What is a Hotel-Condo?
Hotel-Condos got their start in the 80s in places like Miami and Fort Lauderdale. Today they're popping up around the world - in Orlando, Vale, Las Vegas, New York, Vancouver, Washington DC, and now Blacksburg. The Hotel part of Hotel-Condos is that, while they are condos, the overall facility is operated as a regular hotel.
The Collegiate Inn of Blacksburg will be Blacksburg's first Hotel-Condo
While there are many different types of Hotel-Condos, from traditional hotels with primary residences, to those with second homes rented to the hotel's guests - The Collegiate Inn of Blacksburg will be the purest form of a Hotel-Condo. Each hotel suite will be a separate condominium sold to individual purchasers and evidenced by a fee simple, whole-ownership deed. Owners may sell, will, and/or transfer their suite at their discretion.
What are the benefits of owning a Hotel-Condo?
Owners at the Collegiate Inn of Blacksburg will own a part of what will become Blacksburg's preeminent hotel. To the hotel guest, it will seem just like a hotel - though a lot more luxurious. To the owners, their suite is a luxurious get away in the heart of their Alma Matter, with access to the hotel's amenities and services, and VIP access to owner only amenities and functions.
The owner, or their friends and family, will be able to use their suite and the amenities of the hotel while in town for the weekend, longer vacations, or on business. While away, owners will have the option of placing their suite into the hotel's rental program.
The Collegiate Inn of Blacksburg is the ideal solution for people that love to be in Blacksburg, come to the area for sports events or other forms of R&R, and just don't want the traditional hassles associated with second home ownership.
What happens when I am away from my Hotel-Condo?
Ownership may include the opportunity to place your suite in a Rental Management Program.
Your Place - Your Rules.
This is not just real estate!
It's a fully loaded VIP experience when you're in-house and fully taken care of while you're away.
