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