Have You Been Thinking About Purchasing a Condotel in Waikiki?
According to the “Honolulu Star Advertiser newspaper”, and the Hawaii Tourism Authority, Hawaii has hosted 597,487 visitors last month, up 12.2% from a year ago. Arrivals from Canada grew 18.8%, and 18.7% increase of arrivals from Japan. Also, visitors spending rose 19.8% to $1.2 billion. The hotel occupancy and room rate are also rising.
I believe this bodes very well for condotels and the income derived from ownership.
Prices of condotel units in waikiki dropped signifiantly in 2008 and 2009. We now see that prices ahve stabilized and may be working themselves back up again. Several of the condotel units we have currently listed are showing excellent improvement and increase in income compared to the last several years.
Please view featured condo buildings on our website, www.HNLCondos.com and review those buildings in Waikiki that are Condotels.
In fact, we just listed a grat studio unit in Equus, #803 for $99,000. It is located across from the Ilikai Apartments, down the street from the Hilton Hawaiian Village and a very short walk to Ala Moana Shopping Center. The income for this unit has almost doubled in the last year.
Please view listing details for the Waikiki Condotel, Equus #803.
Mahalo For Reading.
