| The SEC has legitimate concerns about
| |
| | purchase a condo hotel, are told to
|
| some condo hotel developers selling units
| |
| | consider it just as simple real estate.
|
| in their projects based solely on the
| |
| | To attempt to ignore the rental income
|
| 'forward looking investment potential'.
| |
| | potential and make their purchase more
|
| If developers were left unchecked, with a
| |
| | like a second home or vacation residence.
|
| pile of spreadsheets touting income
| |
| | But the income potential is still a large
|
| potential, every condo hotel unit in the
| |
| | part of the decision. When the consumer
|
| country might cash flow at remarkable
| |
| | is told by the real estate sales
|
| levels, on paper, and every small real
| |
| | representation that they cannot in any
|
| estate investor would have a PhD in condo
| |
| | way discuss income or income potential,
|
| hotel lingo. This is the fear.I believe
| |
| | time and again the consumer feels
|
| we are not giving the consumer enough
| |
| | something is being withheld. I have
|
| credit, but I understand the fear. ADR,
| |
| | witnessed as the potential condo hotel
|
| Occupancy, RevPar, the language of the
| |
| | buyer asks "why?"The consumer deserves an
|
| hospitality industry can appear sexy at
| |
| | open dialog about risks and rewards in
|
| first glance. Nightly rates, rack rates
| |
| | condo hotel ownership. Attempts are being
|
| and Average Daily Rate (ADR) can vary
| |
| | made to create a firewall between real
|
| widely. Occupancy at a hotel has so many
| |
| | estate sales and hotel rental management
|
| variables. Hotel management is one part
| |
| | departments but it is still disjointed
|
| science, and one part art, but it is all
| |
| | and spooks consumers trying to understand
|
| business. Real estate salepeople and
| |
| | their purchase decisions.As CPAs,
|
| developers are not licensed to sell
| |
| | financial advisors, bankers and other
|
| business interests and this is the crux
| |
| | trusted consultants better understand
|
| of the dilemna.SEC rules require that
| |
| | this new real estate product, its
|
| securities or business interests are sold
| |
| | potential and risks the gap in the
|
| with complete and proper disclosure, but
| |
| | information for the consumer can be
|
| disclosure is such a slippery slope.
| |
| | bridged.Bob Waun
|
| Afterall so many other real estate
| |
| | CEO
|
| properties are sold for their investment
| |
| | Vacation Finance
|
| potential, like apartment buildings and
| |
| | Vacation Finance, America's First Second
|
| warehouses, why are condo hotels treated
| |
| | Home Lender is an innovator in condo
|
| more conservatively?Consumers, while on
| |
| | hotel mortgage lending and has been a
|
| vacation, buy condo hotel, not savvy
| |
| | leader in educating consumers and
|
| seasoned investors. Again, I think we are
| |
| | developers in the risks and rewards of
|
| giving the consumer far too little credit
| |
| | this new product.
|
| and information.Consumers who look to
| |
| |
|
