Condo/ Hotel – Condotel Greater Fort Lauderdale
If you are an out of Town investor or a short time second home owner a Condo/ Hotel – Condotel in the Greater Fort Lauderdale would be a great option to consider.
With a Condotel option, you own the unit and most likely need to enter in a contractual obligation with the Properties Hotel operator/ management. You may have use of your unit for certain times during the year with black out day’s. Each and every Condotel operates different and owner occupation allowance can vary. In return, the Hotel operator will rent out your unit as a “hotel” during the remaining time of the year to traveling guests.
Condotel in the Greater Fort Lauderdale area
- Gallery One Condo Hotel (managed by Hilton)
- W. Fort Lauderdale Hotel & Residence at Ft. Lauderdale Beach
Looking at from an investment perspective this can be a great alternate option for absentee owners wanting a second home or vacation home in Ft. Lauderdale Beach, without the hassle of renting out spaces on their own.
If interested in a Condo-Hotel option, you should review follow documents before making any commitments.
– The Allocation Budget
– The quarterly ledger
– The Financial Ledger and
– The Sellers Property Disclosure
You may have heard, know and love Fort Lauderdale Beach. Easy to stroll along the 7+ miles of sun-kissed beaches with their lovely promenades, shopping and dining spots deserving its spot on this list.
To receive more and in detail information to make an educated decision about choices contact is here.