Monday, March 11, 2013

Ft Lauderdale area Condo Hotels

Condo Hotels Ft Lauderdale
It appears as though condo hotels or "condotels" are sticking around for a while. During the real estate boom developers built several condo hotel projects on Ft Lauderdale Beach to create additional revenue from the hotel rooms. This is in contrast to conventional condo projects where developers get paid only when a sale occurs.  Projects such as The Q Club Hilton Resort, The Atlantic & The W Hotel Resort & Residences all were built and marketed as condo hotel resorts where owners could rent their units out daily but not live in them year round.

In the post boom era, there are still developers speculating on the demand of weathly buyers looking to capitalize on the benefit of vacation ownership with little hassle.  New condo hotels that have been announced in the Ft Lauderdale area include:

  • Costa Hollywood, a 304 beachfront project
  • Beachwalk condos, a 216 condo hotel also in Hollywood proposed by the Related Group
No news yet on the plans for the The W Hotel Resort & Residences Ft Lauderdale which was marketed for bulk sale a short time age.  The same holds true for plans for the former Trump International Condo hotel, which is also being marketed for a bulk sale. 

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