Quote:
Originally Posted by martinm
the elevation as it was called that i bought my apartment in, has now been turned into giovanni boutique suites a 5star hotel were we have the op of renting it oursleves or letting the hotel group have it with 8-10.5% per year (less 2% for them) for 5years an 30days useage. its being built by an english builder,thoughts on this please?
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You are sitting on a gold mine bro. A serviced apartment in DSC is definitely bound to do well. If you opt to sell it after completion, it will have a 5 star price tag on it and should get you handsome returns.
Be careful to read the contract, see if it's linked to the occupancy levels. I have not studied that part of it but it could have me hidden clauses.
Good luck.
Roshan