A safe real estate investment, What is the condo-hotel ownership model?
It is a profitable and safe business model merged by two major sectors of the economy: “real estate” and “hospitality”. It is an excellent investment opportunity for those investors looking to obtain a sustainable and safe return. Nowadays is an alternative to the traditional options offered in the market.
This investment figure is safer for property owners, as they are the legitimate and legal owners of the property managed as a hotel room by the hotel chain.
The real estate complex is subdivided into units (residences or apartments) that are sold separately and owned independently, then the hotel operates and commercializes the units providing an income participation to each particular owner, therefore is an investment of low financial and legal risk. This type of business model is developed mainly in tourist destinations as it allows to obtain a higher profit in regard of occupation demand.
Investing in these properties guarantees each owner a faster and safer return as they become the number one beneficiaries in the long term.
WHAT ARE THE ADVANTAGES OF INVESTING IN A CONDO-HOTEL Vs A RESIDENTIAL PROPERTY?
- The investor enters one of the most profitable markets: the tourism industry.
- The property produces an average income without risk of defaults or overdue rents.
- The owner can use the property as a second residence and enjoy the services of a hotel.
- The return on your investment (ROI) is faster and safer.
- It is a real estate investment similar to a second residence but that does not produce maintenance fees.
IMPORTANCE OF THE HOTEL BRAND
The hotel brand undoubtedly impacts on profitability and occupancy; having a hotel brand in a real estate development gives more certainty to the investors and buyers of the units.
Another advantage is the wide commercial range on different booking platforms.
The hotel brand also establishes basic requirements for the real estate developer regarding architecture, quality standards, necessary amenities and corporation image of the brand. The hotel services and amenities undoubtedly play an important role in maintaining the occupancy of the hotel year round.
WHO IS IN CHARGE OF THE PROPERTY MAINTENANCE?
The company or hotel chain is in charge of the maintenance, cleaning, repairs, reservations and all the services related to the occupation of the property as it forms part of the hotel rental scheme. The investor, therefore, does not have to carry out any management.
CAN THE OWNER OF THE APARTMENT OR RESIDENCE SELL IT?
The properties in a condo-hotel are acquired with a property title (deeds), henceforth the investor is the owner of that property and can sell it whenever he wants.
DOES IT HAVE ANY RELATIONSHIP WITH TIMESHARE?
The Condo-Hotel business model IS NOT TIME SHARED (Timeshare), since a real estate is acquired with a public deed before a notary public, unlike Timeshare, which is a contract that only grants a right to use the property limited in time, in years and days of use per year.
WHY INVEST IN MAYAKAAN RESIDENCES?
- Because we offer this condo-hotel business model under the support of the international and renowned hotel brand Wyndham in the Grand category, the highest in the chain, conditioning the design and quality of the hotel to its highest standards.
- It will be the first Wyndham Grand in the Riviera Maya.
- The excellent location in the Cancun-Tulum highway, just 15 minutes from the Cancun International Airport.
- The investor ventures in the tourism and hospitality industry.
- The owner enjoys his property when he stays and receives the profits from the hotel operation, this on top of the capital gain of the real estate property.
- It has a medical care center, almost with the benefits of a hospital.
- Wide variety of amenities and services that enhance hotel occupancy and a safe return on investment.