Frequently Asked Questions

What is a condominium-hotel?

A condo-hotel offers you the opportunity to own an elegant and exquisitely furnished hotel room in a highly coveted travel destination. Since this is a purchase, you not only get a deed to a property, which allows you to sell or transfer the room/suite whenever you choose, but also to benefit from potential tax benefits and any subsequent real estate appreciation. When you're using the unit, you have access to all the amenities of the hotel including its restaurants and spas. When not in use, you may participate in a rental arrangement.

What are the major benefits to an owner of a condominium-hotel room/suite?

The most important benefit is a hassle-free ownership. When you, your family or friends want to use the room/suite, you simply call the hotel and schedule a visit. While at the hotel, you can enjoy all the amenities and services. When the room/suite is not being used, you may participate in a rental arrangement. This is voluntary, not mandatory.

What are the tax benefits?

In many cases, just like a conventional condominium, you may receive benefits for your interest on the mortgage and real estate taxes. In certain cases, an owner can receive tax benefits from interest and principle and real estate taxes. In certain cases, an owner can receive tax benefits from interest and principle and real estate maintenance. In order to determine eligibility, a tax advisor or accountant should be consulted.

Who manages the hotel and what are their responsibilities?

The hotel is manages by Monarch Hotels and Resort, an experienced manager of luxury resorts. Monarch not only manages the hotel's rental program, but also markets the rooms/suites, takes reservation, operates the front desk, maintains the property and provides the services the hotel guests expect, such as housekeeping, food and beverage, and concierge.

What amenities and services does the condominium-hotel provide?

Condominium-hotels are designed as high end resorts. Rooms/suites owners will generally have access to valet, concierge, spa treatments, room service, maid service and world class restaurants.

Can the room/suite owner use the hotel's facilities when not staying at the hotel?

Yes, owners are always welcome whether they are in-residence or not.