#Brickell

11 Things You Should Know Buying a Condo Hotel in Miami

Most major hospitality brands have or are in development of a condo hotel in Miami.

The key advantages of a condo hotel are signature, world-class amenities and services, less rental restrictions/Airbnb-allowed, turn-key or hotel package furnished, and option for a hospitality-grade, professional-managed, revenue-share rental program. Newer developments have residents-only access areas.

The ideal condo hotel owner stays in unit a small percentage of year, prioritizes rental income from the unit as a vacation property, is comfortable with occupancy and rate uncertainty, and can comply with blackout dates and rules.

Miami 101: Short Term Condo Rental

Miami is a top global, national and state vacation and entertainment destination for its year-round weather, beach, art, nightlife, events, cruises and more. Lonely Planet named Miami the number four city on Planet Earth to visit in 2019. Short term condo rental is furnished for $1,800 per month and up on par with unfurnished annual/12-month lease; options are limited and stays less than 30 days regulated for downtown Brickell, Biscayne and the Beach.