The condo hotel concept began in places like Miami Beach and Fort Lauderdale and spread throughout Florida and other resort cities in the U.S and the Caribbean. Now The el CoQuito Condo Hotel offers all the benefits of condo hotel ownership in the natural, unspoiled vacation paradise of Costa Rica.

Condo hotels are not the typical second home. At The el CoQuito, buyers can select from exquisite two and three bedroom villas which include elegant furnishings, plush landscaped grounds, all located on the pristine beaches of Costa Rica's central Pacific coastline. World-class resort amenities ranging from a luxurious spa to quality Art Smith dining.

At el Coquito, owners can use their home up to 30% of the year. But unlike a traditional vacation home, each owner will participate in the property's rental program and share in the revenue the home generates when the owner is not using the unit.

2. How does the rental program work and what is the role of the el Coquito hotel operator?

The hotel operator, in exchange for a share of the net profits generated, is responsible for the day-to-day administration of the rental program. The management will be in operation of the front desk, property management, maintenance, providing all hotel guest services, marketing of the property and taking reservations.

3. If they choose, can owners rent out their units themselves and keep all of the revenue?

As in most condo hotel properties, owners at el Coquito can rent out their own units according to hotel management regulations, but doing so defeats one of the major benefits of a condo hotel. Most owners prefer having an on-site professional management company to both find renters and administer all the details of the rental process. In addition, owners are likely to realize a higher rental income when the property's rental program is run by an experienced professional team that maintains a sophisticated reservation system.

4. Is it possible for rental revenue to be guaranteed by the developers of a condo hotel?

No, unfortunately not. To avoid misleading prospective buyers, we, like most ethical developers, refrain from setting revenue expectations. We believe buyers should consider a condo hotel investment to be similar to the purchase of a second home or vacation property. When you choose a desirable building in a good location, there is likely to be appreciation of the value of the property over time. The ability to participate in the rental program then can be viewed as an added bonus that helps defray ownership costs.