Southern Florida has been a popular destination for people of all ages for many years due to its stunning beaches, upscale shopping, dining options, and lively nightlife. Its combination of natural beauty and cosmopolitan vibe makes it a perfect spot for luxurious branded residences, which are currently in high demand.
Imagine living in a grand condominium in a picturesque area, where you are pampered like royalty every day, not just on special occasions. That is what life is like at a hotel-branded residence. So it is no surprise that more affluent individuals choose this exceptional lifestyle. Read on to learn more.
What is a hotel residence?
Luxury living has been taken to the next level with five-star hotel residences, also known as branded residences. These condominiums are associated with globally renowned brands and offer a high-end living experience. Prestigious hotel chains like Four Seasons and Ritz-Carlton own and manage approximately 86% of luxury hotel residences, while individual investors and non-hotel companies own the remaining 14%.
What sets residences apart from other luxury homes is the convenience of five-star hotel services. Branded residences have been around for almost a century, but they were more of a boutique idea and not widely adopted. However, in the aftermath of the pandemic, people wished to be pampered. They want to spend less time doing mundane things like errands and more time experiencing life.
Hotel residences offer an ultra-comfortable lifestyle that few seem to want to deny themselves, so the demand is growing stronger. There are more than 580 such developments worldwide, with many more waiting in the pipeline.
Amenities
As an owner of a luxurious five-star hotel residence, the amenities available are what truly distinguish it as exceptional. Imagine being a guest at a top-tier resort but with the added benefit of not dealing with crowds of strangers. Residents of the property will have access to all the comforts and conveniences they would expect from a high-end resort and even more.
They can start their day with a rigorous workout at the fitness facility, relax by taking a refreshing dip in the pool, or pamper themselves with a rejuvenating spa treatment. At some residences, they can request a chef to prepare a gourmet meal for them from the comfort of their own kitchen. Like room service at a public hotel, homeowners can indulge themselves and have their meals brought to them at their leisure. Also, they can forget about housekeeping duties because that is also covered.
Other things that many luxury residences offer are concierge services, in-house shopping, and chauffeurs. The staff can also assist them with financial planning, vacation arrangements, and other requests. It truly is a turnkey property with a turnkey lifestyle to go along with it. However, every hotel residence is different. Amenities vary by company, so it is essential to research properties to find the one that will suit you and your needs.
Maintenance free
These luxurious residences offer an unparalleled level of comfort and convenience to homeowners. The dedicated team of experts managing the accommodations ensures a hassle-free lifestyle, from maintaining the property's exterior to promptly addressing any plumbing-related issues. The guests can rest assured that their homes are maintained to the highest standards.
The staff is committed to providing a tailored service that caters to each guest's unique needs and preferences, guaranteeing an unforgettable experience. Some residents use it as a vacation home, only visiting a few times a year. Others prefer to live there full-time, enjoying the indulgent and stress-free lifestyle this exceptional place offers them.
Location
When it comes to hotel residences, their location is an essential part of their appeal. The buyers of these types of properties are affluent. Many executives use the homes as a landing spot while they are in town for business, which is why many can be found in large cities. Some use the homes as a second home, more like an entirely inclusive resort.
The hotels are strategically situated in highly desirable areas, ranging from bustling urban centers like New York City to opulent resort destinations. Branded residences are found throughout the United States, but they also span across international borders to desirable locations like Japan, London, and other international destinations.
Sometimes the residences are stand-alone and not attached to the public hotel. However, some places are housed in the same building as the public hotel but with a separate entrance or private elevator.
Investment opportunities
Regarding hotel residences, some do not permit homeowners to use their properties for investment purposes, while others are more flexible. For those allowing rentals, homeowners can benefit from renting out their homes throughout the year and then receiving a portion of the rental income.
This can help offset expenses while still enjoying their property. Additionally, the hotel takes care of marketing and maintenance, saving homeowners time and effort. Those buying a property as an investment opportunity must review the hotel's policies and agreements to ensure they can rent out the home.
The team you can trust
If you have been considering investing in a five-star luxury hotel residence, there is no time like now. It is no surprise that these high-end properties are gaining popularity, as they offer the epitome of luxury living. However, finding the perfect hotel residence that caters to your needs can take time and effort. This is where a trusted real estate group specializing in luxury properties can help.
Enter Societe Real Estate, an award-winning team of experienced professionals that specializes in the luxury home markets of South Florida and New York. Their expertise, persistence, and concierge-style service ensure you receive the attention and service you deserve.
Whether you are looking for homes for sale in South Florida or a unique hotel residence in Midtown, Societe can assist you. Do not leave your property search to chance; rely on the top team in the South Florida real estate market. Contact Societe Real Estate today to make your dreams come true.
