FAQ

What is a pre-construction hotel-residence? A pre-construction hotel-residence is a property sold before it’s fully built, often as part of a branded hotel project. Buyers secure a unit at today’s price while construction is underway, with delivery typically 2–4 years later. These residences usually combine luxury condo ownership with hotel-style services and the option to generate rental income through a management program.

What are the risks and benefits of buying pre-construction? Benefits: • Lower entry price compared to post-construction. • Potential property appreciation during construction. • Access to premium inventory and floor plans. • Flexible payment schedules (installments during construction). Risks: • Construction delays. • Market changes (interest rates, demand). • Developer/operator risk if they lack strong track records.

What are the typical costs beyond the purchase price? Besides the unit price, buyers should budget for: • HOA/condo fees: Covering amenities, insurance, and reserves. • Property taxes: Based on assessed value at delivery. • Maintenance fees: Particularly in branded residences. • Closing costs: Title, escrow, legal, and recording fees. Some projects also include furniture packages, often mandatory for hotel-rental participation.

Can foreign investors buy pre-construction hotel-residences in Florida? Yes. Florida is one of the most open markets for foreign buyers. International investors can purchase pre-construction units directly, though they may need: • An ITIN (Individual Taxpayer Identification Number) for tax purposes. • A U.S. bank account to facilitate payments. • Financing (some developers offer foreign national programs, though many deals are cash-heavy). • Proper legal/tax structuring (e.g., LLC or other entities for liability and estate planning).