Tuesday, July 28, 2009

Now is the Time to Seize the Day

Due to the world’s current economic climate, never has there been such a once in a lifetime, unprecedented opportunity for the motivated individual to make a lifestyle change.

Do you feel stuck in your current location? Are you living in too small a house, too crowded an area, too poor, or too familiar? Now is the time to capitalize on your dreams. With the world’s economic climate on its knees, never has there been a better time to move forward and capitalize on the deep discounts that developed. Breathtaking real estate locations such as Colorado, New York, Miami, Las Vegas and San Francisco have finally come down in price. Exclusive country clubs that never opened their doors to the public before have not only recently done so, but they’ve drastically lowered their membership costs to boot. This is the time to change whatever you want in life. A larger home for your family. A house near the beach. A membership to the golf club you always wanted. That investment you always coveted. A once in a lifetime window that will close just as quickly as it opened.

Within an economic downturn it’s inevitable that a self-fulfilling prophecy will emerge as negative numbers foster negative attitudes and thinking. But with crisis comes opportunity and in today’s real estate market, “this is an unprecedented time for the driven, aggressive and ambitious person in life to realize their real estate dreams,” states John Aylsworth, Chairman of the Board of Jet Luxury Resorts. “Now, more than ever, is the time to greatly upscale your lifestyle-- Relocate. Upgrade. Travel.”

Experts agree, this is the deepest depression this country has ever seen. Historically, individuals used to be on a first name basis with their bankers. If they needed a loan, they went to the banker and got it. Then, the Seventies came and interest rates went through the roof. That’s when the concept of leverage came into play. Everyone seemed to jump on the leverage bandwagon. Take the first note, slice it and dice it and put it all into a soup for later. This occurred for years and years and occurred worldwide. Now, the leverage machine has caught up with us and all of this debt has to come out. It’s as if the debt were being filled into a constantly filling balloon, with only one tiny 2 inch diameter drain at the bottom. All of that debt has to come out, but even with all of us pushing and squeezing and praying and dreaming, only so much can be pushed through that tiny hole. Meanwhile, the debt keeps inflating the balloon at the top and the balloon stretches and stretches…

The last great recession was in 1983, especially in California when interest rates crested 18% and unemployment was over 10%. What happened then and what’s happening now is not only a deep recession and cutback of spending, but a consumer perception of the recession. And that recession perception is just as important, if not more, for creating the discounts that exist today. It’s the motivated individualist – the one that can separate himself from the crowd, a calculated and informed risk taker, that will capitalize on the current situation. This person will not only make huge financial and investment gains for himself in the long run, but will also contribute to shattering the recession perception and moving the country, and the world, forward.

Jet Luxury Resorts, the premiere national Condo Hotel Resort Management Company, has reflected such positive and forward thinking in its business model- and the results are paying off. The upstart company offers an unprecedented opportunity in the hospitality industry by offering high end, luxurious rental product to consumers while shoring up condo hotel and fractional owners’ monthly rental revenue. ”This is a great environment for Jet Luxury in that, we’re not a developer, we’re not putting millions into dirt. We’re a virtual property that has limitless opportunity. With the global meltdown of the economic market, luxury items that were once inaccessible are now readily available and Jet Luxury Resorts capitalizes on this situation by bringing rare, ultra affluent product to the general marketplace.” The resort management company recently added six new properties to their roster, including the St. Regis Aspen, the St. Regis New York and the Buena Vista Villas in Tulemar Beach, Costa Rica.

Mr. Aylsworth adds, “Jet Luxury is looking for the movers and shakers of the world. Our company reflects such thinking- to capitalize on the downturn to not only move forward, but to upgrade themselves for the rest of their life. In real estate, whether it’s transient or permanent, now, more than ever, is the time to seize the day.”

Monday, July 27, 2009

Condo Hotel Marketplace – An Owner’s Perspective

The condo hotel industry is fraught by outdated models and large corporations unwilling or unable to shift their focus from an ownership position to a management one. These large, well-known companies bring their brand and building expertise to a project, then fail to execute on the very model they create. More and more owners are discovering that they need an independent, loyal representative to ensure their property’s maintenance and revenue. Jet Luxury Resorts is the premiere national condo hotel management company, able to offer exclusive, luxurious yet affordable inventory to the rental community through honest, lucrative and dedicated service to condo hotel and fractional owners.

Todd Spence (CEO of Condo Hotel Marketplace) and Pat Mervine are both condo hotel owners and both are represented by Jet Luxury Resorts. When asked the difference between utilizing a third party management company, both agreed the third party company has the advantage in that it has a better understanding of the condo hotel model and that the company puts the interests of the owner’s first. “Other than having my back, what I want from my management company is to maximize the revenues with my condo and, even more importantly, to take care of my property. Housekeeping, maintenance, upkeep,” says Todd Spence. “When I walk in to the Signature as an owner, after it’s been rented a bunch of times, it looks fantastic. And that’s huge. That creates a sustainable, long-term business model. If my condo looks as good as it does now in five years, than Jet is exceeding my expectations.” Pat Mervine agrees. “Jet has found a niche in the market, doing the best they can with room rates and occupancy, but really focusing on keeping their units clean and having constant, clear communication with their owners.”

When asked what they saw in terms of the future for the condo hotel, Mr. Spence sees the model emerging at the forefront of the hospitality industry. “In the future, resort type property will have to be jointly utilized due to energy efficiency and the efficient use of property. The cost of living on the beach will continue to rise, as will the cost of travel. No longer will it make economic sense to hop on a flight from NY to Vegas for the weekend. People will have to stay longer, and as they do, they’ll come to desire the amenities inherent to a condo hotel. Larger space, kitchens, balconies. And as they experience those amenities, they’ll want them everywhere they go. A condo hotel is much more like a residence.”

As to the current economy and the state of the industry, Mr. Spence believes, “The economics of a condo hotel are just spectacular-- you have to go into it with the right frame of mind. You can’t go into it thinking you can retire and live off the revenues. You have to cover your carrying fees; the mortgage payment will take care of itself as the equity builds. The key: in twenty years, when all of this is just a memory, people will travel again, people are still going to be pulling up to the Signature and getting out their suitcases. And my ownership cost of that property isn’t going to change; it’s never going to change.” Mr. Mervine adds: “Ultimately condo hotels will be successful when there’s profit sharing. Jet will be part of that profit sharing as they are positioned very well to capitalize on that. What Jet recognized from day one, is that if you make your owner’s successful, you will be successful and that is what the hotel companies haven’t understood.”

Thursday, July 23, 2009

Jet Luxury wraps it's virtual arms around the social media machine...





Jet Luxury Resorts can now be found on twitter (jetset9) with 10,000 followers, myspace, Ning and Facebook as the young, but rapidly growing company dives into the digital world with reckless abandon. Not only that, but Jet Luxury fans on these sites find even better deals than Jet's already discounted prices. Examples include, a special twitter deal, stay four nights in Hawaii and your next two nights, are on us. Suddenly it feels good to tweet!

Join us within this brave new world and while you're at it, sign up to be on our VIP list at www.jetluxuryresorts.com.

Also check out our newest campaign of television commercials on youtube.com, channel Jetlux9, or search for ARE YOU READY TO JET!

To be an investment or not to be...

Rendering of the City Center, Las Vegas

Can a condo hotel, legally, be classified as an investment? This is a topic that has been written about, discussed and disputed since the inception of the condo hotel model. The short answer is, no. The Securities and Exchange Commission (SEC) does not permit developers or realtors to sell condo hotels as investments. (That's not to say this hasn't happened.) They are sold simply as vacation homes and a "lifestyle," and no income projections can be provided. Nonetheless, many buyers are interested in the investment potential of condo hotels. Some of the factors they take into consideration are:

* Rent Revenue: Condo hotel units will produce rent revenue. That revenue can partially or completely offset the costs of owning and maintaining the vacation home. If the buyer can cover their upkeep and mortgage costs, they are in effect, maintaining an investment. As time goes on, their equity will build, so not only will they have a great vacation home in the here and now, but a sizable payout later.

* Location, location, location. Appreciation potential: Most condo hotels are located in areas that have seen the highest appreciation rates such as South Florida, Orlando and Las Vegas. Why not own a tasty piece of the American pie?

* Diminished supply of available land: Again. Location, Location... Desirable locations to build are few and a dwindling supply of available land in key markets, particularly sites on the ocean in Florida and on the Strip in Las Vegas, help ensure that condo hotels, like other types of real estate built in these locales, see significant capital appreciation. Once the economic forecast turns, expect even higher returns on these investments in the future.

* Real estate as a stock market alternative: Many people seek to diversify their financial holdings, combining stock market investments with real estate holdings.

Tuesday, July 21, 2009

Jet Luxury Resorts To Co-Sponsor Koffeehouse Charity Music Event

Jet Luxury Resorts, the premiere luxury Resort and Hotel Management Company, is proud to announce their co-sponsorship of the 3rd annual “Evening of Independence: A Celebration of Singers, Songwriters & Music” to be held at the John Anson Ford Amphitheatre on July 25, 2009 at 8:00pm in Los Angeles. The top singer/songwriters and bands will join special guests to showcase their original music on one of the Southland’s major stages to industry executives and music lovers. The Lineup of 10 artists include Kiefer Southerland and Jude Cole’s darling Rocco DeLuca & the Burden (Ironworks), Alex Band and Arms of the multi-platinum rock band The Calling, Memphis-based indie band Ingram Hill and 7 other of the most talented emerging artists. All proceeds from the show will benefit Donate Life America.

Donate life America assists in mobilizing the transplant community to educate the American public on the need for organ, eye and tissue donation and motivating the public to make an actionable donor designation.

Jet Luxury Resorts, a company that offers viable financial and travel solutions to both condo hotel/ fractional owners and the rental community alike, saw the opportunity to not only participate in an entertaining musical event, but to also help raise awareness about Donate Life along the way. “Donate Life is a great cause and Jet Luxury Resorts is proud to be a part of the music night to help spread awareness,” states Steve Aylsworth, COO of Jet Luxury Resorts. “Koffeehouse brings the music community together for an amazing night while at the same time donating to such a fantastic cause.”

This isn’t the first time Jet Luxury Resorts and the Koffeehouse Music Production Company have teamed up. In May of 2009, Jet Luxury opened the doors to one of their elite residential properties in Malibu to host a Koffeehouse Music Event. The show helped pave the way for some of LA’s premier grassroots music artists to share their innovative work. The upcoming “Evening of Independence” promises to deliver not only more original talent, but also awareness for a good cause along the way.

Tickets, priced at $30 for adults and $12 for children 12 and under, are available at www.FordTheaters.org or 323 461-3673. (Jet Luxury Subscribers receive 25% using discount code DONATELIFE.) VIP Tickets, priced at $100, are available through www.koffeehouse.com or by calling the Ford Box Office at 323-461-3673.

Saturday, July 18, 2009

The Luxury of Recession- Upgrade Your Lifestyle

The Chairman of the Board of Jet Luxury Resorts speaks to state of the industry, the recession perception and the unique real estate opportunities that have emerged.

Within an economic downturn it’s inevitable that a self-fulfilling prophecy will emerge as negative numbers foster negative attitudes and thinking. But with crisis comes opportunity and in today’s real estate market, “this is an unprecedented time for the driven, aggressive and ambitious person in life to realize their real estate dreams,” states John Aylsworth, Chairman of the Board of Jet Luxury Resorts. “Now, more than ever, is the time to greatly upscale your lifestyle-- Relocate. Upgrade. Travel. Real estate markets that used to be overpriced and ultra exclusive are now opening their doors and are accessible. And that applies to the world of travel as well.”

Jet Luxury Resorts, the premiere national Condo Hotel Resort Management Company, has reflected such positive and forward thinking in its business model- and the results are paying off. The upstart company offers an unprecedented opportunity in the hospitality industry by offering high end, luxurious rental product to consumers while shoring up condo hotel and fractional owners’ monthly rental revenue. ”This is a great environment for Jet Luxury in that, we’re not a developer, we’re not putting millions into dirt. We’re a virtual property that has limitless opportunity. With the global meltdown of the economic market, luxury items that were once inaccessible are now readily available and Jet Luxury Resorts capitalizes on this situation by bringing rare, ultra affluent product to the general marketplace.” The resort management company recently added six new properties to their roster, including the St. Regis Aspen, the St. Regis New York and the Buena Vista Villas in Tulemar Beach, Costa Rica.

Mr. Aylsworth adds, “Jet Luxury is looking for the movers and shakers of the world. Our company reflects such thinking- to capitalize on the downturn to not only move forward, but to upgrade themselves for the rest of their life. In real estate, whether it’s transient or permanent, now, more than ever, is the time to seize the day.”

World's Highest Waterfall

Angel Falls. Aptly named as you'd have to be one to survive a drop from this, the world's largest waterfall at a full 3,230 feet tall, situated in Venezuela and two and a half times as tall as the Empire State Building and fifteen times as tall as Niagara Falls. This is the real deal.

Most of the water that falls turns to mist before it strikes the ground.

But not in winter months, as three streams forge one and punish the ground below.