Do condo hotels appreciate?

Yes, condo hotels can significantly appreciate while the owner receives revenue that helps cover the expense of ownership. Additionally, owners of condo hotel units are able to resell their units at any time while retaining the profits from appreciation.

Can you finance a condo hotel?

Yes, those interested in condo hotel ownership and investment can take advantage of condotel and non-warrantable condo loans. These loans run approximately a half percent higher than most conventional mortgage loans.

Can condo hotel owners rent out their units themselves and keep the revenue?

Yes, however the downside to self-managed rental is the cost in both time and labor required to rent out the property. A condo hotel management company can handle all the marketing and promoting of the property, ensuring maximum tenancy, as well as maintenance, upkeep, reservations and management of day-to-day operations. A management company’s experience can play a vital role in ensuring maximum return on investment.

What are some keys to a successful condo hotel?

A successful condo hotel offers amenities that guests are looking for in a desirable location. It is vital that the relationship between the guests and condo hotel management is a strong one, and that the needs and wants of guests are considered in all facets of the property’s offerings and operations.

What is in the agreement between the condo hotel buyer and the hotel management company?

Agreements between condo hotel management companies and condo hotel buyers allow owners to feel safe and secure in their investment. These agreements can include guarantees on revenue received by each party, standard deductions for equipment and amenities, financial responsibilities, and notices required for owner’s usage of their condo hotel units.

Count on our Condo Property and Condo Hotel Management Services at Lake Tahoe and Truckee

Granite Peak Management has a proven track record of outstanding service in the condo hotel market. From excellent customer service, marketing and reservations to housekeeping and maintenance, our professional team of experienced hotel and property managers continues to deliver. The goal is to achieve a preferred hotel that follows through with profit for the owners and ease and support for the Board.
See our current portfolio of condo hotels, the perfect destinations for an authentic Lake Tahoe vacation experience.

Frequently Asked Questions

Do condo hotels appreciate?

Yes, condo hotels can significantly appreciate while the owner receives revenue that helps cover the expense of ownership. Additionally, owners of condo hotel units are able to resell their units at any time while retaining the profits from appreciation.
Can you finance a condo hotel?

Yes, those interested in condo hotel ownership and investment can take advantage of condotel and non-warrantable condo loans. These loans run approximately a half percent higher than most conventional mortgage loans.
Can condo hotel owners rent out their units themselves and keep the revenue?

Yes, however the downside to self-managed rental is the cost in both time and labor required to rent out the property. A condo hotel management company can handle all the marketing and promoting of the property, ensuring maximum tenancy, as well as maintenance, upkeep, reservations and management of day-to-day operations. A management company’s experience can play a vital role in ensuring maximum return on investment.
What are some keys to a successful condo hotel?

A successful condo hotel offers amenities that guests are looking for in a desirable location. It is vital that the relationship between the guests and condo hotel management is a strong one, and that the needs and wants of guests are considered in all facets of the property’s offerings and operations.
What is in the agreement between the condo hotel buyer and the hotel management company?

Agreements between condo hotel management companies and condo hotel buyers allow owners to feel safe and secure in their investment. These agreements can include guarantees on revenue received by each party, standard deductions for equipment and amenities, financial responsibilities, and notices required for owner’s usage of their condo hotel units.

Count on our Condo Property and Condo Hotel Management Services at Lake Tahoe and Truckee

Frequently Asked Questions

Do condo hotels appreciate? Do condo hotels appreciate?

Can you finance a condo hotel? Can you finance a condo hotel?

Can condo hotel owners rent out their units themselves and keep the revenue? Can condo hotel owners rent out their units themselves and keep the revenue?

What are some keys to a successful condo hotel? What are some keys to a successful condo hotel?

What is in the agreement between the condo hotel buyer and the hotel management company? What is in the agreement between the condo hotel buyer and the hotel management company?

Do condo hotels appreciate?

Can you finance a condo hotel?

Can condo hotel owners rent out their units themselves and keep the revenue?

What are some keys to a successful condo hotel?

What is in the agreement between the condo hotel buyer and the hotel management company?