Marketing Condo- Hotels.

**Kandrews** · 01-29-2007, 10:26 PM

I recently met with a developer who I do business with on a regular basis. We have worked on several condo projects, and all have turned out successful. Now he has decided to build a condo-hotel project and wants a marketing plan drawn up for the project. He wants 75% sold before ground brake. What are some ways to market condo-tels to investors or possibly that buyer(s) just looking for that vacation home? I am looking for cost affective ways to jump start buyers before ground brake. Any thoughts?

**TJ2007** · 01-30-2007, 11:03 AM

What area & price range?

**Kandrews** · 01-30-2007, 01:11 PM

Wisconsin 200-400

**Thesa** · 01-30-2007, 01:19 PM

My last condo project we took reservations - and put that on the MLS - we had most sold.... becareful that you have all your ducks in a row with the gov prior to offering them - and be really careful of cost overruns.... in our case we came out fine....

**Kandrews** · 01-30-2007, 01:32 PM

Care to elaborate in regards to ducks in a row with gov.

**Thesa** · 01-30-2007, 01:39 PM

every area is different - but there you will need to have your plat - your floor plans and so on recorded if you were in my area - plus there are some issues with condos that are federal law - if you have done this kind of project before I am sure you know what I am talking about - if not - check with the gov in your area to what has to be recorded prior to you taking reservations or pre-sales

**Thesa** · 01-30-2007, 01:40 PM

we also had to have our CC&R's along with the HOA set up - because at the time of sale each unit had to make a contribution for the HOA set up for maintenance.

**timtarpley** · 02-05-2007, 04:29 PM

Is this a tourist area?

**REbuyersgroup** · 02-05-2007, 05:03 PM

Funny you mention this. I was contacting TJ about providing pre-sales for other projects around the world. We do a lot in Orlando, and Miami.

I private messaged you. Please read and call me. We can help.

Craig.

**YourOrlando.com** · 02-17-2007, 12:28 PM

There was an article in either REALTOR magazine of Florida Realtor on that topic. I will see if I can find it and let you know. It was in the past couple of months.

Good luck,
Phil