As Seen in the Chicago Tribune and Washington Post, InnSuites Offers Condo Hotels
PHOENIX, Sept. 12 /PRNewswire/ -- Guests who want to live like they are staying at a resort on vacation and also enjoy the Valley's remarkable real estate and hospitality industries have a new alternative. "These innovative vacation homes are amenity-clad and maintenance-free for a Limited Pre-opening Price & Selection," says Carole Kittelmann of Coldwell Banker.
The appeal of hotel condos has already boomed in Florida, Hawaii and Las Vegas and is now expanding to resort cities such as Phoenix. "Condo-hotels earn like commercial hotels and appreciate like residential condominiums," said Dante Alexander, the founder of the National Association of Condo Hotel Owners, of which InnSuites Hotels and Suites is a member. Some industry analysts anticipate condominium hotel ownership will displace timeshares as the preferred resort ownership method of the 21st century.
InnSuites Hotels is in the process of renovating the InnSuites Biltmore Hotel and Suites Phoenix nestled in the shadows of Piestewa Squaw Peak, at 1615 E. Northern Ave. building luxury studio and suite-sized hotel condominiums available for individual purchase. Owners enjoy full use of all hotel amenities including the heated pool and Jacuzzi spa, fitness center, business center, complimentary social hour and complimentary hot breakfast buffet -- What better way to vacation? If desired, the condo suite may be rented to other travelers as a traditional hotel suite when its owners are not using their condo. The homeowners association and a professional management company handle marketing, reservations, concierge service, maintenance, billing and other details while sharing the proceeds with the condominium owner.
"This is an ideal opportunity for a person to get the best of both worlds -- enjoying the convenience of a maintenance-free vacation resort lifestyle in beautiful Phoenix, while still getting involved in the real estate market at a very affordable price," said Pamela Barnhill, Vice-President, Development.
Pre-sale condo hotel units start from the $150's, with 109 units available for purchase and no limitation on the maximum number a buyer's extended family may purchase.
Hotel condos are not timeshares or fractional ownership where owners are typically allotted a few weeks of the year to use their condo. Each owner actually owns their individual hotel studio or suite plus an undivided interest in the entire suite hotel project's public areas as well as the valuable Northeast Central Phoenix resort-area land for vacation use and long-term real estate value.
Yet the condo hotel suite may also be exchanged just like timeshares but with more options.
Typically, condo hotel buyers are vacationers who value the abundant services and hotel amenities available in resort areas as well as buyers who recognize the appreciation potential of a revenue-generating vacation home (all with no hassle).
Today's resort-area real estate market with relatively low interest rates and a deeded fee simple ownership compares favorably with savings accounts or a volatile stock market. Because the concept differs from traditional vacation home ownerships, Coldwell Banker is offering a Grand Opening September 28, 2006 from 3-6pm to answer questions about purchasing a condo unit hotel. RSVP to 602.997.6285 x109 to attend.
About InnSuites Hotels & Suites InnSuites Hotels is part of InnSuites Hospitality Trust (AMEX:IHT), founded and headquartered in Phoenix, Arizona. InnSuites owns, manages and/or licenses 11 hotels throughout the southwest including properties in Arizona, New Mexico, Texas and So. California.
Sales and Marketing by Coldwell Banker Residential Brokerage. Coldwell Banker Real Estate Corporation. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Equal Housing Opportunity. Owned and Operated by NRT Incorporated.
For more condo hotel information and registration at no obligation, visit http://www.condohotelvacation.com/ and/or call Carole at 602.997.6285 x109 or Pamela at 602.997.6285 x407.
For InnSuites hotel suite information and reservations, visit http://www.innsuites.com/ or call 1-888-INNSUITES. DATASOURCE: InnSuites Hotels CONTACT: Pamela Barnhill of InnSuites Biltmore Hotel & Suites Phoenix, +1-602-997-6285, ext. 407, Web site: http://www.innsuites.com/ http://www.condohotelvacation.com/
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