| Today, one of the hottest commodities in real estate | | | | Like any real estate investment, the key is location, |
| is the condo hotel. Bridging the gap between | | | | location, location. For example, the Blue Rose Condo |
| traditional condominiums and hotels, the condo hotel | | | | Hotel is located in Orlando, Florida, one of the hottest |
| presents the best of both worlds: luxury | | | | housing markets in both the United States and the |
| accommodations in highly desirable locations along | | | | world. Recently, analysts have reported that Orlando |
| with upscale shops and restaurants. As an example, | | | | property is undervalued by as much as 30 percent |
| let's look at the Blue Rose in Orlando, Florida. | | | | when compared to other major U.S. markets. That, |
| Currently in the pre-construction phase, the Blue | | | | together with an average hotel occupancy rate of |
| Rose will consist of three towers housing 256 | | | | almost 80 percent and 40 to 55 million annual visitors, |
| condominiums and 1,284 condo hotel suites. It will | | | | makes Orlando condo hotels prime investment |
| offer everything from lofts and one- and | | | | opportunities. |
| two-bedroom units to 3,000 sq. ft. penthouse suites. | | | | It's easy to understand why Orlando is such a |
| The property will be a resort oasis, with a | | | | desirable destination. After all, Florida boasts 300 days |
| promenade, European cafes, five themed | | | | of sunshine a year, over 1,000 miles of coastline, and |
| restaurants, private pool cabanas, and a 1,000-seat | | | | an average temperature of 70 degrees. And Orlando |
| theater. | | | | is the center of family-friendly theme park |
| The investment opportunity presented by condo | | | | destinations. Walt Disney World was first on the |
| hotels is unprecedented. Indeed, most new | | | | block, with 28,000 acres of family fun. Universal |
| properties sell out in the pre-construction phase. In | | | | Studios and Sea World round out the top three, |
| doing so, investors are able to obtain lower prices, | | | | again with thrills for the whole family. It's estimated |
| secure many of the best units, and gain appreciation | | | | that it would take you over two months of |
| on their investments before ground is even broken. | | | | eight-hour days to experience Orlando's 95 |
| Many people opt to purchase a condo hotel not only | | | | attractions. It's clear why tens of millions of tourists |
| as an investment, but also as a vacation home. | | | | visit Orlando each year. |
| Generally, condo hotels provide first class | | | | It's equally obvious why investors are flocking to buy |
| accommodations in highly desirable locations. When | | | | property in Orlando. Condo hotels, like the Blue Rose |
| the owner is not using the property, the condo hotel | | | | condo hotel, are the latest real estate investment |
| unit can be rented out to tourists. Typically, the | | | | trend in hot destinations like Orlando. Between the |
| owner doesn't have to take responsibility for renting, | | | | theme parks, the world-class restaurants, the golf |
| managing, and maintaining the unit, making the | | | | courses, and the opportunities to engage in water |
| process free of the headaches and hassles of | | | | sports, Orlando investors are seeing phenomenal |
| owning other rental properties. | | | | returns on their investments. |