Condo-hotels combine the benefits of residential accommodations with the services and amenities of a first-class hotel. The Condo-Hotel Model allows owners of individual units the opportunity to invest into the Condo-Hotel Rental Pool, gaining rental income when they’re not enjoying their unit. Guests benefit by receiving a first-class hotel operation with the amenities and services of traditional hotels.
How it Works
Rooms Revenue Sharing %
FFE Fund & OS&E
Cable & Internet
HOME OWNERS ASSOCIATION
HOA Fees From Owners
Insurance (Public Areas)
Rooms Revenue Sharing %
Direct Hotel Operations
Sales & Marketing
THE CONDO-HOTEL BENEFITS
Owners may choose to participate in the hotel’s revenue sharing rental program, gaining significant rental income generated by their unit while still enjoying their unit throughout the year. The exact revenue-sharing percentage varies based on market and property, typically ranging from 40% to 60%.
Upkeep & Maintenance
Maintenance and upkeep are essential aspects and a key benefit of condo hotel management. The Unit Owner contributes a percentage of revenues (typically 2%-4%) to the unit’s Reserve Account. KHR oversees the regular maintenance, repairs and asset-replacement of the units in the rental pool. Well-maintained properties attract more guests and generate higher rental income.
Elevated Services & Amenities
Condo hotels are known for offering a wide array of amenities and services, similar to traditional hotels. These can include things like restaurants, pools, spas, fitness centers, and concierge services.
Improved Resale Value
Condo hotel units in the rental program have strong resale value due to their established rental income history, making them more appealing to potential buyers.
CONDO-HOTEL MANAGEMENT SERVICES
ACCOUNTING & OWNER’S STATEMENTS
Preparation of Owner’s Income Statements and the Hotel’s Financial Reporting
Comprehensive hotel marketing including website branding, digital marketing, distribution, sales & contracting, reservations and revenue management
First-Class Hotel Property Management System with automated payment fulfillment
STANDARD OPERATING PROCEDURES
Four-& Five Star Level Service & Product Standards and Procedures
FF&E PURCHASING & DESIGN
Selection and acquisition of stylish and durable furnishings to create a comfortable and visually appealing environment for guests
QUALITY ASSURANCE AUDITS
Periodic Assessment of the Property’s Processes and Standards
STAFFING & EXEC. RECRUITMENT
Recruitment and training of a diverse team of hospitality professionals dedicated to providing exceptional guest experiences
FOOD & BEVERAGE
Offering a wide range of dining and drink options, ensuring guests have access to diverse culinary experiences during their stay