| With more baby boomers approaching retirement | | | | The Trump International Hotel & Tower has |
| age each year, (approximately 75 million will retire | | | | come to represent the epitome of prestige and |
| within the next 15 years in the U.S.) and a large | | | | refinement in the condo hotel industry, offering |
| number of them looking for second homes, condo | | | | upscale amenities to meet the high expectations of |
| hotels are a concept that is gaining widespread | | | | today's baby boomer. |
| popularity. | | | | Infinity pools, full-service spas, state-of-the-art fitness |
| This new real estate trend allows individuals to own a | | | | centers, gourmet restaurants, private libraries and |
| hassle-free condominium within a luxurious hotel or | | | | butler service are just a few of the features available |
| resort. As owners, they can enjoy all of the | | | | to owners of Trump condo hotel units. |
| amenities and services of the hotel. Best of all, when | | | | Trump International condo hotel properties are |
| they're not using their condominium, it can be placed | | | | available at several locations in Florida such as Fort |
| in the hotel's rental program, where it will generate | | | | Lauderdale. The upscale condo hotel developer has |
| revenue, helping to offset the costs of ownership. | | | | also made his way to Hawaii with a condo hotel in |
| Condo hotels, or "condotels" for short, are usually | | | | Waikiki currently under construction. That property |
| high-rise, luxury buildings in high-demand locations, | | | | set a record for U.S. residential sales when it sold all |
| such as Las Vegas, Orlando and Myrtle Beach. They | | | | of its 460 condo hotel units on opening day and |
| have the look and feel of world-class hotels with | | | | turned away many more buyers. |
| many of the same perks and amenities, from on-site | | | | Theater, nightlife and the excitement of New York |
| restaurants and resort-style pools to housekeeping | | | | are all available in downtown Manhattan at Trump's |
| and concierge services. | | | | SoHo condo hotel. For those who say the Big Apple |
| The difference is that each suite is an | | | | is not for them, there is the Trump Chicago or |
| individually-owned condominium unit. The hotel | | | | Trump New Orleans. |
| management company takes care of operating the | | | | Trump has recently gone global. Trump International |
| hotel's various departments and offering guest | | | | properties are under development in Toronto, |
| services along with maintaining and renting out the | | | | Canada; Dubai, UAE; Panama City, Panama; and Baja, |
| condominium units. | | | | Mexico. |
| Condo hotels have particular appeal to baby | | | | Because of cheaper land and labor costs, the pricing |
| boomers, who are just now hitting financial peaks in | | | | of Trump International properties in countries like |
| their careers and are also inheriting hefty sums of | | | | Panama and Mexico is often far less than that for |
| money from their parents. | | | | U.S. Trump properties, making them all the more |
| These boomers are in a position to travel more than | | | | appealing to investors. |
| ever, and owning a vacation home, which they can | | | | Regardless of the location, a Trump condo hotel |
| visit on a whim, makes travel easier. A second home | | | | offers the ultra-upscale lifestyle that has come to |
| is even a status symbol to some, like owning a fancy | | | | define the Trump brand and have special appeal to |
| car. | | | | today's baby boomer. |
| Many baby boomers are also looking to invest in real | | | | Many who purchase a Trump condo hotel say they |
| estate as an alternative or supplement to investing in | | | | enjoy the thrill of owning a Trump as much as the |
| the stock market. They love the hassle-free nature | | | | actual use of an elegant second home. They also are |
| of condo hotels. | | | | quick to point out the condominium's appreciation |
| Many brand-name hotel chains have jumped at the | | | | potential. |
| chance to meet the baby boomer demand for condo | | | | As world-class properties in prime locations, Trump |
| hotels including Hyatt, Ritz-Carlton, Hilton, Four | | | | condo hotels are a welcome addition to any |
| Seasons, Sonesta, Starwood, Clarion, Regent | | | | investment portfolio. |
| International, Rosewood, Conrad Hotels and Le | | | | For baby boomers and others considering the |
| Meridien. All have condo hotels either in operation or | | | | purchase of a second home, a condo hotel residence |
| in development. | | | | is worth careful consideration. And when choosing |
| But probably the brand that has received the most | | | | between properties, it's the Trump brand that has |
| notoriety and had the most sales success is Trump | | | | become synonymous with prestige and excellence in |
| International, a name made famous around the world | | | | the condo hotel industry. |
| by real estate mogul Donald Trump. | | | | |