Condo Resort Hotel Concept (Condotels)

Some of the Condotels & Websites

Regular Real estate offered units

The current real estate unit offerings in Hurghada are:

 

1. To acquire a unit (95% of them are not by the sea shore) and the unit owners will have to care about their units themselves, with no services to be extended, even if the promised services are not sure to be presented in an efficient manner.
2. Offers are in compounds without any proper management, unit owners will buy the units, pay all needed utilities, supplies, repair & maintenance. 
3. Unit Owners will have to pay yearly maintenance fees. 
4. Units are closed for most of the year and open only when on vacation (maximum 4 weeks per year).

5. In case that the unite owner offered it for rental, the outcome is not satisfactory as such units are rented only 2 months per year during local vacations if not used by their owners.

Condotels - Condo Resort Hotel Concept 

Here comes the "Condotels" Condo Resort Hotel Concept, addressing all these issues, as the Condotels "Condo resort hotel concept' giving a solution for both, the Hotel Owner / Developer and the Clients of Units Buyers.

 

A condo hotel, called a Condotel, is a hybrid between a condominium and a hotel. Here's a breakdown of the key features:

• Ownership:- Condo Resort Hotels are divided into individual units sold to clients for the purpose of owning a vacation home that generates income while not in use AND with Regular Resort Hotel operated units.  
• Hotel Operations:- The property is operated as a Regular 5-Star Resort Hotel, with all relevant departments & regular guest services.
• Rental Option:- Owners can choose to use their unit themselves, similar to a vacation home strictly for 4 weeks per year only. Unlike a traditional vacation home, condo hotels will have to place the unit in the operations rental pool managed by the hotel. The pool rents the unit out to short-term guests like any other hotel room. 
• Locations:- Condo hotels are often high-end properties situated in popular tourist destinations or major cities.

 

The Condo Resort Hotel concept "Condotel" is a famous Hotels & Resorts Concept in Europe & The States and also in the UAE, where as the Hotel or Resort is Developed as an ordinary resort hotel with all Regular Resort Hotel Facilities, accommodation units, Lobby, Restaurants, Bars, back of the house facilities, .... etc., with its units being sold to investing clients looking for profits and also with the chance of limited personal unit use per year.

 

 

Regulations:-

 

1. The Condo Resort Hotel "Condotel" is a regular niche class type of Resort - Franchised with an international Brand, and operated all year long. 
2. All the resort hotel allocated units, outlets & facilities are owned by the hotel owner / developer, while Condo rooms are built to be sold to individual clients for the purpose of annual profit generation and with limited personal use.
3. A special sale contract for Condo Resort Hotel Units, designed specially & carefully for clients looking for small profit generating investment while the unit is not in use.
4. Units Owners will have their units available for their use as per contract for 4 weeks per year and strictly NOT as a permanent branded residence.
5. The Resort Hotel Condotel operates all year, using pre-sold units to generate revenues for both, the Hotel Owner / Developer and the Units Owners.
6. Units Owners do not have to worry about Utilities, Repair & Maintenance.
7. Units Owners will earn generated revenues out of their owned & operated units for 11 months per year, included in hotel operations, while they are not using the units.
8. Units Owners will not have to pay regular annual maintenance fees. 

9. Units Owners profits are based on the units share from the annual average room rate of the hotel.

Special Benefits for CondoOtels or CondoResorts Hotel Owners'  

What's In Condotel Concept for the Hotel Owner of CondoOtel or CondoResort - Hurghada:-

 

1. Hotel Owner / Developer will sell at least 70% of the total project's units to this client segment, at the average price per square meter at $2500.00 - $3000.00 according to & depending on unit's individual location "This is The Current Real Estate Units Offered Market Price per m² in Hurghada's The View & AlDau Strand Projects", Offering at least 50% Higher R.O.I of the entire project's current value at the current state or even at its value at the ready to move or to operate state when sold out as one regular resort unit to a single entity, in addition to the time needed for the sale to take place.
2. Adopting Condotel Concept for National Resort Hurghada will also facilitate the entire project's sale within two years starting from the project launch, with at-least 50% higher price value, having to sell individual units to individual clients.  
3. The Hotel Owner / Developer will benefit from the remaining 30% of the units together with all Food & Beverage units, Concessions, facilities & utilities as one small size resort unit, easy to be sold as a very profitable Resort Unit at a later stage.
4. The Owned Resort Unit will have doubled profitability than any other similar resort hotel in Hurghada, as the Resort Unit will benefit from the Food & Beverage outlets as well as concessions of profits based on 100% of the Owned & Sold Units Inventory, the entire number of rooms in-house and not only the 30% owned by the Hotel Owner / Developer, presenting double profits for the Hotel Owner / Developer.
5. The Remaining Owned Modern, Full Fledged Resort Hotel Unit with double profitability, is much easier to sell to potential investors, given the fact that the number of units rooms owned is a limited number of rooms, but with much higher profitability than its counterparts in the market.

 

With all the above-mentioned benefits, needless to mention that we at AMG HOSPITALITY will handle all the project's planning, construction, furnishing works supervision, real estate units valuation, marketing & sales, legal aspects, brand franchise & resort operations and the final sale of the Remaining Owned Resort Hotel as one Branded & Operated Resort.  

Operated Condotels Examples:

 

These examples include regular real estate units sold as residences with resort hotel operations, following preliminary unmatured purchase contracts between unit owners and Hotel Owner / Developer, except for The First Group Dubai.

 

1. The First Group Dubai - 19 Towers, all hotel rooms are sold out to clients 
2. Gravity Resort - Samra Bay Hurghada
3. Gravity Sahl Hasheesh Resort
4. Pyramisa Sahl Hasheesh Resort
5. Regina Hotel Hurghada 
6. Palma de Merit Resorts Hurghada

The above mentioned is a basic overview of the CondoOtel or CondoResort Project, all other details will be discussed in our introductory meeting, discussing all other aspects & addressing all Relevant Concerns. 

 

We hope that the project's special approach is up to your satisfaction, especially that this approach generates double R.O.I than the ordinary Resort sale in its current state,

 

Corporate Data

AMG HOSPITALITY for HOTEL ASSET MANAGEMENT LLC

 

Commercial Registration No: 153185 - Tax Identification No: 589-826-638

General Authority of Investments, Cairo, EGYPT

 

Operations Office:  

Villa 5B, STEIGENBERGER ALDAU Tourism Center, El-Mamsha El-Siahy, Hurghada, Egypt

 

Registration Office: 

Abbas el-Aqqad Extension St, Nasr City, Cairo,  Egypt.