TAGAYTAY CLIFTON RESORT SUITES

One type of real estate investment is the condotel. Is the condotel a good and viable alternative? Is it for everybody?
A condotel is generally described to be a condominium project that is operated as a hotel with general accommodation, concierge and housekeeping services. The different rooms of the condotel serve as the investment opportunities for investors. In effect, the individual investors become the owners of the units and are also the part-owners of the condotel as pertinent documents of legal ownership are present.
There are quite a number of benefits that are associated with condotels. With a condotel, there is the possibility of gaining through property price appreciation. If the condotel does well and, if in the future, the investor will decide to sell the condotel unit, the prospect of generating significant financial gains through a high selling price will be likely. These gains give the investor more flexibility in terms of finances.
The condotel is also potentially a good source of passive income. Many people who would buy condotels would be primarily working hard to maximize their active income. The rental income that would be regularly generated by the condotel can significantly augment active income. This will then make cash inflows healthier and if the rental income is continuous, then the cash inflows become more sustainable.
The condotel can be viewed as a home away from home. Usually, condotel investments would have a host of other benefits like access to various social and business amenities. A certain number of free nights in a year are given to each investor of the condotel. In today’s fast-paced environment, having a place for rest, recreation and quality time with the family certainly bring about intangible benefits and fond memories.

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