Beachfront Condo-Hotel for Barbados

Since I published my blog dated April 15th entitled Condo Hotels Come to Europe I have researched this popular innovation with interest and I have to say, some trepidation, in view of the fact that I was involved in the marketing of timeshare in the early eighties very successfully until the concept was ruined by bad marketing on the part of some unscrupulous developers and marketing companies giving timeshare a bad name.

Unlike timeshare, with condo hotel ownership, you are the only owner possessing whole-ownership and receive an actual deed to your property.  At a timeshare vacation destination you are a very small owner with only a right to use.

I have concluded  that the concept of condo-hotel ownership is a good one and is ideally suited for investors and homeowners who want the flexibility to decide when they want to visit their overseas home without the problems of maintenance and in the knowledge that a good rental income can be realised whilst their investment is growing.  Many investors like the idea of the property being centrally managed and hassle free plus the luxurious amenities with many having tennis courts, spas, restaurants, bars, saunas, swimming pools etc.

Most people unknowingly have stayed in a condo-hotel on vacation as they are typically large high-rise luxury hotel buildings.  Each condo-hotel unit is sold to individual investors who may use their unit for a specified amount of time, and when not used the investor has the option of placing it into the in-house rental programme.  Rental revenue is shared with the operator and helps defray the unit owner’s expenses. 

This idea has now been taken up in many parts of the world including the beautiful island of Barbados with units currently being sold at pre-construction prices and proving to be very much in demand.  There will be a share ownership structure, which is common in Barbados and individual owners will be the shareholders giving exclusive ownership of a particular residence.  There will also be the opportunity to exchange time with other owners of private club residences or condo-hotels throughout the world, so it really is an exciting safe concept.  The residence will be governed by a Management Agreement whereby necessary services will be carried out such as reservations, check in, check out, issuing room keys and any other management functions needed to operate the hotel.  Mortgage options are available.

This unique concept means that investors and holiday makers alike can purchase luxury accommodation in one of the most beautiful islands in the world at very affordable prices with the opportunity to enjoy the same luxury in many destinations throughout the world.  For details of preconstruction prices do visit the section listings on our web site and dont hesitate to blog or contact us for fuller information of what is available and exact location.

Views welcomed and contact us for further information.

Eugenie