It’s a Condo, It’s a Hotel, It’s a Las Vegas Condotel
The hottest new properties in the Las Vegas Real Estate market are the new "condotels." Part hotel, and part condominium, these lavishly furnished units are leased out when the owner is not in residence.
Las Vegas, NV (PRWEB) November 30, 2005 -- Some of the hottest properties in Las Vegas are the new “Condotels.” A cross between a condominium and a hotel suite, the condotel is a lavishly appointed and fully-furnished condo with a difference: when the owner is not in residence, an on-site leasing agent rents the condominium out to hotel guests for the local Las Vegas casinos.
The attraction for real estate investors and occasional residents is obvious. Rather than having to deal with tenants (or even worse, letting your Las Vegas condo sit empty much of the year) you can relax, knowing condo is being properly managed and providing ongoing income. And when you visit Las Vegas, you needn’t bother with a hotel: you’ll have your own Las Vegas condo, often right on the Strip.
The demand for these income-generating Las Vegas condominiums is so high, they’re often sold out before ground has been broken. Great examples of these hot new Las Vegas condos / hotels include Aqua Blue, Palms Place and the incredible 2,400 unit Cosmopolitan.
The real estate market in Las Vegas is beyond impressive – it’s downright bewildering. To save a lot of money and heartache, it’s now more important than ever to deal with a professional real estate agent. This is especially true when faced with the added complications presented by a hotel/ condominium.
For information on how you can be a part of this booming trend in Las Vegas real estate, contact Michele Sullivan at 702-860-8995 or 702-403-6007. Or visit VegasNewHomeFinders.com.
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