Guestinvest Is Not The Only Option
Posted on November 4, 2008
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GuestInvest has done remarkably well to introduce the hotel room ownership investment concept into the UK. But GuestInvest is not the only option for this type of investment opportunity. Indeed, the GuestInvest concept (also known in the UK as Aparthotel Ownership or as Condo Hotel ownership in the US) is becoming a popular alternative to traditional vacation home ownership or timeshare ownership and is proving to be a genuinely good investment.
What is this investment concept?
It is becoming very popular in the hospitality industry, attracting well known brands such as Trump and Buena Vista to name only two. A person buys a room within a Hotel paying regular association fees, property tax, and all the other fees associated with owning real estate. Unlike time-shares, the owners are free to rent their aparthotels as often or as little as they like. The hotel rents out the aparthotel units just like a regular hotel, handling reservations and all guest services. The hotel then splits the income equally with the aparthotel owners.
A lifestyle investment
For the right person, family or investor, an aparthotel makes perfect sense. Those seeking the flexibility of coming and going as they please, without the limits of a time-share, will love the idea of aparthotels. People looking to turn their second home into an income producing investment will also welcome the income generated by aparthotel bookings.
Purchase an aparthotel in Orlando, New York, Las Vegas or any popular vacation destination will benefit from high occupancy rates whilst enjoying the ability to use it themselves whenever they wish.
Location is key
GuestInvest has succeeded in bringing the concept to London but how about owning a luxury apartment in the heart of New York, overlooking Central Park or next door to Sea World in Orlando?
As with all property investment, location is absolutely vital but even more so with aparthotels as they are hotels at the end of the day. All hotels live and die by the numbers of guests they get through their doors so always consider this when looking for an aparthotel investment.
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