The hotel-condo marketing strategy that started in resort areas is now spreading into all major metropolitan areas.   Many  hotel chains now sell condo hotel residences and it is particular popular and prevelant with the larger, luxury oriented chains.   There are variations of this same concept speading to nearly every market area.    This provides the advantage of a guaranteed income to the hotel (via maintenance fees), while they generate additional and on-going income through a share of the rental income from the condos when they are not in use by their "owners".  

The hotel-condo is  an interesting, viable, and emerging sector of the housing market.  I would like to see a project like this come to the Wenatchee area.   Baby-Boomers are looking for a vacation lifestyle  with  spacious accommodations, dining and activities.  I believe with all the tourism in our area, this could be a popular option.

Simply, here’s how the "condo-hotel" concept works.  You purchase a hotel-condo and use the residence whenever you want.  When you are not using it you can put the residence in the hotel’s rental program and share the revenue with the hotel. The hotel’s management company takes care of all the management issues such as cleaning, renting and maintaining.    Another variation of this concept is the cruise ship condo.

These residences offer the best of both worlds, a hassle free residence  and the rent revenue that you receive helps offset the costs of owning a 2nd or 3rd home.  There is also the potential for appreciation, of course.  

Carol@TopPropertiesWenatchee.com
http://TopPropertiesWenatchee.com
http://www.CarolsWenatchee.com