Condo hotels, also known as condominium hotels, condotels and apartotels, are usually luxury properties in fantastic locations. You can find them near beaches, golf courses, casinos, theme parks, and other attractive vacation havens.
Most condo hotels feature incredible amenities and guest services of four-star caliber or better. These can include full-service spas, resort-style pools, fine-dining restaurants, and concierges, making them the ultimate vacation getaway.
They are typically operated by prominent hospitality companies with 4 and 5 star ratings like Hilton, Starwood, Trump, and Four Seasons.
The condo hotel concept works like this. You invest in a condominium in a first-class hotel or resort. Use your condo hotel unit whenever you want.
When you're not using it, put it in the condotel's rental program and receive a percentage of the income it generates. The condo hotel management company takes care of renting, cleaning and maintenance of your unit. They also guarantee the smooth operation of the hotel's facilities and services.
Opportunities exist in the Philippines tourism market near the country’s stunning and as yet undeveloped coastline, and also in the Philippines high quality but as yet undiscovered beach resorts. Accommodations in these locations are required to rent out to the growing number of tourists. Also, a growing number of investors from around the world are seeking second homes in Cebu and Boracay, Philippines as well, with most preferring to invest in a condotel or fully managed and operated condo developments where rental income can be earned when not using their units.
What are the benefits to owning a Condo Hotel Unit compared to other real estate investments?
Rent Revenue: Condotel units will produce rental income. That revenue can partially or completely offset the costs of owning and maintaining the condotel and give a real estate investor a good rate of return on his investment, from a low of 8% to a high of 16% ROI per annum depending upon the purchase price and terms of payment for the condo hotel suite.
Appreciation Potential: The best selling point of condotels as investment property is the rate at which they appreciate. Especially when purchasing at the pre-construction stage of the project. In Metro Manila and Cebu there has been a steady annual property appreciation rate depending upon location of between 10% to 18%. The Philippines registered a net 12.5% real estate appreciation during 2007, the highest in South East Asia and preconstruction appreciation rates are much higher in the 30% per annum range. Most condotels are located specifically in areas that have seen and continue to see high appreciation rates such as Metro Manila, Cebu, and Boracay. Furthermore, it is the condotel properties that are seeing higher appreciation rates than traditional single family homes and condos.
Crown Regency Philippines
Crown Regency is a modern and exceptional concept of a condo hotel, offering state-of-the-art leisure, wellness and business services. It seeks to combine the best elements of a metropolitan sports club in one exclusive all-inclusive avenue. Crown Regency brings to the Philippines a full spectrum of superior facilities, personal service and the warmth of a traditional Filipino welcome, committed to bringing family, business and social connections together to celebrate the good life. With exquisite, globally inspired restaurants; upscale recreation facilities featuring many firsts in games and virtual sports; a medical spa with the best aesthetic equipment from the top names in the spa industry in the world and a unique brand of hospitality and service for an experience like no other.