PRLog (Press Release) –
Apr 02, 2008 – We’re always taught that we have to work hard for our money but there always an exception which proves the rule and in this case it’s condo-hotels. A freehold purchase within a luxury suite hotel is one of the easiest but most lucrative property investments you can make. A single management company handles all the headaches from occupancy to maintenance whilst all you have to do is reap the rewards, what could be simpler?
Duchy Estates has teamed up with global luxury lifestyle brand, Kasamia, experts in the hospitality sector, to launch their flagship condo-hotel – Pueblo Acantilado Suites. The charming cliff-top resort is close to Alicante in southern Spain and provides a dreamy romantic hideaway for its guests as well as a rewarding opportunity for investors. Fully approved for SIPPs with all the associated tax benefits, Pueblo Acantilado Suites is forecast to return more than 6% from year one and that excludes capital appreciation. This is the investment vehicle of the 21st century.
Following a 10 million euro refurbishment, the 96 exceptionally appointed one to two bedroom suites with separate living rooms and kitchens as well as high-speed internet access and flat-screen televisions, have access to a wealth of on-site amenities. Swimming pools surrounded by spacious sundecks, a Roman-esque amphitheatre, a 600m² Spa and gymnasium and Kasamia Tapas & Martini Lounge are all set against a backdrop of dramatic Mediterranean Sea views. A concierge is on hand to arrange à la carte services from in-room massage to housekeeping and laundry plus event catering, childcare and personal shopping whilst there is also a 24-hour reception. Guests will be shuttled in comfort between Pueblo Acantilado Suites and the nearby sandy beaches and first-rate golf courses.
Headed up by Jean Robert Reznik, former CEO of international brands such as Club Med and Accor, Kasamia is more than equipped to generate the maximum income from your investment. Kasamia has the leverage of a close relationship with Amadeus which links more than 600,000 travel agencies worldwide as well as 50 of the world’s best reservation websites such as LastMinute, Expedia and Opodo ensuring that the accommodation is seldom left unoccupied. Investors stand to gain a sizeable split of the Gross Operating Profit – 90-10 in favour of the owner on a pro-rata basis according to the property owned – a figure which is arrived at having deducted the running costs from electricity to maintenance and travel agent commissions to staff wages. With fewer staff and fixed costs thanks to the à la carte service system, profits are substantially higher than with traditional hotels.
The larger suite-style accommodation with five-star services not only commands higher room-rates but also appeals to both business and leisure travelers therefore boosting occupancy rates. Aside from real estate taxes, insurance and mortgage payments (if applicable), the only costs to be borne by the owner are a regular fee to cover maintenance of the unit, furnishings and common areas plus a reserve fund. And, of course with your name on the title deed you are free to sell on at any time enjoying any associated capital gains.
Investors can also become guests, enjoying up to eight weeks’ personal use per year, generally at no additional cost, and reveling in all the on-site amenities. At just 25 minutes from Alicante International Airport which is accessed directly from virtually every airport through the alphabet in the UK – Aberdeen, Bristol, Cardiff, Doncaster, Exeter… – by no frills carriers such as RyanAir, EasyJet, Monarch, RyanAir and Jet2, weekend breaks in the Spanish sunshine will soon become a way of life.
Freehold prices at Pueblo Acantilado Suites start from 180,280 euros (141,682 pounds) for a one bedroom suite. 70% LTV mortgages are available and the current 10 million euro refurbishment programme will complete ready for opening on 20 June 2008. Meanwhile a showflat is available for viewing. Contact Duchy Estates for details of subsidised inspection visits to the resort.
Contact Duchy Estates on spain@duchyspain.com, visit www.duchyestates.co.uk or telephone UK freephone 0800 849 8089 or call the Spanish office on 00 34 952 906 944.
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For further press information or photography please contact Sarah Drane on
sarah@purplecakefactory.com or telephone 00 34 607 564 726
