An apartment hotel is also known as a residential hotel, or extended-stay hotel is basically a serviced apartment that setup that uses a hotel style booking operations. It is as similar to your service rented apartments but no particular fixed contract and guests can decide to check out as and when they want. Investing money in hotel apartment is comparatively low cost in comparison to your traditional buy-to-let property investment. Investments made in hotel apartments are hassle free and high yield which garners the attention of buyers.
According to the New York City zoning resolutions “An ‘apartment hotel’ is a building or part of a building that is a Class A multiple dwelling as defined in the Multiple Dwelling Law, which: (a) has three or more dwelling units or rooming units; (b) has one or more common entrances serving all such units; and (c) provides one or more of the following services: housekeeping, telephone, desk, or bellhop service, or the furnishing or laundering of linens.
Restaurants, cocktail lounges, or indoor swimming pools are permitted accessory uses, provided that in Residence Districts, such facilities shall be accessible only through the lobby and there shall be no signs except as permitted by the applicable district regulations. Public banquet halls, ballrooms, or meeting rooms are not permitted accessory uses.”
From magnificent Rome architecture to artsy residences in Beverly Hills we bring you six cities in the world to invest in hotel apartments.
Dubai is the among 4th most popular tourist destination in the world? Currently, there are 676 hotel outlets in Dubai, with a number of 98,949 hotel rooms and hotel apartments. With the coming 2020 expo in Dubai, the city is targeting to attract close to 20 million visitors every year. Does it not sound great already. There are multiple hospitality projects also in the pipeline to meet the upcoming demand. Initially investing in hotel apartments was a daunting experience and was allowed only in big investors. However, hotel apartments now are willing to invite individuals to grab the opportunity in the hospitality sector. This doesn’t end here you can avail up to 10% tax-free annual returns on your investment, which guarantees a regular inflow of income. Investing in hotel apartments give you complete ownership charge with the right to sell the property as per your will, one can enjoy free vacations every year, it is a lucrative business that suits considerable demands.
Budapest has now become everyone’s favourite destination in Europe, it is undoubtedly one of the finer cities in Europe with an amazing backdrop and picturesque landscape. Budapest is the capital of Hungary in Central Europe.
The cities still maintain its old charm with modern yet traditional architecture. It still looks same as it used to look during the Ottomans era. Strategically investing in Budapest is a smart move as it is located in the heart of Europe. The place compared to other cities in Europe is affordable with extensive transportation cultural diversity, traditions make this place a lucrative investment spot. With 3,2 – 3,5 millions tourists visiting the city each year and the rising number of cheap airlines will online make the increase in visitors. The most elaborate and promising investment area is the development of the BudaPart residential and business complex on Kopaszi-gát.
Hotels in Budapest were able to successfully record increases across a number of revenue streams, including Rooms (+5.7 percent) and Food and Beverage (+1.0 percent) on a per available room basis, which contributed to the 1.8-percent year-on-year growth in TrevPAR (total revenue per available room) to €80.96.
Brazil is a vast country with rich history and traditions hence, displaying different property markets and a huge option to choose. In Brazil, Fortaleza area is in the prime focus.
This coastal region is also a top destination among tourists. Investors targeting the local holiday market can earn more than 8% net yield reliably.
A southeast Asian country Thailand is known for its tropical beaches, royal palaces and pleasant weather attracts thousands and thousands of tourists every year. Investing in hotel apartments in Thailand will offer a guaranteed return, safe investment, and integrated management.
Chamnong Buakai, managing director of property consultant Agency for Real Estate Affairs, once had said that investing in boutique hotels is one of the safest option compared to larger properties. “Boutique hotel businesses reach break-even points the fastest,” he said. “Some riverside boutique hotels now generate higher revenue per room in a month than many five-star hotels in prime locations.” Hotel investors may consider acquiring old houses or shophouses and converting them into small hotels”.
Investing in any business is not an easy task sometimes prices do go a little up and down, as it happens almost everywhere, but for any investor putting money on a small piece of Parisian house, an apartment is one of the safest and guaranteed sources of long term return.
Though its strength is diminishing as we are moving forward into 2018, the U.S. dollar is still creating euro bargains for American investors and traders. This makes for another good reason to be investing both in Portugal and France.
Another of the most attractive features of the French property market is that this is another country where foreigners are eligible for in-country financing.
The Algarve region of Portugal offers low property costs as compared to other parts of coastal Europe. Algarve’s multiple property options mean you could spend €6.2 million (a little over $8 million) on a seven-bedroom oceanfront apartment or less than €165,000 ($215,000) if you’re willing to have a less-than-optimal view of the water.
With no foreign ownership restrictions, stunning view and tropical beaches, Algarve has become a prime waterfront destination for international investors.