Fortune Real Estate Development
Corporation specializes in converting luxury hotels into Condotels, a
concept that has gained popularity in many international vacation resorts.
It involves the selling of hotel rooms and suites to individual
purchasers, who wish to have ownership as a Condotel with the option to
occupy the Condotel as well as to generate income from the unit which is
an alternative method that is outperforming the time-share condominiums in
the United States. Purchase of timeshares in the United States falls
between $16,000 and $25,000, however the purchaser is restricted to one or
two weeks of usage. The reason is that condo rentals are available in
Kissimmee for $395.00 to $1,500 per week, depending on their size and
amenities. FRDJ criteria for a hotel for conversion to a Condotel
must be a luxury hotel, located in a tourist destination area. By
converting to a Condotel, FRDJ successfully reduces the operating costs
significantly, while ensuring that the guest amenities and facilities will
continue to operate at a very high standard. This Condotel business model
acts as a full service hotel with a concierge, maid service, pools,
fitness centers, 2 restaurants and tennis courts operated by the hotel and
available for the guests. There is limited down time on revenue during the
transition from hotel to Condotel, FRDJ will rent the unsold units as
regular hotel rooms.
ACTE Global Conference
1 - 3 May 2005, Vancouver Convention & Exhibition Center, Vancouver, BC,
Canada.
ACTE's upcoming conference in Vancouver
promises to deliver more of what you want, focusing on the critical issues
most important to today's high-level international business travel
executive.
From procurement and distribution to technology, security and safety
- ACTE Vancouver 2005 will have it all. More quality keynotes, programmes
and educational sessions. Attend this important international event
featuring global business travel industry experts, leaders and thinkers
from around the world and discover why we're calling this our most
exciting conference yet.
EVENT VENUE: Vancouver Convention & Exhibition Center,
Vancouver, BC. ORGANIZATION: Association of Corporate
Travel Executives (ACTE),
http://www.acte.org, 515 King
Street | Suite 340, USA - Alexandria, VA 22314, Phone: 1-703-683-5322,
Fax: 1-703-683-2720, Email:
info@acte.org
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Arabian Hotel Investment
Conference
30 April - 2 May 2005, Madinat Jumeirah Hotel. Dubai, United Arab
Emirates.
The Arabian Hotel Investment Conference has been
launched to meet the needs of one of the fastest growing regions in the
world for travel & tourism. The Conference will run from 30 April - 2 May
2005, prior to the Arabian Travel Market and will be hosted at Dubai's
latest resort hotel, the Madinat Jumeirah.
The Conference is being launched for the following
reasons: Dubai and many city-states throughout the region are fast
becoming major hubs for the development of tourism and the Arabian Hotel
Investment Conference offers an excellent platform for the industry to
meet investors and developers. To allow the industry to speak at the
highest level to promote economic growth, employment and investment for
the region. To encourage operators and investors from the region and
around the world to meet in a resort setting allowing for discussion and
networking opportunities.
Most regions of the world have a major hotel
investment conference and the Arabian Hotel Investment Conference will be
the event for the Middle East region based in Dubai.
EVENT VENUE: Madinat
Jumeirah Hotel, Dubai. CONTACT: Kirstie Hepburn, Phone:
+971-4 391 5390, Fax: +971 4 3672527. Email:
media@strategicsolutionsonline.com. ORGANIZATION: CB
Richard Ellis Hotels
http://www.cbrehotels.com/, St Martins Court, 10 Paternoster Row,
London, EC4M 7HP, United Kingdom, Phone: +44 (0)20 7491 0404, Fax: +44
(0)20 7182 3005, Email:
Jonathan.Worsley@IHSeurope.com
SEND YOUR PRESS RELEASES TO: Editorial Staff, Attention:
Myriam Hutton , at editorialstaff@americanhospitalityinstitute.org
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