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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.

We have discussed investing in vacation properties before. In ep. 39, we discussed investing in vacation properties using Airbnb, with Greg Bugay. This episode, however, focuses on the hotel market in Florida.

Who better to discuss that than Andrew Cohan?

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
• International hotel brands coming to Miami
  • Edition
  • East
  • Fasano
• Miami’s Leap to Global Gateway Status – Andrew Cohan
  • Hotel transaction values have risen nearly 300 percent since early-2000s

Investing in Vacation Properties through Branded Hotels

• REITs
• Condo-hotel units

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:

(305) 606-2898

acohan@horwathhtl.com

The post Ep. 110 Andrew Cohan: Investing in Vacation Properties through Branded Hotels appeared first on Real Estate Investing in Florida.

Don’t miss a single show!

Apartment investing is undergoing a profound transformation in regards to multifamily design and amenities. The age of the shoe-box apartment is over. Changing climates in construction, social trends, economic growth and consumer demand have forced apartment investors and developers to re-examine what apartments could and should provide tenants. Apartment investors, whether they are refurbishing existing buildings or developing new complexes, are taking a drastically different approach to multifamily design and amenity provisions. This episode, we are fortunate to have two guests lending their insight and experience to the changing perceptions of what tenants want out of an apartment space.

Phillip Smith is CEO of Framework Group, LLC, a multifamily development and construction group based out of Tampa, FL. Phillip oversees acquisition, design and development of multifamily communities. Currently, Framework Group has projects under construction in Tampa, Orlando and Sarasota, with projects under contract in Jacksonville. Framework Group’s goal is to provide multifamily communities with location and amenities that highlight and promote the urban lifestyle. By pushing the envelope of what makes a sensible investment to what meets with consumer demands, Framework Group has become a major figure in and development, offering full-service, high end apartments in Tampa and along the I-4 Corridor.

Jason Schaller is Managing Director of Property Management for McKinley. McKinley owns and operates a $4.6 billion real estate portfolio, 35,398 apt. units and 21 million SF of shopping centers and office centers around the country. The Michigan-based firm has a special interest in Florida’s I-4 Corridor with much of their Florida portfolio focused on it. Jason currently oversees Mckinley’s line of boutique apartment projects in Tampa, Mckinley | Hyde Park. Jason brings over 20 years of design and construction experience to multifamily design, refurbishing older and historic buildings and adapting them to suit the growing urban lifestyle.

Amenities

• Reinforce and promote urban lifestyle
  • bike-share programs
  • Canoe, kayak, bike storage
  • Outdoor kitchens
  • Functioning communal spaces
  • Technological integration
• Health and Wellness Focus
  • Hot/cold plunge pools and resistance pools vs. traditional pools
  • High-end exercise equipment
  • Classes, training courses: yoga, exercise, massages
• Pet amenities
  • Green spaces
  • Grooming

Multifamily Design and Development

• High-end finishing/fixtures
  • Quartz counter-tops
  • Rain-style shower-heads
  • Upgraded moldings
  • Wine glass racks
  • Kitchen storage
  • Stainless steel appliances
• Individual feel
  • Corridor entrances
  • Lighted unit numbers
• Space
  • High ceilings
  • Larger rooms
• Décor
  • Natural finishes
  • Authentic colors and textures

If you are a building owner in the Tampa area and you think it might make a great addition to the McKinley | Hyde Park portfolio, visit the Principal to Principal contact page on their website. To find out more about becoming a resident at a McKinley | Hyde Park project, visit the Apartments page on their website for more information.

Framework Group, LLC provides general contracting services and selective development consulting in addition to project development and construction. To find out more about current and upcoming projects along with services offered, visit their website.

The post Ep. 99 Phillip Smith and Jason Schaller: What You Need to Know About Multifamily Design and Amenities appeared first on Real Estate Investing in Florida.