New TV Show about Condotels!!

RISMEDIA, July 10, 2006—The new TV show, Condo Hotels Connection, showcases unique hotel properties that convert a portion of their rooms into condominiums available for public purchase. The show airs on the Dish Network, Direct TV and various web outlets. The show airs Wednesday evenings on DirectTV's Channel 341 at 9:30 pm EDT and Thursday evenings on Dish Network's Channel 223 at 9:00 p.m. EDT.
“The Condo Hotels Connection is designed to give investors more detailed information about our showcase properties,” says Steven Roszell, Owner of CondoHotels.com and HotelsForSale.com. “They will be able to get an inside look at the hotel, check out the floor plan, tour the property, view the amenities and visit the local area, all from the comfort of their own living rooms.” Condo hotels or ‘Condotels,’ convert a portion of rooms into condominiums and make them available for purchase. Once a property is bought, owners can enjoy their new luxury condo and/or choose to rent it. Owners receive a percentage of any rental proceeds and hotel management takes care of maintenance and cleaning.

Condo hotels attract many different types of investors. Clients overseas like being able to secure their money in the U.S. and have their property managed by the hotel. Retiring baby boomers enjoy owning a luxury vacation home with first class amenities. Corporations, too, are considering condo hotels as an alternative to corporate housing due to their prime downtown locations in popular cities and for facilities to accommodate meetings and conventions. “Condo hotel owners enjoy the privileges a first class hotel has to offer, from 24 hour concierge services, five star gourmet dining, recreation rooms and club houses,” says Roszell. “Potential investors can now view these properties in detail on TV and on CondoHotels.com. Tune into Condo Hotels Connection.”

If I can be of service by recommending a Broker for Condo-Hotels in a particular area, please let me know!

Chris
chris.mcnelis@comcast.net

Homeowners Insurance and Market Trends

Affordable Disaster Insurance Essential To Protect American Dream of HomeownershipWASHINGTON (June 28, 2006 )– Recent natural disasters have raised concerns that the cost of homeownership can easily spiral out of reach for the average consumer during times of catastrophe if homeowner insurance isn’t made affordable, the National Association of Realtors® said today in written testimony to the House Subcommittee on Housing and Community Opportunity.

“Options for obtaining and maintaining coverage for natural disasters are dwindling,” said Thomas M. Stevens of Vienna, Va., president of NAR.

“America’s hard-working families deserve a comprehensive federal natural disaster policy that makes natural disaster insurance available and affordable and reduces the circumstances under which insurance companies cancel these insurance policies.”

Recent research conducted by NAR in the state of Florida concluded that the lack of affordable or available homeowners’ insurance contributed to a slowdown in Florida real estate markets, which can contribute to a slowdown in overall economic activity in the region. “When buyers and sellers in high-risk states cannot obtain or retain homeowners insurance, which is necessary for a mortgage, it can slow home sales in those areas,” said Stevens. “A strong housing market is the foundation of a healthy economy, and as a nation, we must safeguard the vitality of the residential and commercial real estate markets.”

As Congress addresses the need for a comprehensive natural disaster insurance policy, NAR stands ready to assist in formulating solutions to this problem. “If the ‘big one’ hits, and people are not insured, then the American taxpayer will pay the price,” said Stevens.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.###