Sonesta Hotels & Resorts
Riverside Developers take great pride in working with the Sonesta. Sonesta (http://www.sonesta.com) is a world-class operator of hotels offering the quality and expectations of the best hotels, the finest quality, class, service and satisfaction at its properties world-wide!
When you visit any property in the Sonesta Collection, you become part of the culture that offers upscale accommodations to savvy travelers in select locations throughout the world. Sonesta locations let the outside culture in and meticulously capture the mood and spirit of the place they inhabit. The hallways are art galleries, the grounds are gardens and cuisine is locally inspired and artistically created.
Sonesta is a publicly traded U.S. company found on NASDAQ under the symbol SNSTA. Sonesta has dedicated long-standing staff ensuring that your visit is more than just a stay, but a genuine travel experience for more than 60 years. Sonesta has owned, managed, designed, built and marketed hotels throughout the world. Sonesta International Hotels Corporation is an outgrowth of Sonnabend Operated Hotels, founded in the 1940’s by the legendary A.M. Sonnabend and Childs Restaurant Company, founded in 1889. In 1955, they merged to become Hotel Corporation of America, one of the first major U.S. - based international hotel companies.
As you explore their website, you’re sure to uncover the secrets which make Sonesta more than a chain but a collection of truly distinct properties. Go to www.Sonesta.com or call 1-800-SONESTA today.
Some of our Hotels
Boston – Miami - New Orleans - St. Maarten – Sao Paulo – Brasilia – Cairo – Port Said – Taba – Arequipa – Cusco – Puno – Lima – Miraflores – Sacred Valley – Yucay
Sonesta Jaco Resort Rental Property Management
Realty Program
A new and growing trend in the second home market, condo hotels offer a combination of benefits never before seen in real estate. The condo hotel allows buyers to purchase a luxury vacation home at a world-class resort, yet receive rental revenue whenever the suite is not in use. This helps to offset the cost of a vacation home, or even to generate substantial income, depending on the individual owner’s use pattern.
The concept of the condo hotel began in places like Miami Beach and Fort Lauderdale, but the concept has now become popular throughout Florida, Las Vegas, Chicago, and New York, as well as Costa Rica, Mexico, the Caribbean, Canada, and Dubai. These condo hotels are operated by the biggest names in the hospitality industry, and due to their unique combination of traits, have become a solid fixture in the global real estate market.
Owners of condo hotel units have the option of putting their suite into the hotel’s rental program. This option is what attracts most owners to condo hotels. A professional management company is responsible for renting out the suites when not in use by the owner, generating substantial income for them. Maintenance of the suites, the common areas, and the grounds is also the responsibility of the management company, eliminating the need for the suite owner to engage in these activities. The management company takes care of the day-to-day operations, provides name recognition, advertising, reservations, and management, offering a turn-key income opportunity for the suite owners.
The second home experience provided by condo hotels is far from ordinary. Exquisitely furnished suites are just the beginning. Owners have access to all of the luxury services, amenities, and experiences available at the property including everything from spas to concierge service. Condo hotels allow you ‘to be a guest in your own home’.
As with the traditional vacation home, owners can use their suite whenever they choose. Unlike the traditional second home, however, the owner has the option of participating in the management company’s rental program to share in the rental income the suite generates. Ownership is trouble-free because all maintenance and rental issues are handled in-house by the management company.
Condo hotels are not timeshares. Timeshares typically allot each owner only one or two weeks of usage per year. The same calendar weeks are reserved each year, unless the owner chooses to go through the lengthy process of making a trade with another owner, if possible. With condo hotels, owners can generally use their suite whenever they choose, and collect income on the suite when not in use. Timeshares generally do not produce income, and are extremely difficult to sell, even at a loss. Condo hotels can be sold and are likely to appreciate over time, like any other piece of real estate.
The typical condo hotel owner is vacationer who appreciates the fine living, amenities, and service available at a luxury resort. They recognize the potential for such a suite to appreciate as a generator of income from rental fees. This appeal is not limited to U.S. buyers alone. The condo hotel concept has become popular world-wide, and buyers from Latin America and Europe are now competing with Americans for the best properties.
Condo hotels are so appealing because they offer the best in luxury lifestyles, turn-key operation, and hassle-free ownership. Low interest rates and current stock market volatility have sent investors looking for diversity, and ultimately to consider alternative real estate options like condo hotels.
As condo hotels become more main-stream, word continues to spread about their advantages. More buyers invest in them each year, domestically and internationally, eager to participate in this growing trend. In addition, the millions of baby boomers approaching retirement are finding the concept of condo hotels as a way to fund their retirement and simultaneously own a beautiful second home. The demand this has generated has caused developers to recognize the benefits of mixed-use properties, and to shift their product range to meet the rapidly growing demand.
For more info, please contact us using the form below or call us:
Toll Free (USA & Canada):1-866-864-9859
Costa Rica (506) 800 ONE-JACO
Fax (506) 2228-2772