Las Vegas Hotel Condos for Sale
Imagine if you could have your very own piece of paradise in the center of Las Vegas and make some passive income along the way! Investing in a Las Vegas condo hotel can bring you the best of both worlds – a luxurious vacation spot that you can visit any time of the year along with an extra income with no effort on your part whatsoever.
Las Vegas is one of the most visited cities in the United States with millions of people walking through its streets every year. This level of tourism opens up an opportunity for condo owners to make some extra money without putting too much effort into the process.
What Are Hotel Condos?
A hotel condo is a hotel property that consists of condominium units owned by different individuals, not the company that owns the complex. Each condo unit can be rented as a hotel suite whenever the owners are not occupying the space.
Hotel condos are a rising trend in Las Vegas and a great investment to consider. Known as condotels, these units are located in luxurious 5-star facilities that offer a variety of resort-style amenities.
With millions of people visiting Las Vegas each year, these condo hotel units are rented out quickly, providing a stable cash flow for the owner. There are only a few developments on the Strip that offer this opportunity, which is why condo hotel units are in such high demand.
How Does a Hotel Condo Work?
The way Las Vegas condo hotels work is quite simple. Once you purchase a condotel unit and become an owner, you can choose to occupy the unit or place it into the rental pool right away. Some complexes require owners to leave the unit at a certain period of the year, while in some complexes you can occupy the condo all year long. Either way, if you choose to leave the unit, the management team will take care of all the necessary maintenance and tasks related to renting the space.
The unit will be rented out to paying guests as a hotel suite. The revenue from renting the unit is shared between the owner (that is you) and the company that manages the hotel. The profits are usually shared 50/50, even though these details might vary depending on the property. Once you choose to visit the unit again, contact the hotel’s management to reserve the place on a specific date.
Hotel Condos in Las Vegas
One of the reasons why it is a good idea to invest in Las Vegas hotel condos is because these units are very high in demand. Besides, there are only a few hotels in Las Vegas that allow you to rent your unit for passive income. There are also some of the most luxurious hotels on the Strip and around this area.
MGM Signature Condos – The largest condo hotel in Las Vegas with the highest number of luxurious units.
“The Signature at MGM Grand is a condo/hotel that is attached to the MGM Grand via a moving walkway. Guests staying there have access to all of the MGM Grand’s ammenities including the wonderful MGM Grand pools and lazy river.
The rooms at the Signature are spacious and beautifully decorated with high end furnishing.”
– TripAdvisor about MGM Signature Condos
TRUMP International Tower – Luxurious 5-star complex with spectacular views and amenities.
“This is a real nonsmoking hotel because the hotel does not have a casino. However, you can walk (~10 mins) to Wynn to gamble if you like.
They also offer free shuttle to take you to Wynn and Caesar’s Palace, and of course, you have to tip the driver. Across the street is Fashion Show Mall. Spacious room, clean, and safe.”
– TripAdvisor about the Trump Tower
Palms Place Condo Complex – 47-story complex with prestigious units and amenities worth millions of dollars.
“From valet parking to check-in to waiters and waitresses in the numerous restaurants and the staff at the Pearl showroom, all were as courteous and professional as possible. Even the housekeepers were professional and gracious. The room was large, comfortable and an excellent sized bathroom as well.”
– TripAdvisor about Palms Place
Platinum Condos – Contemporary condo hotel located close to the Caesars Palace and a list of other premium locations.
“From pre-arrival to departure, the service was outstanding — staff went out of their way to provide information we needed. The room itself was massive with separate bedroom and living room, a full size kitchen, spacious bathroom and even a washer dryer.”
– TripAdvisor about Platinum
Vdara – Upscale condo complex located only a block away from the famous Las Vegas Strip.
“If you are looking for a Vegas hotel without a casino, this is it. Lovely helpful reception staff. Terrace pool and bar all quite quiet and very clean.
We only stayed one night, but were spoilt by having a complimentary upgrade to a two bedroom, three bathroom suite. Shame we couldn’t have stayed longer.”
– TripAdvisor about Vdara
Why Invest in Las Vegas Hotel Condos
While the best benefit of investing in Las Vegas hotel condos is the chance to earn passive income on a daily basis, there are plenty of other advantages that come along with this investment. For instance, you can have a luxurious place on the Strip all for yourself whenever you want to visit the city. All you have to do is let the management team know you are coming and the unit will be ready for you.
Moreover, condo hotel units are completely maintenance-free, which means you don’t have to worry about maintaining the space while you’re away. The management team will take care of all tasks for you, allowing you to relax and enjoy your time while making passive income on the side. If you were renting a house, you would have to take care of the property before showing it to potential tenants. With a condo hotel unit, you don’t have to worry about these time-consuming tasks.
Condo hotels in Las Vegas are luxurious high rise complexes that feature a variety of 5-star amenities, including restaurants, fitness centers, business centers and conference rooms, pools, spa facilities, and sports courts.
A hotel condo unit is the perfect vacation home for those who enjoy living the resort-style life. The units are equipped with state-of-the-art appliances and decorated with high end furnishing and elements. Besides luxurious interior design, you will get to enjoy a variety of amenities, swim in rooftop pools, and relax in spacious lounge areas.
Another reason why it is a good idea to invest in a Las Vegas hotel condo is the fact that these units are really easy to rent. All hotel condo units are located at premium locations in Las Vegas, that is, on and around the famous Strip. This is a very desired urbanized area that features dozens of amenities, restaurants, casinos, and entertainment venues. Tourists will be racing to rent these exclusive and luxurious units, especially since there is a limited number of such condos available on the Strip.
High tourism in Las Vegas will ensure a solid and consistent cash flow from the start. Besides being easy to rent, hotel condos have a great resale value. Since these units are always high in demand, they will sell quickly, allowing you to make a great return on your investment. Once you consider all the benefits of owning a hotel condo in Las Vegas, it is easy to conclude why this is such a great idea!
No matter which condo hotel in Las Vegas you choose, you will get to enjoy a stunning Strip view and close access to some of the world’s most famous restaurants and amenities. If you are interested in investing in a luxury condo or any other type of Las Vegas real estate for sale, feel free to contact us for more information regarding currently available listings.