Owning a second home in a desirable vacation destination is a dream for many people. However, the high costs and burden of maintaining a property far from their primary residence can be a barrier to the dream-come-true lifestyle.
That’s where partnerships between real estate companies and a luxury hotel or resort can come into play. We’re not talking about basic timeshare programs where you buy into a package that gives you access to a few weeks a year at one (or various) properties. This is bigger than all that.
This is a financial investment that can reap great returns if handled properly, provided the buyer puts in the time upfront to do substantial research. Hotels are looking to cash in on this opportunity, too. It makes a lot of sense for hotel developers to secure ample funds at the beginning of new construction to support new-build projects or additional investment.
High net worth individuals, who may already have plenty of diversification in their investment portfolio, are turning to real estate options in collaboration with luxury hotel brands for the added variety (and perks) they offer. These are residences sold as luxury abodes attached to major hotel and resort brand properties and featuring the amenities that come with.
This story is from the April 2020 edition of Business Traveler.
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This story is from the April 2020 edition of Business Traveler.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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