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Vie L'Ven Marks First Condotel Investment Opportunity in St. Maarten

जुन १९, २०२४
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Quick Summary

Condotels are rising as a real estate development structure in major tourism hot spots such as Miami and beyond due to robust demand from individual property investors seeking greater flexibility in rental assets, and real estate developers looking for creative opportunities in the alternative real estate market. The new Vie L'Ven Resort and Residences development in Indigo Bay is the first of its kind in Sint Maarten, offering owners a unique structure and opportunity to own a piece of paradise while earning a return on their investment. As the Wall Street Journal put it, "condotels let investors mix business with pleasure."

Here is everything you need to know...

What is a Condotel?

According to Investopedia, "a condotel is a condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are typically individually owned. Unit owners also have the option to place their unit in the hotel's rental program where it is rented out like any other hotel room to paying guests. Condotels are typically sold as secondary homes rather than as primary residences."

Condotels are technically condominium developments, with individual unit ownership. The major difference is that unlike traditional condominiums, unit owners can earn income from short-term rentals of their units to paying hotel guests, which is further enhanced by all of the service, staff, and amenitization of hotels such as a valet parking, room service, daily housekeeping, and concierge services. Aside from the income generation potential of owning a unit in a condotel development, the unit, which can resemble a spectrum of layouts ranging from a traditional hotel room to a lavish apartment, can also be utilized by the owner as a secondary property for leisure and vacations. 

Condotels vs. Timeshares - What's the Difference?

Timeshares have been around for decades, gaining popularity due to their relative low cost of entry and appeal to repeat travelers to a given destination. While there are some similarities between condotels and timeshares such as being deeded, the differences are noteworthy. 

One of the primary differences between owning a timeshare and owning a condotel unit is the owner usage flexibility. When purchasing a timeshare, owners typically select a specific location and specific set of dates that the owner can use each year. Investing in a condotel unit, on the other hand, owners have the flexibility to choose when they want to use their unit, and generate income off of their unit the remainder of the year. Furthermore, many timeshares leave the owner responsible for housekeeping, maintenance, and other potential headaches. 

Additionally, timeshare amenities are typically limited to basics such as a swimming pool or beach access. Condotel unit ownership, however, provides you access to all of the amenities, luxury, and service that make stays at a hotel comfortable and enjoyable. Vie L'Ven, for instance, offers complete white glove service that guests would expect of a 5 star hotel, and is also positioned to be the most amenities of any development or hotel in St. Maarten. 

Vie L'Ven

The 5 star Vie L'Ven Resort and Residences development is nestled within the tropical paradise of Indigo Bay, where the lush greenery gives way to white sand beaches and the tranquil waters of the turquoise sea. Beyond the unbeatable beauty of this development, Vie L'Ven's amenities bring a new level of luxury to St. Maarten including an onsite signature restaurant from Alain Ducasse. On top of these features, attractive potential returns for owners of Pinel Suites, Orient Suites, Dawn Suites, and Rouge Suites at Vie L'Ven make the project as attractive for investment as it is for leisure. As a signal of what owners and visitors can expect from this development, Vie L'Ven has been selected to join Leading Hotels of the World, a prestigious network of renowned establishments that offer the highest level of luxury to their guests. 

Residential sales have already started for this incredible development opportunity. As the exclusive sales agents for Vie L'Ven, potential buyers and real estate investors interested in purchasing suites at Vie L'Ven should contact Sotheby's today to learn more or stop by the stunning presentation gallery on Indigo Bay Blvd. in Indigo Bay to tour the model suite and see for themselves why this project is truly unique. 

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