Aparthotel Investments

Research by real estate and money management firm, Jones Lang La Salle, describes Europe as being in the midst of a hotel transaction boom and states that an increase in investment appetite for the hospitality sector strongly suggests that condominium hotels look set to grow. As part of Duchy Estates commitment to remaining one step ahead of the game for the benefit of its customers, this upsurge in leisure-orientated real estate has resulted in the addition of upmarket residence hotel provider, Kasâmia, to its portfolio.

Historically leisure-orientated real estate meant timeshare a vehicle that was great for lifestyle and regular usage but not very effective as for investment. Timeshare holders faced low liquidity of assets, high depreciation, restrictions on resale and no actual real estate ownership or operational control over the resort. Today, thanks to companies such as Kasâmia, leisure-orientated real estate has matured to appeal to a new breed of consumer investors. Via the condominium or aparthotel model, participants have the benefit of ownership of a high quality real estate asset with the added value of high rental returns all underpinned by capital appreciation. Buying a property within an aparthotel gives higher levels of income than a traditional holiday home (up to 8% per annum) and the headaches of maintenance, administration and maximising occupancy levels are left to a single management company.

Kasâmia is the perfect partner for Duchy Estates. Headed up by Jean Robert Reznik, former CEO of international brands such as Club Med and Accor, Kasâmia provides the style and personality of a boutique hotel, but with larger suite-style accommodation serviced with everything from furnishings and linen to 24-hour concierge and on-site sporting facilities. Kasâmia has the leverage of more than 6,000 travel agencies and a database of more than 18 million British tourists to ensure that the accommodation is seldom unoccupied and via a transparent and fair profit-share system, owners enjoy a steady stream of income. The investor can access online a range of reports from real estate market analysis to tourism trends and from financial reports to dividend distribution so that they can keep a close eye on their asset. However, it is not all about a hard-working investment, Kasâmia owners also have a wonderful place in which to holiday.

Kasâmia targets a sophisticated consumer and understands that a bed for the night is not quite enough. All suites are fully fitted and tastefully furnished in a contemporary style to include 26-inch flat screens accessing Sky, radio, a video club and the internet. A 24-hour concierge desk providing a la carte services, i.e. a posh pay as you go, will look after everything from babysitting and laundry to housekeeping and beauty services whilst every Kasâmia residence hotel has a comprehensive Spa facility to indulge societys passion for well-being. Swimming pools, tennis courts, restaurants and childrens' play areas also feature in Kasâmia resorts. Kasâmia spends 4% of sales volume on fixtures, fittings and equipment to preserve and maintain the asset and to ensure a high level of comfort. Owners have a right of usage for six to eight weeks annually, generally without additional charge and the Kasâmia aparthotel concept is currently available through Duchy Estates in several Spanish locations, Morocco, London and beyond.

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