Investing in real estate in a tourist destination like Tulum today has great added value. Developments such as Rivieralty’s Palais offer you an additional modality that includes all the benefits and amenities of a hotel, maximizing the profitability of your property. Condo-hotel is the fusion that allows you to own your apartment and have the administration of the rental of the place as a vacation rental; so you and your guests can enjoy the housing complex as you would enjoy a five-star hotel with all the services.
As an owner you will see that the capital gain increases rapidly, as it has been proven that the rent as a hotel is higher than residential rents.
What is the difference between individual management and belonging to a rental pool and promoting full development as a hotel?
First, you leave everything in the hands of the experts
. By means of a contract you endorse the company to manage your apartment as a hotel room. The entire operation and promotion is supported by the hotel chain.
Second, to belong to an income pool.
This is a great benefit for all investors, because during each period the income is calculated and all owners are equally distributed the profit generated, regardless of whether their apartment was rented or not, however, it is important to mention that in terms of the distribution of this bag, the square meters of each apartment model are taken into account.
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“The first contract you will have will be the purchase-sale contract, the next one will be the deed of your property, and the third one will be the hotel management agreement, which is annual. The cost of Palais condo-hotels is 20% of the profit, that is to say, of all the nights that the apartments are rented during the month, the cost of the hotel operation is taken out, which is 20% and the 80% that becomes profit is what will be paid to the owners, every month or two months”, explains Fabiola Garduño, commercial director of Rivieralty.
Third, promotion with wide reach, guaranteed ROI.
The range of platforms for the promotion of the condo-hotel is doubled by covering both modalities, in this way the marketing that is put in place for the dissemination and promotion has reach both in those of
self-managed rental, as well as those specialized in travel and hospitality, guaranteeing a greater impact.
With 70 percent of the development sold by August 2021, Palais will debut in this condo-hotel modality, providing each of the owners with the security of a diversified investment as they navigate the first year of positioning fully backed by the management company and of course by Rivieralty, maximizing the profitability of the property.
“One of the great advantages of Palais as a condo-hotel is our location. We have all the services, water, electricity, internet, and guests will be close to what they need most.”
This model promises an investment with a guaranteed return, as it will be part of a project backed by large companies, an administrator who will ensure that the apartment is kept in good condition, that it has the ideal promotion for the good circulation of guests and the security that your investment continues to generate and add value as a property.This model promises an investment with a guaranteed return, as it will be part of a project backed by large companies, an administrator who will ensure that the apartment is kept in good condition, that it has the ideal promotion for the good circulation of guests and the security that your investment continues to generate and add value as a property.
One of the keys that has strengthened the company is
“Palais’ construction progress has been very punctual and this is a great advantage. Something that characterizes the developer (Rivieralty) is that it focuses on finishing its projects as soon as possible; we do not necessarily depend on sales. It has been a virtuous circle, our investors have guaranteed the construction of the developments and the fact that we are seeing more and more progress generates a lot of confidence among those looking to invest in a space”.
“Tulum is a brand, and at an international level, everyone places it as one of the most beautiful places and the most beautiful beaches in Mexico, and care has been taken to ensure that this brand and this place remain as healthy as possible in terms of development. What characterizes Palais is that combination of luxury and nature, an eco-chic concept of comfort, which cares at all times the harmony with the natural environment.
According to Garduño, particularly in Palais, in the last six months of sales progress in the development, there has been an increase in capital gains for every seven apartments sold, -about 7%-, which is already adding value to those who have decided to purchase an apartment with Rivieralty.
“We are still at a very competitive price in the area. Belonging to the Rivieralty family guarantees many things, including investing with a serious construction company, with a real estate company that focuses on the buying experience,” he said.
