer lifestyle services and amenities are finding ‘member-minded’ buyers who may live around the corner. These new consumers will define the next phase of this industry.

A condo hotel is more than real estate, it’s a lifestyle purchase, a long-term investment and a trend that is just beginning to identify its demand.

Greendale Property Management Now Offer This Luxury Vacation Condo At Bahama Bay, Davenport Florida

Greendale Property Management are proud to have been chosen to manage this fantastic condo in Bahama Bay, located in Davenport.

The award-winning Bahama Bay Resort is a beautiful, Caribbean-style gated, holiday community that boasts a club house, spa, restaurants, lake with fishing dock and a private beach area to make the perfect holiday.

Situated alongside the picturesque Lake Davenport – with its palm trees, white sands and shimmering waters – Bahama Bay provides year-round holiday enjoyment for those wishing to indulge in Orlando’s theme parks, or just chill out in a fully serviced resort. Bahama Bay is just a shuttle-bus, or a 10 minute drive away from all the popular Orlando theme parks including Disney World, Universal Studios and Sea World Resort.

Amenities at the Bahama Bay resort cater for the entire family, and include 4 swimming pools, 2 spa pools, children’s pool & play area, clubhouse reception with poolside bar & grille, relaxing lounge areas, mini-market, gym, sauna & shower facilities.
 
For those wanting to indulge in some relaxation and pampering you can visit the Eleuthera Health Spa & Salon while the children visit the playroom, mini-cinema or tennis or basketball courts.

The Tradewinds Restaurant and Bar is located on the lakeshore, along with a sandy beach, volleyball area and fishing dock. There are well-marked walking trails around the 70-acres of lush landscaped grounds in the resort.

AWARD WINNING TROPICAL RESORT
4 COMMUNITY POOLS
HUGE LAKE WITH FISHING DOCK
ON-SITE SPA & SALON
ON-SITE GYM
HUGE CLUBHOUSE AND RESORT RESTAURANTS
3 BEDROOMS
2 BATHROOMS
47 INCH LCD TV IN LIVING ROOM
LCD TV/DVD COMBO’S IN BEDROOMS 2 & 3
FULLY EQUIPPED KITCHEN

3 bedrooms and two bathrooms with the master bedroom with TV having it’s own private en-suite, with sliding patio doors leading to the enclosed balcony you can enjoy a glass of wine while looking over the pond with water fountains.

The spacious and light living room has a huge 47inch LCD TV for all your TV needs and sliding patio doors that lead to the enclosed balcony

In the fully equipped kitchen with breakfast bar you will find everything you need if you decide not to eat at one of the on-site restaurants.

The long hallway also offers you formal dining with its very on 6 person dining room table for the more romantic meals at home in this wonderful condo.

The guest bedroom comes with queen bed and 19inch LCD TV/DVD COMBO as does the childrens twin bedroom with 2 twin beds.

There is also a second bathroom.

Orlando vacation Condos: Try staying in a condo while you?re on vacation in Orlando

Having your vacation in Orlando but don’t know where to stay? Why not stay in a condo? Condos offer great solutions for your problems. A condo is very inexpensive for your short visit in Orlando.

Orlando is a very popular city in Florida, mainly because Disney Land is there. So, Orlando has a great demand for places to stay in, not only for business men but most of all for people who will take their vacations there.

The first instinct of most vacationers is to look for a hotel to stay in. hotels in Orlando are very exquisite and a great place to stay in, but there is one flaw. Even if you will have your vacation alone or spend it with your family, hotels can be very expensive for quick visits, especially if you have a really big family. As we all know, the global financial crisis affected everyone, so many people look for places to stay in while on vacation that is cheap but at the same time comfortable to stay in.

If you are planning to have your vacation in Orlando, why not rent a condo? Condos are great alternatives for hotels for your short visit in Orlando. There is a noticeable difference with the rent rate, the facilities and the accommodation between hotels and condos.

Can you cook your meals personally if you are staying in a hotel? No, but if you were staying in a hotel, you can cook your own meals anytime, make a sandwich, have a pizza or grill a burger, it is so easy.

Personal pools are available in most condos because most condos are located, if not near, in resorts. Gyms or fitness centers and restaurants are also found in condos but they are somewhat cheaper than most of the hotels.

A very good example of a condo is in the Winsdor Palms Resort. This condo is just 10 minutes away from Disney land. One unit in here has three bedrooms and can comfortably accommodate eight people. The unit also has appliances like a Flat screen LCD TV but not just one, not two, not even three, but four LCD TVs’, a DVD and also a VHS player. This condo costs as little as $120 a night and this price is during the summer peak season. Let’s do the math, if the unit costs $120 a night and eight of you will share the unit. So, your cost is only $15 per person per night. That’s a great offer.

So, if you’re planning to go to Orlando for your vacation, consider staying in a condo. Condos in Orlando are inexpensive yet can accommodate you and your family and besides that, there are many extras like the great facilities that they offer and many more.

Condo Hotels Appeal to U.s. Baby Boomers, Especially the Trump Brand

With more baby boomers approaching retirement age each year, (approximately 75 million will retire within the next 15 years in the U.S.) and a large number of them looking for second homes, condo hotels are a concept that is gaining widespread popularity.

This new real estate trend allows individuals to own a hassle-free condominium within a luxurious hotel or resort. As owners, they can enjoy all of the amenities and services of the hotel. Best of all, when they’re not using their condominium, it can be placed in the hotel’s rental program, where it will generate revenue, helping to offset the costs of ownership.

Condo hotels, or “condotels” for short, are usually high-rise, luxury buildings in high-demand locations, such as Las Vegas, Orlando and Myrtle Beach. They have the look and feel of world-class hotels with many of the same perks and amenities, from on-site restaurants and resort-style pools to housekeeping and concierge services.

The difference is that each suite is an individually-owned condominium unit. The hotel management company takes care of operating the hotel’s various departments and offering guest services along with maintaining and renting out the condominium units.

Condo hotels have particular appeal to baby boomers, who are just now hitting financial peaks in their careers and are also inheriting hefty sums of money from their parents.

These boomers are in a position to travel more than ever, and owning a vacation home, which they can visit on a whim, makes travel easier. A second home is even a status symbol to some, like owning a fancy car.

Many baby boomers are also looking to invest in real estate as an alternative or supplement to investing in the stock market. They love the hassle-free nature of condo hotels.

Many brand-name hotel chains have jumped at the chance to meet the baby boomer demand for condo hotels including Hyatt, Ritz-Carlton, Hilton, Four Seasons, Sonesta, Starwood, Clarion, Regent International, Rosewood, Conrad Hotels and Le Meridien. All have condo hotels either in operation or in development.

But probably the brand that has received the most notoriety and had the most sales success is Trump International, a name made famous around the world by 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, offering upscale amenities to meet the high expectations of today’s baby boomer.

Infinity pools, full-service spas, state-of-the-art fitness centers, gourmet restaurants, private libraries and butler service are just a few of the features available to owners of Trump condo hotel units.

Trump International condo hotel properties are available at several locations in Florida such as Fort Lauderdale. The upscale condo hotel developer has also made his way to Hawaii with a condo hotel in Waikiki currently under construction. That property set a record for U.S. residential sales when it sold all of its 460 condo hotel units on opening day and turned away many more buyers.

Theater, nightlife and the excitement of New York are all available in downtown Manhattan at Trump’s SoHo condo hotel. For those who say the Big Apple is not for them, there is the Trump Chicago or Trump New Orleans.

Trump has recently gone global. Trump International properties are under development in Toronto, Canada; Dubai, UAE; Panama City, Panama; and Baja, Mexico.

Because of cheaper land and labor costs, the pricing of Trump International properties in countries like Panama and Mexico is often far less than that for U.S. Trump properties, making them all the more appealing to investors.

Regardless of the location, a Trump condo hotel offers the ultra-upscale lifestyle that has come to define the Trump brand and have special appeal to today’s baby boomer.

Many who purchase a Trump condo hotel say they enjoy the thrill of owning a Trump as much as the actual use of an elegant second home. They also are quick to point out the condominium’s appreciation potential.

As world-class properties in prime locations, Trump condo hotels are a welcome addition to any investment portfolio.

For baby boomers and others considering the purchase of a second home, a condo hotel residence is worth careful consideration. And when choosing between properties, it’s the Trump brand that has become synonymous with prestige and excellence in the condo hotel industry.

5 Tips on Choosing a Vacation Condo and Avoiding Hotels

The idea of being able to have more than four people on a trip begins to sound complicating. Deciding from booking hotel accommodations of more than one room, to shopping for an accommodating car rental size. Think , no more having to get two rooms for a family or group of six. It may be best to rent a condo while on vacation. Many places also provide some sort of Internet access whether it be wireless for your laptop or a provided computer system. Babysitting and/or maid service can be provided as well. High demand areas for vacation condos are Hawaii, the California coast, Palm Springs Winter, the Florida coast and Orlando, the Caribbean, Cancun, Cabo San Lucas, Myrtle Beach, and Hilton Head Island. Imagine a luxury beach condo in anyone of these areas, and how much more memorable a vacation would be than staying in a hotel. Staying in a vacation condo is how to take the quality of a vacation to the ultimate level.

A friend of mine, named Dom grew up in Hawaii. He would say, “Hawaiian Christmas memories are among my favorite remembrances of living in Hawaii.” He talked about hearing “Silent Night” sung in English and Hawaiian by an angelic choir on a humid evening under the topical night stars with palm trees swaying. Holidays in Hawaii, especially Christmas are widely celebrated. Imagine taking a family to a tropical paradise and during Christmas. Staying in a hotel can not compare to staying in a vacation condo during a tropical family holiday. Staying in a condo that comfortably houses a family allows anyone to have similar experiences like a local would. Memories that would be as positively vivid as my friend Dom’s memories are.

Here are five things to consider when looking for a vacation condo:

1. Pay particular attention to their cancellation and refund policies in the event of any change in circumstances affecting any members of your party who are due to travel.

2. Remember to pay any monies due (i.e. deposit/final balance) on time since failure to do so may result in losing your dates.

3. Make sure to plan far ahead if you want to make your reservations during a holiday, especially Easter and Christmas.

4. Learn the area, so you know where you want to stay. Also, itinerary’s easily fly out of the window once you get to your destination. Know the local area so you have the ability to be spontaneous.

5. Renting from an owner can generally be more of a positive experience. There happens to be rapport built and typically the owner has stayed in the area. Obviously a local resource like that can offer plenty of advice to help get off the beaten path.

Be selective, and go for luxury. A vacation is never going to be the same if you ever stay in a hotel again. You know what they say, “Once you go vacation condo you never go Hilton Resort.”