Steven Ankrom | The hotel condo model, the engine of Dominican real estate residential tourism.
The condo hotel a formula to attract investment, which on the one hand allows to renew the facilities and update them to the demands of the market, and on the other hand offers investors relevant returns with guarantees.
The base of the condo hotel, according to Steven Ankrom, expert in Real Estate, is to make a horizontal division on a hotel use. “In the Dominican Republic there are different residential tourism projects from Cap Cana, to the ranches of Jarabacoa. The tendency of the hotel condo of Juan Dolio or Punta Cana for example, is the possibility of buying as an investment “.
The key to the success of the condo hotel is to have a unique, serious manager of recognized prestige in the sector, which guarantees the viability of the project not only to the guests staying there, but also to the investors, as well as having access to marketing channels that generate activity in the hotel and therefore income.
“The tendency of the hotel condo of Juan Dolio or Punta Cana for example, is the possibility of buying as an investment”.
An investment that the owner will be able to enjoy a certain number of weeks that are established by contract, and that will also give a return for the hotel use that the manager makes of that room the rest of the time. Likewise, to be able to enjoy the complementary offer of the establishment during the stipulated weeks.
“The owner invests in an asset deed in his name and therefore can sell in the future, with capital gains or losses depending on how the market evolves.”
An opportunity for professionals who, beyond saving their capital in savings accounts, seek to undertake investments that generate a return.