Florida, the dream destination. A vacationer’s paradise; the land of perennial sun and fun.
Florida has long been a favorite of vacationers. It has also been a favorite of those investing in vacation properties. Investing in vacation properties is a major market for Florida real estate investors.
Andrew Cohan is Managing Director for Horwath HTL, serving mainly Florida and the Caribbean. He is an expert on health and wellness resort properties and lends his expertise to determining optimum market demand for these types of properties.
This episode, Andrew discusses investing in vacation properties through branded hotels.
Miami Hotel Market
Stronger presence of foreign capital than other FL metro areas
Hotel transaction values have risen nearly 300 percent since early-2000s
Investing in Vacation Properties through Branded Hotels
Investing in Condo-hotel Units
Not a conventional, cap rate-type of investment
Unit investors typically earn about 40 percent back on investment
Owner, manager and developer of resort may be 3 separate entities
Investors need to know that circumstances may change over the investment’s life-time
Condo-hotel Draw for Developers
Quick exit, high return opportunity
Don’t have to worry about property management
Brand managers or non-brand managers
If you are looking to find out more about investing in vacation properties through branded hotels, you have more questions about acquiring a condo-hotel unit or you are a developer looking to transition to hotel/hospitality, you can contact Andrew directly by phone or email:
Florida investors are familiar with the vacation real estate market; Florida is a strong, tourist-driven economy and seasonal and vacation real estate represents a large investment sector. Florida investors know that the vacation market has always offered prime investment opportunity. Despite it’s potential for success, the vacation market is a challenging and fast-paced market and many beginning investors often get caught in financial quagmires of bad investments.
Justin Ford, President of Pax Properties LLC, understands the “Florida market“. With over a decade worth of experience investing in Florida’s seasonal and vacation market, Justin has mastered real estate investing. Pax Properties currently owns and manages 30 properties (500 units) along Florida’s east coast, from Ft. Lauderdale to Jacksonville. Pax Properties has thrived due to Justin’s flexibility and ability to adapt to changes in the market. This episode, Justin shares with us his approach to marketing and investing in the Florida and shares tips and advice for beginning investors.
Florida is a strong vacation rental market
Hotels, condos, single-family/multi-family long-term and short-term seasonal rentals
Transient Apartment Licensing
Required license for operating vacation rental properties