Guide to Purchasing a Costa Rica Condo Hotel – Part 3

 

Mainly, as an investment you can expect to earn rental revenue which can help offset expense associated with your acquisition of a Costa Rica condo. As a vacationer, you can enjoy your condo anytime you want thus you have a vacation home in a exotic locale which earns you money without any effort on your part. Also, you could have access to resort features such as fine dining, spas, concierge services, etc which most luxury hotel brands will have. If the Costa Rica condo you purchase has a powerhouse like Wyndham Worldwide which will soon operate the Wyndham Jaco Beach, you can be very confident in their ability to market your condo and earn you rental revenue. Many Jaco Beach condos owners try to rent out their own condo via internet sites like VRBO, which is abbreviated for Vacation Rental By Owner or even Craigslist. If you can talk honestly to any of these owners, they can attest that playing rental agent is not an easy task and to earn money it is a full time endeavor.

A company like Wyndham brings their management experience, their worldwide network of reservation agents, and their brand name to the table which benefits the owners in a condo hotel project. In general, condo-hotel projects which partner with hotel brands such as Ritz-Carlton or Wyndham are in high demand and often difficult to acquire because of the confidence these brands can bring to the future rental revenues.

Most condo hotels have wonderful features and services that enhance their appeal to potential buyers as well as future renters. Typical amenities are spas, health and fitness centers, fine dining, business centers and more. Services could include valet, concierge and housekeeping. Condo hotels offer hassle-free Costa Rica vacation home ownership. The on-site management company takes care of all upkeep, maintenance and interaction with renters. Owners of condo hotel units have the right to resell their unit at any time. They keep any profits derived from appreciation. Thus condo hotels combine vacation home ownership with investment potential.

In the past, this type of investment was only for the super-rich where they would build a property and then lease it to a company such as Ritz-Carlton for 30 years. This often surprises many people but few hotel properties are actually owned by the brand hotel that operates it. Usually when a hotel such as Wyndham chooses to move into a new market they will partner up with investors who will build the property and Wyndham will manage it. This is a very successful recipe for both parties. Wyndham which has a worldwide reach with customers and travel agents can market the property much better than the original builders of the property they are using. Therefore, how you benefit from purchasing into a condo hotel project is multifaceted. Rental revenue, professional property management, owner access to premium services, and high resale value benefits you and the other condo owners.

Coldwell Banker Vesta Group Jaco will only sell products that are professionally managed, titled, insured, and registered with the Costa Rican government. If you are interested in purchasing Costa Rica estates for sale or Costa Rica condos for sale and would like to inquire about more information on the offerings in the Jaco Beach area please contact Lisle Head by calling toll free 866-403-1345  or you can send us an email using this contact form. You can be confident when purchasing through a trusted company like Coldwell Banker which has over a 100 years of success in servicing the real estate industry. Coldwell Banker Costa Rica is held to the same standards as all Coldwell Banker offices are in the United States, so you can be assured that you will receive the same service as if you were stopping by your local Coldwell Banker office in your home town.