Hotel Condos are a great choice as an investment or as a second home!*Dave may give up to 1% back on certain locations!*** what is a Hotel Condo (Condotel, Condo Hotel)?? Click on the blue links below & read bottom**
***** Its FREE to have Dave or his Team represent you. Don't do it alone**** +plus+ he may be able to get you special pricing or incentives!!! If your buying in Chicagoland, Dave is a licenced Illinois Realtor, be carefull of other condohotel sites. If interested in buying in another state, Dave will find a specialist whos licenced in that state and knows this product.
All Condo-Hotel Topics from Issues to Calculator to Benefits to Process to OccupancyClick Here!
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Please click the above link to visit the NationalAssociation of Condo Hotel Owners (NACHO) Website.All Condo-Hotel Topics from Issues to Calculator to Benefits to Process to OccupancyClick Here!
Hotel Condo programs provide a unique opportunity to own an elegantly appointed hotel guestroom in the heart of downtown Chicago or other areas. These superb accommodations may be purchased for personal or corporate use, and occupied as much or as little as desirable. When in residence, owners will have full access to the four to five-star amenities and services of a luxurious hotel. When not occupied, you will have the choice to make your room available as part of the hotel or keep it as your own private residence. The various properties use different programs regarding minimum length of stay, and percentage back to unit owner for rental. Each hotel guestroom is purchased in fee simple, which owners may sell or transfer at any time in the future. Hotel Condos serve as the perfect in-town pied-a-terre for those who would like a second, or even third home, but without the responsibility of maintaining a residence,collecting rent or signing a lease with tennant(and hope they pay and dont damage your rental). Whether an owner occupies the unit or places it for rent, the hotel will manage and maintain all guestrooms, providing the highest level of service in the most exclusive surroundings. The Hotel Condo has an intimate and private ambiance with all the comforts of home. These are also called "Condo Hotels" and "Condotels". ** There is also Fractional ownership.** You own a percentage with other "owners" this program is not rented out for income. It is NOT time share!
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