The added amenities are certainly enticing, as is the promise of monthly income. But is a condo hotel really a smart investment? It turns out there are both pros and cons to consider.
If you’re hoping for the opportunity to make money off your investment, it’s likely easier to get the best price with a condo hotel. Booking software makes it simple for a room to go up or down in price depending on demand. That’s something you likely won’t have access to with a traditional condo.
You will, however, have to consider the revenue split you have to honor with the hotel operator. It can vary greatly. You’ll also want to consider the hotel brand.
A brand boasting a higher premium likely translates to a higher daily rate and a stronger occupancy rate.…