Hotel/Motel-Condo Conversion

Interested in pulling equity from your motel or hotel property or selling for the maximum return? Consider converting your property to a condominium motel or hotel. Hotel-condominiums are "hot" at this time and they often provide the most profitable option for selling a lodging property.

Don't know how to convert your building to a condominium? That is not a problem. Ocean Property Managment has many years experience selling the condominium units and operating motel/hotel condominiums. It is a relatively simple process.

The condominium conversion is simply a change in the form of ownership and Ocean Property Management Corporation handles the work involved to:

• Make that change in the form of ownership.
• Complete the few needed structural changes.
• Market and sell the units.
• Manage the condominium association.
• Operate the condominium-hotel for the new owners.

This is a very attractive option when selling a condominium motel or hotel since the price per unit when selling individual units to multiple buyers is usually much higher than the selling price to a single buyer.

We provide full service to complete the conversion and unit sales... the selling motel owner receives payments as each unit is sold.

With this condominium option, owners may also decide to retain some percentage of the units for long-term income. There are many variations of this type of sale to meet the needs of most sellers.

Ocean Property will also provide hotel management and convert your property to:

• A franchise hotel if your building meets the franchisor's standards, or
• A multiple use building, a common choice when developing investment capital to expand your lodging property.

Begin your conversion today. Call Jim Yost, CHA at the OPMC business development office Development office by telephone (609.523.1958), fax or Email (use our "Contact Us" form) or for more information.

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