LAS VEGAS CONDOTELS
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MGM SIGNATURE SUITS
PALMS PLACE
WHAT IS CONDOTEL?
A condo hotel, also known as a condotel, hotel condo or a contel, is a building which is legally a condominium but which is operated as a hotel, offering short term rentals. Individuals own each unit, although the complex shares amenities like lobby registration and a cleaning service. When owners are away from the property, they have the option to make income by renting their condo out for short-term vacation stays.
BECOME A LAS VEGAS RESORT RESIDENCE OWNER!
A fully furnished residence in the resort hotel can be used as your residence, vacation home or your investment property.
HOW MUCH DOES DOES IT COST?
Prices for condotels vary, but here's few examples:
- Palms Place from $270,000
- Signature at MGM from $255,000
- Vdara from $550,000
- Trump International Hotel from $235,000
- Platinum Resort Condo from $180,000
OWNERSHIP BENEFITS:
- Fully furnished residence
- Rental income program
- Multiple use, live in or rent out
- Use of resort amenities
- World class entertainment
- World class dining
HOW DO I USE IT AS A SHORT TERM RENTAL?
Owner of condotel can enroll the unit in a hotel rental program for a fee, hotel will rent out your unit through front desk.You can also use AirBnb and similar sites to rent it out personally, if you desire.
Or you can hire a third party company that would rent it out for you and manage it for you. Check out this site to see example of rental rates, here
I'M INTERESTED, HOW DO I START?
After you've read all the information on this page, feel free to contact me by text 702-738-6306 or by e-mail: yelena.premieragent@gmail.com
