Formally known as The Conrad, The Ocean is now 90% complete and ready for occupancy. Located across from the sand on Fort Lauderdale beach, each of the 290 exclusive waterfront resort residences offer a full host of luxuries including open layouts, floor to ceiling windows, and complete access to signature Conrad Hotels & Resorts amenities. Featuring five floors of parking, restaurant retail on the first floor, the largest pool deck in Fort Lauderdale, and a two story jewel box ballroom, the contemporary architecture of this hotel/condo offers studios, 1 bedroom, 2 bedroom, 3 bedroom, and penthouse residences along with 3 townhouses that are all available for the hotel's leasing program.
If you visit Fort Lauderdale infrequently and enjoy the idea of coming down for 10-20 days/year with the family while making a great return on your investment, The Ocean is for you. With an 8% leaseback program offering a quarterly credit that well exceeds your monthly maintenance and a good immediate return on your investment, this hotel/condo is a great vacation venture. For those that visit more frequently, you are also able to take advantage of the hotel leasing program on an understanding that they will lease the hotel residences as often as they can and work out an agreement with you on the return; allowing you to come whenever you'd like. Finally, if you have no desire to have the hotel lease your residence and still are interested in a great investment, owners are allowed to lease out their home annually on their own. In my opinion, I'd stick with having the hotel lease the residence out as often as they can. Managed by Hilton, their system is ideal for an investor needing a property manager, especially one offering room service, daily cleaning, and laundry services for you and your tenants.
If this sounds like an ideal investment for you, contact me at any time for more information and I'll set up a tour at The Ocean. I'd love to work with you. Erika@FloridaLuxurious.com