What is a Condo Hotel and a Condominium?

The Condominium Mexico, can be defined as follows:

A real estate construction divided into private units, which include their parking spaces and common areas.

These common areas are listed in detail on the property titles, such as:

The game room, pools, garden area, and elevators are jointly owned by all other condo owners, and are managed by the homeowners association.

What is a Condo Hotel?

A Condo Hotel can be defined as follows:

"Real Estate Developments in Condominiums that offer short-term rentals at a reception open to the public"

What should be considered from this definition is the following:

1. Each condo unit is wholly and individually owned by the buyer / investor.
2. The buyer may choose to authorize an on-site management team to manage the rental and maintenance of their individual unit, as well as the amenities offered to vacation rental guests, as well as the marketing of their rental unit.
3. The investor, in most options here in Mexico, has the right to choose whether he wants to place his unit in the rental pool, or decides to have a private 100% use.

We have arranged with many buyers from the United Kingdom, the United States and Canada, who have the objective of investing in Mexico and gaining a rental of their vacation units while they are back in their homes.

Condo hotels have been an excellent option for such investors. Typically, condo hotels will have professional and fairly experienced management staff on site. In such cases, rental rates may be higher than outsourcing options.

Outside options would be community property and rental managers who have built their businesses by renting condos and vacation homes in Mexico in the region.

Are the Condo Hotel rates worth it?

Despite the fees charged by the management team in the condo, it can be beneficial to the investor if the management team can keep the unit occupied at a high percentage point.

This is usually possible, as most of the managers invited to manage have a background and experience in real estate marketing, nationally and internationally, which pays off in the long run to keep the unit full of tenants.

Condo Hotels today have become quite available in various parts of Mexico, since the options that this investment in Condominium usually offers to the buyer or investor, are very well focused and directed around the management problems and the comforts of the property.