How does a condo-hotel work?

Guides

This concept is characterized for being a prosperous investment, since the business model guarantees that your resource is not static, but continues to pay monthly or bimonthly, with practically no action on your part.

The trend continues to make its way among users, as it consolidates the search for experiences that distinguish each trip, and the condo-hotel is designed for that, to provide personalized attention to guests in a space where comfort, exclusivity, location and service make sense. And for investors a fertile business.
Here are the 8 aspects that define an investment in a condo-hotel:

1.-Each unit is qualified for vacation rental.

The units can be rooms or complete apartments in different models and depending on the type, they have particular amenities in addition to those of the development.

2.-You are the owner of the unit

Acquiring a unit in a condo-hotel has the same procedure as buying a real estate property. You select the unit of your preference and budget, you choose the method of payment, you can set it aside with a percentage of the cost or make a down payment of 30% of the total of the unit and sign a purchase-sale contract, you follow the property registration and deed processes that declare that you are the owner of the unit.
You can purchase from one or multiple units in the same development.

Lock-Off System

The units have the Lock-Off system. This allows you to have a hotel room with the basic services (bedroom with full bathroom and closet) and one more with the full services of the apartment (kitchen, dining room, living room), both with separate entrances to maintain the privacy of each area.

Through a contract, the owners allow their unit to be promoted and rented as a hotel room

One of the great advantages of condo-hotels is that the developers themselves include the administration of vacation rentals in a contract, in which you as the owner do not worry about anything.

Condo-hotel in Tulum?

Guests enjoy a stay with hotel services

A condo-hotel offers guests a complete service. As if they were in the privacy and comfort of a home, but with the services of a hotel so they can enjoy their stay to the fullest. Development amenities, assistance and virtually personalized attention as these are boutique developments with few residents.

6.-All owners receive income as a percentage of the profits from the monthly vacation rentals

. For each period, which can be monthly or bimonthly and based on the total number of nights sold in the condo-hotel, taking into account the number and type of units you own, you are given a percentage of the corresponding profits and earnings generated.

The rental pool is balanced, because even if your unit, for example, was not occupied during the period, you will still receive a percentage of the dividend.

7.-The company manages the contract and the sale of nights

This includes the operating expenses of the development, promotion and guest experience. The condo-hotel also has the virtue of promoting itself both through vacation rentals (Airbnb) and hotels (TripAdvisor, Booking, for example), which multiplies the channels of communication and attraction of guests and broadens the range of opportunities to increase the number of nights sold.

8.-The owner will have a preferential rate to use a unit

As this is an investment and the rental pool must continue to operate, the owners of the units can have hotel nights* in their apartment or any other available unit, this at a preferential rate for owners, and they will enjoy all the additional benefits.

5 Benefits of managing your property with a hotel operator

Vacation rental properties represent a profitable investment, but they also require efficient management. The hotel pool emerges as a solution, allowing a professional operator to handle tasks such as marketing, reservations, cleaning and maintenance. This service ensures not only the occupation of the property throughout the year, but also its care and legal security, guaranteeing greater profitability and peace of mind for the owner.

5 astute reasons to invest in the Riviera Maya

Investing in real estate is a smart option, especially in high-growth areas such as the Riviera Maya, Mexico. Among the main reasons to invest are the favorable exchange rate, the natural beauty of the destination, and the opportunity to acquire properties for vacation or commercial purposes. In addition, improved security and the growing demand of international tourists make this place an attractive option for investors. Having the advice of a real estate agent can be key to making the right decisions and avoiding costly risks.

4 steps to own your apartment in the Riviera Maya

At Rivieralty, we focus on being more than a real estate agency, acting as your partner and investment advisor in the Riviera Maya. Our process to acquire a property includes four steps: Selection of developments according to your budget, setting aside the property with an initial amount, managing the down payment and payment method, and finally, the total payment. Our team of advisors accompanies you from start to delivery, providing continuous follow-up to ensure that your investment is successful, with exclusive access to future real estate opportunities.

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