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Miami Condo Hotel: The Choice of Smart Investors
With much of the nation’s property market facing tough times, real estate players are looking for alternative opportunities. Miami condo hotels offer the perfect real estate alternative for a new generation of “lifestyle” investors, and it is this lure of a glamorous lifestyle which is the USP of Miami condo hotels.
The concept of condo hotels is already a decade old, but the predominance of the sector by the world’s most formidable hotel chains is a new phenomena, and as a buyer, you can take advantage of this new trend. Owning a property that combines the best architecture, the best locations in Miami as well as top grade facilities is a dream come true for all real estate investors. With such hospitality giants as the Ritz-Carlton, the Four Seasons and the Hilton, a Miami condo hotel will always be a safe bet.
No doubt, these premium hotels add to the appeal of this vibrant city that is famous for its alluring beaches and sunny weather. Young and affluent vacationers all over the world find Miami a hot destination and frequent it year long, making an investment in a condo hotel a safe and secure use of your money. These properties in Miami fetch a higher rental income than those in cities like Boston and even New York..
The famous Art Deco District is where most of the prominent condo hotel properties are situated. The properties in this district are characterized by their low rise construction. Most of the latest Miami condo hotel properties are situated on the beach front along Collins Avenue and 21st Street. Most of these properties have received makeovers in recent times to update their appearances. Once the typical 70’s style of constructions, they now are the most happening places in Miami with giant spas, gorgeous night clubs, dazzling specialty restaurants and other state of the art features.
Some of these Miami condo hotel properties boast of architectural wonders. For example, in the Regent, you can swim in a glass-bottomed swimming pool, and in Canyon Ranch, the first thing you will notice after stepping inside the lobby is a three-story sculpture made of mangrove branches.
As Miami prominently features on the maps of world travellers, the owners of the Miami condo hotels are almost always guaranteed a year-round rental income and they also make a hassle free real estate ownership. And above all, the Miami condo hotels are sure to offer a huge capital appreciation over a few years time.
Young and affluent home buyers from all over the world are flocking to Miami to set up their second homes. Miami condo hotels can be your second home too, and a really plush, exciting one!
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