Hotel Conversions Are The Latest Trend In South Beach Condos
Hotel Conversions Are The Latest Trend In South Beach Condos
The condo market in South Beach is still alive and well. The latest trend to hit the south beach condo market is hotel conversions that are basically just what they sound like. A decade ago a hotel condo conversion meant that an older outdated hotel was being converted into condo units which were then sold off individually. The technique worked so well that now big names in the hotel business such as RitzCarlton Hilton and Four Seasons are getting in on the act.
A Growing Trend
Todays South Beach Condo hotel is more than likely going to be a brand new building that can offer all of the amenities that one would expect in any luxury hotel. They are targeted for a buyer that is interested in the finest hotel accommodations without having to check in and out. While the concept is relatively new having only been around for less than ten years it is being met with avid acceptance.
A Wide Selection in Floor Sizes
In fact a recent check has found that even in todays lackluster nation wide real estate market most South Beach condo hotels are being sold out before they are even built. One of the features that makes this new style of condo so popular is the wide assortment of floor sizes that are available. They range in size from as small as 250 sq. feet to 750 and on up to full sized penthouses.
Full Range of Services and Activities
One thing that they all have in common though is that all condo owners in these full featured buildings have full access to the multitudes of service options that are available. These usually include one or more health and fitness centers restaurants and coffee shops game rooms swimming pools saunas and valet parking.
A Secure Property Investment
Still one more benefit of this newer style of condo hotel that is springing up around the South beach area is that because they tend to be taller buildings so many of their units feature fantastic views off their back balconies. As an investment the prospectus on South Beach condo hotels appears healthy and is expected to remain secure well in to the foreseeable future.
About the writer: Written by Mandel Dominus. Find the best information on South Beach Condos as well as Miami Condo For Sale
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