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CONDO-HOTEL UNIT IN HYATT AT BONAVENTURE, IN WESTON! CURRENTLY UNDER CONTRACT WITH THE HOTEL (RENTAL PROGRAM) GREAT INVESTMENT OPPORTUNITY! PLEASE SEE ATTACHMENT ABOUT HOW THE RENTAL PROGRAM WORKS
This property is a condo-hotel unit. It is NOT a Time Share. Each unit has only one owner forever, unless the unit is sold or transferred by the owner to someone else. “Under contract with the Hotel” means that you cannot rent the unit by yourself. Each unit has to be rented BY the Hotel, under the Rental Program. This program basically says that the Hotel will rent all the units in a daily basis, as hotel rooms. The revenues obtained by renting the unit will be shared between the hotel and the unit´s owner in an aprox. 50/50 proportion. The Hotel will take care of EVERYTHING. The maintenance fee of aprox. $1700 a month which includes water, electricity, all repairs needed, painting, cleaning, common areas maintenance, etc. , will be deducted from the unit´s owner portion. At the end of the month, the Hotel will send you a monthly statement showing the rental activity for that unit, revenues obtained, maintenance fees and all deductions during that month. The balance will be accredited/deposited in an owner´s designated bank account. The owner´s profit will vary month to month, according the season of the year: Higher season: November to June. Lower season: July to October. Average Net Profit: $5,000 to $6,000 a year. Also, owner has the right to occupy the property up to six weeks during the year. By City regulations this property cannot be used to live in there.
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Listing Agent : Romulo Matamoros (754-423-0808)