Posted on January 26, 2011.
Condo-Hotel Ownership at Teton Mountain Lodge in Jackson Hole The Teton Mountain Lodge offers 145 rooms and suites is located just steps from the gondola station Jackson Hole Mountain. Completed in 2002, the ski-in/ski-out hotel was built with lodgepole pine beams and board siding with battens for true small cottage. Featuring a restaurant, bar, spa, fitness center, event room, a bathtub on the roof of 22 people in outdoor, indoor and outdoor pools, concierge services and more, the hotel can meet any need a client may have.
With impeccable service, luxury amenities and elegant Western design, many hotel guests have no idea of unity are in fact private property and are working as a condo-hotel. This means that each unit is owned, but they are usually leased as a night hotel room while the functions of building a full service hotel. Each owner can choose to enter their units in the rental pool, where it is managed by the hotel management company, in this case Terra Resort Group. A real estate company's website management, Teton Mountain Lodge Property Management Company, oversees all concerns ownership, including maintenance, owner of quarterly returns, as well as acts as liaison between owners and management company of hotel. With this type of product, buyers can purchase a condo in Teton Village, while having the opportunity to offset the cost of ownership by renting it nightly for hotel guests.
The model works well because the owners aim and objective of the management company is the same hotel, to gain as much revenue for the Teton Mountain chalet as possible. Another unique feature of the property, which maximizes the profit, is the lock-off capability which contain many units. This allows the manager to increase the hotel rental configurations create more revenue.
Units Teton Mountain Lodge, a view of the valley or mountain views of the resort of Jackson Hole. There are currently 10 condos on the market for sale. A studio unit with views of the valley and 441 square feet lists for about $ 565 000-604 $ 500. A 3 bedroom penthouse unit with 2,394 square feet and a mountain view can cost up to $ 2,895,000. HOA fees vary according to size ranging from about $ 6.800 to $ 13,000 per year.
When considering your investment options, condo-hotels are a type of high quality property to consider. It really is a carefree type of property that allows your investment to make money or at least offset your cost of ownership.