Boston Condo Hotels: A New Trend

(Pictured above:  W Boston Hotel & Residences)

Is there a new trend coming to downtown Boston?  Possibly an old trend that is just exploding to a new buyer demographic?  Condo-Hotels?  What are they?  Whats going on with them?  Who is living there?

These are all questions we have been getting a lot here on The Boston Condo Loft and we thought we would put out a response on Boston’s newest trend:  Condo-Hotels.

What is a condo-hotel?

Well – their are two types of condo-hotels.

One type of condo-hotel is what I like to call “True Condo-Hotel”.  These condo-hotels we see all over the world but mainly in vacation or second home destinations. Buyers purchase a luxury vacation home at a world-class resort and receive rent revenue whenever they are not using their residence, helping to offset the costs of ownership. Much of the time, even though you own the unit, you never get a key to the place.  You check-in and check-out with VIP service of course and WITHOUT the bill at the end of your stay 🙂

The second type of condo-hotel is what we have here in Boston and what many cities have all over the world in more ‘primary’ living cities, not vacation destinations.  This type of condo-hotel is a true “mixed-use” building most of the time comprising of 3-4 different segments all within the same building structure.

1.  Hotel Segment: Where the hotel operates its normal business, has its own lobby, front desk and staff.

2.  The Condominium Segment: Here condominium owners have their own lobby as well, separate entrance, separate elevator shafts and staff and usually the condominium units are located above the hotel component giving the more valuable views to the condo owners.

3 & 4.  Retail & Commercial Segment: Certainly not all, but many condo-hotels have retail and/or commercial component to them that adds convenience to both the overnight hotel stay and the long term condominium owners.

Condo-Hotels here in Boston come in a few different “flavors”.

1.  Four Seasons Place

Listings for sale:

$10,000,000, 2 Bd, 2 Ba, 1801
$1,350,000, 1 Bd, 1 Ba, 985
$1,350,000, 2 Bd, 2 Ba, 1309
$1,195,000, 2 Bd, 2 Ba, 1286
$1,075,000, 1 Bd, 1 Ba, 972

2. Residences at the Mandarin Oriental

Listings for sale:

$16,990,000, N/A, 0.5 Ba, 8000
$12,950,000, 3 Bd, 4 Ba, 6111
$9,950,000, 3 Bd, 4 Ba, 5100
$5,700,000, 2 Bd, 2 Ba, 3200
$5,500,000, 2 Bd, 2 Ba, 2000
$5,150,000, 2 Bd, 2 Ba, 3179
$2,995,000, 2 Bd, 2 Ba, 1830
$2,554,000, 2 Bd, 2 Ba, 2557

3.  Millennium Place / Ritz Carlton Residences

Listings for sale:

$8,500,000, 4 Bd, 5 Ba, 4421
$3,495,000, 3 Bd, 4 Ba, 2667
$2,450,000, 2 Bd, 2 Ba, 2036
$2,162,000, 3 Bd, 3 Ba, 2242
$2,050,000, 2 Bd, 2 Ba, 2039
$1,650,000, 2 Bd, 2 Ba, 1504
$1,575,000, 3 Bd, 3 Ba, 1862
$1,485,000, 2 Bd, 2 Ba, 1504
$1,400,000, 2 Bd, 2 Ba, 1504
$1,095,000, 2 Bd, 2 Ba, 1382

4.  Residences at the InterContinetnal Hotel

Listings for sale:

$6,450,000, 4 Bd, 4 Ba, 4752
$3,525,000, 3 Bd, 4 Ba, 2913
$2,595,000, 3 Bd, 4 Ba, 2736
$2,495,000, 3 Bd, 3 Ba, 2727
$2,265,000, 2 Bd, 2 Ba, 2061
$1,895,000, 2 Bd, 2 Ba, 1564
$1,655,000, 2 Bd, 2 Ba, 1483
$1,595,000, 2 Bd, 2 Ba, 1557
$1,425,000, 2 Bd, 2 Ba, 1484
$1,289,000, 2 Bd, 2 Ba, 1484
$1,175,000, 2 Bd, 2 Ba, 1263
$1,175,000, 2 Bd, 2 Ba, 1263
$1,100,000, 1 Bd, 1 Ba, 1132
$949,000, 1 Bd, 1 Ba, 1132
$925,000, 1 Bd, 1 Ba, 1060
$899,000, 1 Bd, 1 Ba, 1067
$749,900, 1 Bd, 1 Ba, 864
$745,000, 1 Bd, 1 Ba, 858
$395,000, N/A, 1 Ba, 424
$369,900, N/A, 1 Ba, 421

5. (NEW)  W Boston Hotel & Residences

No listings in MLS yet, but selling from $400k – $5M

If you are searching for the ultimate in “Lock & Leave” or maintenance free lifestyle here in downtown Boston – give us a ring (877-852-6636).  From full service condominium develompents to condo-hotel living – we know the condo buildings better than anyone!

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