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Everyone
wants that fantastic vacation home and what more perfect
vacation home than having a five-star vacation home at a
landmark resort and receiving rent revenue return on your
investment whenever you're not using it? Condo hotels and high
rise condo hotel developments are the newest real estate trend
in Las Vegas, combining a luxurious lifestyle and hassle-free
ownership with investment potential. Everyone would like a
vacation home in Las Vegas well it is the entertainment
capital of the world and what better way is there? Owning a
wonderful luxury Las Vegas vacation Condo can give you that
wonderful Las Vegas Vacation property and it will help pay for
itself. So you will get reduced cost and other people helping
you to build your equity and thus your pension.
So how do
condo hotels really differ from owning a traditional vacation
apartment or condo? These are not your stereotypical second
homes. They are fabulously 5 star furnished condominium suites
in some of the most famous hotels and resorts in Las Vegas.
Built by world famous developers for some of the largest
companies in the United State. The properties are usually
large multi- level high-rise, upscale hotels operated by a big
name like Four Seasons, Ritz Carlton, Trump, Hyatt or Hilton.
Prices range from $200,000 to several Million dollars for the
most luxurious properties and penthouses.
Condo Hotels
have a unique selling point they generate Revenue to help you
the owner defer cost of borrowing and help build a suitable
retirement equity base. Many investors have realized that Las
Vegas Hotel Condos produce fantastic incomes and are now using
Las Vegas Condo Hotels as their main investment schemes.
Investors know that it is possible to buy several condo units
on mortgage and have other people pay for the loan via rental
income. What an investment opportunity
How do all of
these condo hotel owners and investors find their guests to
rent these units? Well this is what makes condo hotel programs
so very appealing to investors. When you the owners are not
using your condo unit, it is put into the rental program of
the condos hotel.
By
capitalizing on one of the large hotel's name recognition like
Hilton or Trump and by having their advertising, national
affiliations, centralized reservation system and management
expertise, Las Vegas condo owners typically receive a higher
level of rental income than they would from a traditional
vacation home. It is not hard to imagine the power that these
companies have behind them. With a central reservation system
that covers the whole of the US and even allows them to accept
reservations for condo hotel Units worldwide you the owner
have access to all of this power. This means that you are
certain to be able to rent your unit out while you are not
using it. But one of the best things of all is that the hotel
management company will take care of dealing with all of your
guests. They will also look after the upkeep, housekeeping and
general maintenance of your condo hotel units and all of the
common areas. This will keep your Investment and Vacation home
in top quality for you and your guests.
Now please
remember it is wonderful to receive revenue from your Las
Vegas Hotel Condo Unit/Units but the most important factor
from an investors view point is it’s saleable appreciation.
This means that the equity of your initial investment will
grow by X% per annum. Las Vegas Condo hotel units have been
appreciating at a far faster growth rate than any single
family homes and condos in Las Vegas.
Nearly all
condo hotel units are purchased directly from the project
developer. There are very limited units available in anyone
development. Las Vegas condo hotel units have been selling at
unprecedented speed. There are limited numbers of Las Vegas
Condo Hotel Units available and extremely high demand. In
fact, most condo hotels sell out in pre-construction they are
so sought after. And therefore as is the case in any situation
where demand is greater than supply Las Vegas condo hotel
owners have been seeing massive monetary appreciation in their
Condo hotel units.
With las
Vegas’s World-Famous Resorts and Attractions comes the media
and International Attention. This means that people all over
the world are enjoying coming to Las Vegas to invest in the
Las Vegas Hotel Condo marketplace and also to stay and enjoy
the wonderful sights and sounds of this unique city…
Remember that
the key to surviving and winning in the Las Vegas Hotel condo
marketplace is good solid representation. Award Realty Corp
and me Jonathan Abbinante can provide you with the service you
need to win in this hot market…
For
strong closing and representation, don’t hesitate
to call your “rockin realtor”
Jonathan Abbinante – 702-327-8340
Rock on!
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