Aparthotels - Property Investment without the Hassle
There is a new trend within the UK which is gathering momentum. Property investors, who previously invested in buy-to-let, typically investing in city based apartments, are turning towards an investment opportunity learnt from our friend in the States.
In the US and other locations across the world it is quite common to invest in condominium apartments which are fully managed, maintained and promoted under a brand name that the public recognize. They cater for short to medium term stays of between a day to a week or more and so achieve high occupancy levels compared to that of an apartment let on an Assured Shorthold Tenancy Agreement (AST).
Availability, Accessability, Convenience
Aparthotels provide a level of availability, accessibility and convenience that regular rentals simply cannot match. Typically big cities attract a large transient work force who arrive on a Monday and leave on Friday to return to homes and families. Many employees work on a temporary contract basis or secondment that may be of an indeterminate length. This makes it difficult for them to commit to a six month rental contract as their situation can change with a few days notice.
Step forward the aparthotel which offers benefits to both the investor and the occupier as the space offered is more generous than just a hotel room, and the services are more in tune with clients needs.
Property investment within an aparthotel has many benefits for the investor, as the management, maintenance and marketing aspects are taken care of.
Does Your Property Investment Stand Alone?
Negative aspects of this type of investment need to be considered before you go ahead and invest, such as – if the hotel management company goes bust, what happened to your investment? Also: Does your investment stand on its own as a discreet unit in the same way that a regular apartment does?
More Info…
If you are interested in this type of property investment here are a couple of sources of further information:
Guest Invest – Hotel Investment Opportunities
Telegraph - Room Service Offers More Tahn Just a Smile
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