Ownership of a Trump Vacation Home
you ever dreamed of owning a second home, somewhere
you could escape to on long weekends and impromptu
anxiety about maintaining the home, finding someone
to rent it when you're not there, or even justifying
the expense because you plan to use the home only
a few weeks out of the year, has kept you from making
this dream a reality, then a condo hotel could be
the ideal solution for you.
hotels are a new type of vacation home. They allow
you to own a luxury condo at a world-class hotel,
and someone else takes of maintaining it and finding
renters whenever you're not using it.
Premium quality condo hotels, such as those operated
under the Trump International name, feature five-star
amenities and services. At any of the Trump condo
hotels, you can expect to find everything to make
your vacation a magnificent retreat including:
State -of-the-art fitness centers
Fully-equipped business centers
Lounges and night clubs
Meeting and convention facilities
Prime Vacation Destinations
When you go on vacation, where do you want to be?
On the beach, near a golf course or theme park, or
in the heart of a large city downtown?
condo hotels can be found on prime land in these types
of highly-desirable locations. As the condo hotel
concept has gained momentum, properties have begun
cropping up around the U.S. and the world.
began the condo hotel trend with popular cities like
Miami Beach, Fort Lauderdale and Orlando leading the
way. Now places like Myrtle Beach, Las Vegas and Chicago
have numerous condo hotels as well. On the international
front, you can find condo hotels gaining favor as
well with properties in select locations in Canada,
Jamaica, the Bahamas, Philippines, England, Spain,
Thailand and more.
Condo Hotel Locations
Leading the condo hotel trend is Trump International.
Condo hotels currently exist or are in development
in Fort Lauderdale, Florida; Las Vegas, Nevada; Chicago,
Illinois, Waikiki, Hawaii; Toronto, Canada; Panama
City, Panama; and Dubai, UAE.
the Trump organization is actively seeking additional
development opportunities, more condo hotels in diverse
locations around the world will likely soon join these
Revenue Offsets Expenses
What makes the condo hotel concept so attractive and
also so different from the typical vacation
home? It's the opportunity to participate in an optional
rental program. When you're not using your condo hotel
unit, you can place it into the hotel's nightly rental
return, you'll receive a percentage of the revenue
your unit generates (typically 50% but it varies by
property), with the balance going to the hotel operator.
The income your condo hotel unit generates will help
defray the costs of owning your vacation home.
every condo hotel is a little different, in most cases
the hotel pays for operating expenses and you, the
individual condo hotel owner, will be responsible
for real estate taxes, insurance and capital improvements.
Again, your costs will be offset by the rental revenue
hotel operator capitalizes on the hotel's franchise
name, advertising, affiliations and centralized reservation
system to keep rooms filled. With a brand like Trump
International, consistent occupancy can be assured
and top dollar can be charged as a nightly rate.
It's not only the opportunity to participate in the
earnings from a vacation home that appeals
to many condo hotel buyers, the biggest benefit may
be that ownership is 100% hassle-free.
the hotel operator takes care of renting and cleaning
the condo hotel units as well as maintaining the common
areas and hotel amenities, you never have to worry
about any problems typically associated with owning
a second home. No late night calls about leaky pipes
or concerns about renters who don't show. Those headaches
belong to someone else, and your condo hotel vacation
home is strictly for your enjoyment.
While most owners look upon their condo hotel unit
as a vacation home, you might also find merit in owning
one as an investment. Condo hotels are indeed real
estate, and traditionally real estate has appreciated,
particularly when it's located in a prime vacation
destination and has a name like Trump International.
Many Trump condo hotel owners hope to sell their condo
hotel unit at a profit in the future.
of Both Worlds
Whether your desire is to own a first-class second
home with incredible amenities where you can escape
for annual vacations or whether your goal is to diversify
your investment portfolio, Trump condo hotels could
be right for you.
Featured Properties to find the best
location for your next vacation home. Or contact us
today with your questions regarding Trump Condo Hotels,