Rosarito Beach, CA (PRWEB) September 7, 2006
The Rosarito Beach Hotel (http://www.remax-baja.com/condos-page01.php) has been called glamorous, beautiful and magical. Soon, some people will be able to call it home. Starting in September, construction will begin on a 17-story, 271-unit condo complex on the south side of the world-famous hotel. Completion is scheduled for March of 2008. Contact Re/Max Baja Realty at http://www.remax-baja.com.
The 750- to 1,900-square-foot one-bedroom to penthouse oceanfront units are priced from $175,000 to $550,000. Forty percent of the fully furnished units have been pre-sold in two months, with almost no advertising.
“It’s been word-of-mouth and the many repeat guests of the hotel,” said Gustavo Torres, director of sales for the project. “Plus, people don’t often have the chance to buy a second home that has bars, spa and restaurants attached. It’s also an opportunity to have a vacation home that has the potential to generate an income,” Torres said.
Buyers have the option of having the hotel rent their units to guests when they are not in use, with revenue split 50-50 between the hotel and the owner. Almost all buyers are expected to choose this option, Torres said.
“This is a major step in the ongoing development of the hotel,” said Hugo Torres Chabert.
The Rosarito Beach Hotel, initially the grand home of the founding family, opened to the public in 1925. Since then, a wing has been added to the north side of the hotel and another to the south.
The city of Rosarito Beach (http://www.remax-baja.com/rosarito-real-estate.php) grew up around the hotel, which is famed for its fine food and service, stunning ocean views and glorious architecture. It has been a favorite spot of Hollywood stars including Marilyn Monroe and Frank Sinatra.
The Rosarito Beach condo-hotel project will replace 40 garden rooms and will provide an additional luxurious option to hotel guests that travel to northern Baja.
According to Laura Torres, the hotel’s vice president of Marketing, “the demographics of Rosarito are changing with all the baby boomers coming down south. Many of our clients who come here are looking for more luxury.”
The corridor from Tijuana to Ensenada is in the midst of a building and real estate boom, (http://www.remax-baja.com/baja-california-real-estate.php) with thousands of oceanfront condos being purchased by Americans at a fraction of U.S. prices. A new, more affluent market has been created.
Americans have been the primary buyers at the condo-hotel project, Torres said. Although many might eventually retire there, they now plan to use the units as second homes or income properties, Torres said.
The project is designed in a Spanish colonial/mission style that blends with the hotel. It includes 192 one-bedroom, 65 two-bedroom and 14 penthouse units. Each is fully furnished in modern Mexican style, and includes flat-screen television.
The condo project will feature beautifully landscaped gardens, state of the art gym, swimming pools, Jacuzzis and several bars. The top floor will have an indoor-outdoor recreation area, with a water feature as the center of attraction. And, yes, room service from the hotel will be available to condo owners along with access to the hotel’s European spa and gourmet restaurant.
“You can go away to your vacation home and really be pampered,” Laura Torres said.
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