International property company escapes2.com has added The Blue Rose Condominium Hotel Residence in Orlando, Florida to its expanding portfolio of world-class developments.
The Blue Rose is a 1,300 unit condo hotel which combines the benefits of real estate ownership with the luxuries of an elite resort. The development will consist of three soaring towers high above a Las Vegas-style entertainment complex featuring a dazzling Broadway Theatre, five internationally themed restaurants and a relaxing spa... all located on a private tropical lake between International Drive, Universal Studios and The Convention Centre. And only a short drive from Disney, MGM and Sea World.
This unique billion-dollar, 39-story condominium hotel and resort has recently been awarded the ‘Visionary Project of the Year - 2006’ by The Developers and Builders Alliance. The development will have one, two, and three-bedroom residences, lofts, studios and stunning penthouses, with prices starting from $350,000. The residences range from 575 to over 3,000 square-feet. All properties will come fully furnished and equipped, including plasma televisions and wireless broadband internet. Ownership privileges may also include participation in a rental arrangement.
Adrian McDermott, managing director for escapes2.com says: “We are delighted to add The Blue Rose to our portfolio; we believe condo-hotels offer an excellent low-risk investment in one of the most popular holiday destinations in the world.”
So how do condo-hotels differ from owning a traditional condominium or vacation apartment?
• The properties are typically large, high-rise, luxury hotels and the suites are fully furnished and equipped to a standard you would expect from a luxury 4-star hotel.
• When the owners of condo-hotel suites aren't using their units, they have the option of placing them into the hotel's rental program to receive hassle free rental income.
• While the developer doesn't guarantee the rental of the unit, by capitalising on a hotel's name recognition, advertising, national affiliations, centralised reservation system and management expertise, most unit owners may typically receive a higher level of rental income than they would from a traditional vacation home.
• As part of the rental agreement, the hotel pays for most operating expenses such as marketing, housekeeping, and administrative costs. The condo-hotel owner typically pays for insurance, real estate taxes, and capital improvements.
Escapes2 is a leading overseas property company that offers an extensive choice of new build and resale properties from around the world. Catering for serious investors as well as individuals looking to buy a second home, it markets over 500 new developments and 1000s of resale properties at any one time. From its offices in Manchester in the UK and Estepona in Spain, escapes2 deals with properties from the USA and Caribbean, to Europe, the Middle East and beyond to South Africa and Asia.
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