Category Archives: Hotel

Condo Hotels Appeal to Baby Boomers Seeking a Vacation Home

Baby boomers interested in buying vacation homes are now considering one of the latest trends in second home ownership: the condo hotel.

Condo hotels are a type of vacation home. They are typically located in resorts operated by some of the top luxury hotel chains, such as Marriott, Ritz-Carlton, Hilton, and Trump International, to name a few.

These upscale second homes made their debut in Miami, but the condo hotel trend has now spread across the country to markets like Orlando, Las Vegas, Chicago, and to various cities in California, Colorado and New York. They are also quite popular in exotic locales such as Mexico, Panama, the Caribbean and Dubai.

Condo hotels are a perfect fit for the lifestyle baby boomers enjoy, providing luxurious, hassle-free second homes, without all the worries of maintenance. They offer baby boomers the opportunity for easy, relaxed family vacations in desirable locations without time spent researching, planning and booking travel accommodations.

Unlike traditional vacation homes, condo hotels are furnished condominium suites located within some of the country’s most famous hotels and resorts. Owners of these suites are entitled to use all of the luxury amenities and services offered by the property, such as fine dining restaurants, fitness centers, spas, and concierge services.

Furthermore, the headaches of maintenance, guest services and housekeeping are assumed by the on-site hotel management company.

But what really sets condo hotels apart are that the individual owners can place their unit in the hotel’s rental program when they’re not there. The hotel management takes on the responsibility of finding and dealing directly with renters, leaving the owners free from these duties. The rent revenue the condo hotel unit generates helps offset the costs of ownership.

Many baby boomers looking for investment alternatives see condo hotels as a smart choice, a means to diversify into something other than stock market holdings. Because of a limited supply of land in many choice locales, the likelihood of capital appreciation on condo hotel units is increased.

Condo hotel units come in a variety of sizes and prices, typically ranging from $300,000 to over $1 million for prime properties.

Unlike a timeshare, which usually provides only a week or two per year of use, condo hotel owners are fully deeded property owners who can generally use their condo suites when and how they please. Baby boomers want vacation homes that are available when their busy schedules allow them time off.

Also, whereas traditional timeshares can be difficult to resell, condo hotels, with their luxury amenities, prime locations, limited inventory, and potential for appreciation, can be resold more readily.

For all these reasons, the condo hotel product, and the lifestyle if offers, appeals to the baby boomer generation. Look for more condo hotels to come on the market in coming years to meet this burgeoning demand.

Nainital Hotels: Best Choices

Decked with emerald hues of lush flora, Nainital is a quaint hamlet perched in the lap of outer Himalayas. Situated at an elevation of 2084 meters above sea level, Nainital is renowned for its pear-shaped lake, lush greens and magnificent picnic spots. Thus to get a break from the routine life at metropolis and to inhale fresh mountain air people from all around flock the town and they all are warmly welcomed at hotels in Nainital. To ensure guests have a comfortable stay these Nainital hotels are decked-up with all the modern-day conveniences and offer personalized services.

During peak tourist seasons i.e. during winter vacations of school kids or when the climate is pleasant, these hotels in Nainital are packed with travelers. Therefore one must plan the trip in advance to be able to book their desired hotels on time. Some of the renowned names amongst hotels in the city are:

Manu Maharani: A lavish property overlooking Nainital Lake, Manu Maharani is one of the renowned hotels in the vicinity. The property was established in 1991 and was recently renovated to be converted into a luxury class heritage hotel. Almost all the rooms provide beauteous views of the lake and are studded with elegant furnishing and grand infrastructure. The renowned coffee shop, Gardenia at the hotel is a great success and even the in-house multi-cuisine restaurant, Panorama here is a favorite amongst locals as well as travelers coming in from India and abroad. Modes of entertainment at the hotel would include local cultural evening, barbeque/ bonfire and other music and dance performances.

Vikram Vintage Inn: A newly renovated four star property, Vikram Vintage Inn gained popularity in the hospitality industry from the very initial days. For more than a decade now, Vikram Vintage has been serving both business as well as recreational travelers at its chic and contemporary ambiance. The hallmark of the hotel is the rich taste and elegance of the infrastructure and efficient services. With 42 guestrooms, the property is known as one of the largest Nainital hotels. Each room at the hotel is well-equipped with modern day comforts and has a multi-cuisine restaurant, Vintage Bar, Health Club and upgraded conference room for guests.

The Earl’s Court: The property rests in a rural location, close to Nainital Lake and China Peak. Highlights of the property include in-house restaurant, barbeque grills, concierge desk, laundry services and more. Pick from 8 beautifully done rooms and park yourself amidst sheer solace and serenity. The elegance of the hotel lays in its simplicity and guests cannot help but notice its charming hospitality.

For a quick escape or for a long-planned holiday with old friends guests pick the above mentioned Nainital hotels and they return fully rejuvenated and revitalized. Such is the level of hospitality and comfort level at these hotels that guests feel like at home even when staying away from home.