Hello friends… I’m writing posting today regarding the luxury condo hotels along the Atlantic coastline from Sunny Isles Beach to South Beach. There are many great condo hotels along the Miami Dade Beaches to choose from with each having desirable characteristics such as the Trump International Beach Resort with excellent values and amenities including the lagoon pool, children’s play area and waterfalls. Location plays a crucial role so I’ll be comparing to South Beaches exclusive condo hotels including the Setai and Bentley Beach Hilton. There are 2 new condo hotels coming very soon which may dominate all others for concierge “white glove” services and these include the St. Regis in Bal Harbour (2011) and the W South Beach Hotel (2009). These will each be a blog post in their own.. I’ll be relaying simple statistics on the very best oceanfront condo hotels in order of location below.
Bentley Beach Hilton | 101 Ocean Drive | Price Range $359,000 (365 sf) to $1.575M (1050 sf) | Ave PPSF$1030
Roney Palace (Gansevoort) | 2301 Collins Avenue | Price Range $140,000 (760 sf) to $995,000 (1488 sf) | Ave PPSF$445
De Soliel Z Hotel South Beach | 1437&1458 Collins Avenue | Price Range $450,000 (500 sf) to $900,000 (500 sf) | Ave PPSF$1124
Shelbourne Hotel | 1801 Collins Avenue | Price Range $79,000 (280 sf) to $649,000 (940 sf) | Ave PPSF$459
Condo Hotels offer an owner a care free lifestyle with everything awaiting your arrival from fresh linens to coffee filters, maid service to room service and the hotel income split is typically 50% to the hotel management in place. These conveniences allow certain yearly time usage at the owners request along with passive income and the potential for future appreciation unlike a timeshare. Miami is rated#2 in the Nation for hotel occupancy and even so the prices have been adjusted for the economy anywhere from 10-20% from last year. Business is still very good with an overall Miami Dade occupancy average at 68% and average room rate at $177 a night.
I welcome any comments you see useful and informative for the many readers. I welcome accurate information or interesting conversation on Miami Beach condo hotels…
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