If you enjoy staying at the best hotels, The WiseCat suggests investing in luxury condo hotels. It’s a known fact, purchasing a Miami condo hotel in today’s market is the smartest and most conservative way to invest in the Miami luxury condo market while generating great returns. Year after year, condo hotel investments retain their value (even during a down market) and generate income which is split between the Hotel (or Rental Company). Call the Miami Condo Hotel Specialists for more details on 305-523-9323.
Today, Condo Hotels are the smartest investment simply because The City of Miami Beach and The City of Miami (for example) do not tolerate daily, weekly, or monthly rentals unless their property is Allowed By Law to do so. The enforcement of the Law was tested during a six-week period with $1.6m collected from Fines of $20,000 each. The enforcement of this Law sent a strong signal to many; and during Q1, 2018 the Hotel industry in Miami reported their strongest period ever.
If you want to make money on others who enjoy living the high life in Miami, we recommend investing in one of these Magic City luxe condominiums. Whether surrounded by serene ocean front views of Miami Beach or the towering skyscrapers of Miami, there’s something for everyone. And the best part is, eager potential property owners can try them all out beforehand by renting a suite in one of their decadent hotel rooms.
Here’s a quick round-up of the seven best accommodations you can turn into income-generating investments in Miami. Read on to get the scoop:
An urban nirvana, located in the center of downtown Miami, SLS Hotel & Residences in Brickell offers 124 luxurious suites each uniquely designed by Philippe Starck. And with amenities that include HYDE Bar and Lounge, CIEL Spa, and on-site restaurants including Katsuya by Stark, Bazaar by Jose Andres, and Michael Schwartz of Michael Genuine, tourists and staycation goers will be tempted to turn their weekend getaway into a yearlong second home. With features such as floor-to-ceiling glass windows, panoramic views of the skyline, and touch-screen monitors with direct access to 5-star hotel concierge services, we recommend turning this chic crash pad into your elegant home away from home – or renting it out for top dollar! View all the condo hotel units available for sale at the SLS Hotel & Residences in Brickell1300 S Miami Ave., 305-898-4429 – and check out SLS Luxe, also located in Brickell
If you’re a frequent flyer of W Hotel Brand, then you’re aware of the posh conveniences, decadent restaurants, and impeccable guest rooms they provide for guests. But if you find you’re miles are running high, then Ocean Drive suggests making this swanky deco drive crib a permanent home away from home. Undergoing a recent multimillion-dollar redesign of the E-WOW Penthouse and E-WOW Ocean Escape suites, it’s no surprise why this South Beach oasis is ranked as one of Miami’stop-sellingg luxury condo hotels. Eager buyers should expect to walk into a move-in-ready apartment boasting beach-like interior designs, smart technology, mid-century furniture pieces by Holly Hunt, Stark and Michael Dawkin, and a meticulously hand chosen art collection of surf-inspired photography curated by St. Barths’s Clic Gallery. 2201 Collins Ave., 305-938-3000 – View all W Hotel South Beach Condo Hotels for sale here … or select a condo hotel unit at W Hotel Brickell
A regal residence fit for royalty. The Setai Miami Beach takes glitz to the next level with their two-part Ocean and Art Deco Suites. Featuring modern and minimalistic quarters located in the hotel’s landmark Art Deco Building designed by architect Henry Hohauser, this exclusive beachfront resort caters to those looking for a serene escape from the bustle of South Beach. And if you find it impossible to leave, then not to worry. There are 163 residences to make your dream of luxury living come true. View all Setai Hotel Miami Beach Condo Hotels for sale here2001 Collins Ave., 305-704-7817
Enter the Zen life at Carillon Resort & Spa. A stomping ground for rest and relaxation, this waterfront haven and retreat is a plush palace filled with gourmet, nutritious food, a tranquil spa, Miami’s only therapeutic igloo, a 750-foot private beach, and over 200 workout classes to choose from. Combining fitness, health, and beauty to create one of the world’s top wellness centers, you’ll find yourself refreshed and invigorated the moment you step on the property. And this new sense of placidity could be yours to keep with three towers of luxury condominiums for sale manifesting a holistic culture of serenity and peace. The Center Tower of the Carillon Hotel at 6801 Collins Ave allows investors to purchase and rent daily
EAST, Miami, the first Swire Hotels property in the US and the third hotel under the EAST brand, is a new luxury hotel-condominium that caters to more than just a weekend getaway. With Brickell City Centre lodged right downstairs, your retail therapy blues will be fixed in no time with world-class luxury goodies from accessories to clothing to home wear. And if you’re more of a foodie, don’t worry, EAST, Miami checks that box too with gourmet eating houses including Quinto La Huella and Sugar. So grab a key for more than just one night and invest in a residence at this exclusive uniquely designed hotel and stay. 788 Brickell Plaza, 305-712-7000
As the ball dropped on New Year’s Eve in 1930, The Surf Club opened its door to Miami icons, influencers, and bon vivants. Now, in 2018, they’re welcoming Miami locals once again. Recently renovated by The Four Seasons, this glittering sanctuary lends homage to the past while presenting a dazzling backdrop for the future. With palm trees seemingly touching the sky as they court you throughout the entranceway, The Four Season’s Surf Club is a dashing hotel residence with a flare of Italian culture. We recommend dipping into a bowl of Spaghettone pomodoro e basilico at Le Sirenuse after a long day of fun in the sun. View Four Seasons Hotel at The Surf Club for sale here9101 Collins Ave., Surfside, 305-381-3333
Make yourself at home at 1 Hotel South Beach. Posted off the coast of the Atlantic Ocean, this farm fresh, wellness center has all of the amenities your heart could ever desire. Featuring the first US Bamford Hayborn Spa, Spartan Gym, Lobby Farmstand, two Oceanside swimming pools, and daybeds and cabanas, 1 Hotel and Homes is a one-stop shop for unparalleled service, sustainability, and luxury. And with 1 Hotel & Homes Penthouse Collection, owners can experience these seemingly perfect conveniences of hotel living, while making this natural refuge a place to call home. 3-Bedroom Residences at The 1 earn $250,000 a year income on average.