Do you want to own an Orlando vacation home, but the thought of property maintenance from far away feels like a task you’d rather skip? Then a condo-hotel vacation home is a right investment for you.
What is a Condo-hotel?
A condo-hotel is a high-rise building that has been developed to operate as a luxury hotel. While it’s legally a condominium, units are sold to owners who will offer short-term rentals to vacationers. These properties also maintain a 24-hour front desk just like a hotel.
The condo-hotel model allows you to invest in a condominium that is part of a 4-star hotel. Condo-hotels have on-sight management built into the business model. This means you don’t have to vet and hire a management company on your own. As an owner, you get the luxury of a full-service hotel without the hassle of detailed management.
The on-site management team handles all the operating expenses for your unit. In exchange, they take 40% commission of the rental income. It might sound steep but it’s actually a great solution for owners who want a low maintenance solution to vacation home ownership.
To compete with traditional hotels, Orlando condo-hotels boast many amenities too. However, they are able to help keep operating costs lower than a traditional hotel by charging nominal fees for features like house cleaning, shuttles services, and wifi.
Do you think a condo hotel might be the right vacation property investment for you? Here are four recommendations for resorts to explore.
The Floridays Resort was rated the number one family hotel in the nation by Trip Advisor in 2017. Its Mediterranean style decor features pet-friendly two and three bedroom suites.
The resort amenities include an oversized pool with a playscape full of spray fountains for the kids to frolic in. Adults can soak up the sun under a nearby umbrella or take a dip in the Jacuzzi. For fitness buffs, a therapeutic pool and fitness facility is onsite to help you work up a sweat.
With 2,500 sqft of flexible event space, guests can plan weddings, business meetings, and other events right on site. Floridays also offers free shuttle service to area theme parks.
2) Lake Buena Vista Resort Village and Spa
A Walt Disney World good neighbor hotel, Lake Buena Vista Resort Village and Spa offer two-four bedroom condos. Units are designed with Florida style décor and feature full kitchens, a Jacuzzi tub, and private balconies.
A full-service salon and spa are on-site where guests can book an appointment for an afternoon of relaxation. A good meal out can be had right on the property too with various food options like an on-site Irish pub, a Pizza Hut Café Express, and a poolside bar and grille.
Other amenities include on-site meeting rooms, a Pirates Plunge themed pool and a 24-hour fitness center. Plus, if you love to shop, the Lake Buena Vista Factory Store Outlets are a short walk from the resort.
3) WorldQuest Orlando Resort
Another Walt Disney World good neighbor hotel-condo to consider is WorldQuest Orlando Resort. The two and three bedroom condos offer Mediterranean architecture and free wi-fi. Private balconies are featured in each unit with an open concept kitchen and living room.
The outdoor pool is heated for year-round enjoyment and the pool deck is peppered with lounge chairs and shade umbrellas. A tiki bar is on-site for some food and libation options. Plus, the hot tub is open late!
Guests are able to enjoy free on-site parking and can take advantage of the free shuttle to Walt Disney World parks. WorldQuest also has a contract with Orlando Grocery Express who will deliver groceries right to guest’s suites.
4) The Grove Resort and Spa
Included in USA Today’s hottest new hotel list, the Grove Resort and Spa offers guests beautiful views of the serene Lake Austin. Invest in either two or three bedroom suites with full kitchens and an upscale design.
The Grove Resort and Spa is chockfull of water-themed amenities. There are three full-sized pools with a lazy river and waterslides. One pool is even adults only with poolside service from the Springs Bar and Grill!
Other fun water amenities include an oversized hot tub and a children’s splash area. If you want to hang-ten, the Surfari waterpark features the Flowrider Surf Simulator right on sight.
No matter what kind of vacation home experience you want to invest in, Viva Orlando is here to help you make smart real estate investment decisions. We have all the information and tools you need to make the right investment for you. Contact us today to get started: Milena@Vivaorlando.com or 407-922-4620