Music and Malibu - Jet Luxury Resorts Owner Seminar

Music in Malibu Jet Luxury Resorts invites you to be our special guest for an exclusive appreciation party for all of our resort property owners. Enjoy an evening of music at one of our premiere Estate beachfront properties located in Malibu, CA.

October 1st, 2001 - 3pm

Malibu Beachfront Rental Estate

Jet Luxury Resorts Opens Their Door with Owner Seminars


High-end Hotel Management Company to offer owner appreciation and new owner educational seminars in three states in August and October.

Jet Luxury Resorts, the premiere luxury Resort and Hotel Management Company, is opening their doors and inviting condo-hotel and luxury vacation property owners into educational seminars later this summer and early this fall. The seminars will provide information on the state of the hotel industry and educate owners about the benefits of being represented by the nationwide leader in third party hotel management.

Seminars will take place in Manhattan, New York at the Setai Fifth Avenue Hotel on August 20th at 1pm and 3pm and in Miami, Florida at the Gansevoort Hotel on August 27th at 1pm and 3pm. There will also be a special owner appreciation seminar and live concert event on October 1st at the company’s premiere Oceanfront Estate in Malibu, California beginning at 1pm.

Jet Luxury Resorts recently announced the addition of three luxury properties in Miami to their roster, The Fontainebleau Miami, The W Hotel South Beach and The Mondrian South Beach Hotel. All of these high end hotels represent the 4 and 5 star luxurious quality that Jet Luxury Resorts has become known for. At a time when other hospitality firms are pulling back, Jet Luxury Resorts continues to display meteoric growth within the marketplace with this foray into the competitive Miami Market. Owners of units at these South Beach properties are invited to attend any of the seminars to learn more information about the benefits of utilizing Jet Luxury Resorts.

Jet Luxury Resorts is recognized as the leading nationwide third party hotel management company. The company’s advantages include maximizing owner’s rental revenue through an award winning website, state of the art reservation system and prolific, viral marketing campaigns and favorable splits. Jet Luxury Resorts is also the only third party management company to offer the Jet Platinum Program where owners may take advantage of two free room nights each month at select Jet Luxury Properties nationwide. Jet Luxury Resorts makes owners their first priority with easy access to their executive team and attention to the owner’s needs at all times. There are no hidden fees with Jet Luxury Resorts.

The seminars will be led by key Jet Luxury Resorts executives, including the company’s CEO, Steve Aylsworth. “We are very excited to meet future property owners of Jet Luxury Resorts at our seminars to demonstrate why we are the hidden jewel within the vacation rental management industry,” states Mr. Aylsworth. “We are also looking forward to welcoming current as well as prospective owners of Jet Luxury Resorts to our one of a kind concert experience over the ocean in Malibu.”

On October 1st, Jet Luxury will open the doors to one of the finest oceanfront estates in Malibu for their owner appreciation seminar and concert. The property, located within the prestigious Pt. Dume Rivera section of Malibu, sits on over an acre of oceanfront land and has been featured in numerous media outlets (including the hit ABC show “The Bachelor” and "Fantasy Open House” on Home and Garden Television.) It has been described as one of the most desirable ocean front estates in the world.

The seminar will begin at 1pm followed by a concert and cocktail reception co-hosted by Koffehouse, Los Angeles’ premier, grassroots live music production company. Beyond giving Jet owners’ a welcoming and informative appreciation party, the event will pave the way for some of LA’s most innovative musicians to showcase their work.

To sign up for any of the seminars or to learn more information, please contact
Jet Owner Relations at 877-538-7370 ext. 107 or ext. 121.

Rates and availability can be found at www.jetluxuryresorts.com
Or by calling (877) 538-7389 for a real time quote.

About Jet Luxury Resorts:
Jet Luxury Resorts is the premiere international 4 and 5 star Resort Management Company that provides truly affordable luxury. Jet Luxury Resorts is able to offer exclusive, luxurious yet affordable inventory to the rental community through honest, lucrative and dedicated service to hotel, estate and fractional owners. Jet Luxury Resorts destinations can be found worldwide including New York, NY, Aspen, CO, Las Vegas, NV, Malibu, CA, Italy, Costa Rica, Miami, FL and Honolulu, HI. Find out more at http://www.jetluxuryresorts.com/ you’d like more information about this topic or to schedule an interview with Richard Brosal, President of Jet Luxury Resorts, please call Shana Gismondi at 877-538-7370 Ext. 132. Jet Luxury Resorts can be found on Twitter (Jetset9) and Facebook.

Jet Luxury Resorts Opens Their Door with Owner Seminars

Jet Luxury Resorts Opens Their Door with Owner Seminars

High-end Hotel Management Company to offer owner appreciation and new owner educational seminars in three states in August and October.

Jet Luxury Resorts, the premiere luxury Resort and Hotel Management Company, is opening their doors and inviting condo-hotel and luxury vacation property owners into educational seminars later this summer and early this fall. The seminars will provide information on the state of the hotel industry and educate owners about the benefits of being represented by the nationwide leader in third party hotel management.

Seminars will take place in Manhattan, New York at the Setai Fifth Avenue Hotel on August 20th at 1pm and 3pm and in Miami, Florida at the Gansevoort Hotel on August 27th at 1pm and 3pm. There will also be a special owner appreciation seminar and live concert event on October 1st at the company’s premiere Oceanfront Estate in Malibu, California beginning at 1pm.

Jet Luxury Resorts recently announced the addition of three luxury properties in Miami to their roster, The Fontainebleau Miami, The W Hotel South Beach and The Mondrian South Beach Hotel. All of these high end hotels represent the 4 and 5 star luxurious quality that Jet Luxury Resorts has become known for. At a time when other hospitality firms are pulling back, Jet Luxury Resorts continues to display meteoric growth within the marketplace with this foray into the competitive Miami Market. Owners of units at these South Beach properties are invited to attend any of the seminars to learn more information about the benefits of utilizing Jet Luxury Resorts.

Jet Luxury Resorts is recognized as the leading nationwide third party hotel management company. The company’s advantages include maximizing owner’s rental revenue through an award winning website, state of the art reservation system and prolific, viral marketing campaigns and favorable splits. Jet Luxury Resorts is also the only third party management company to offer the Jet Platinum Program where owners may take advantage of two free room nights each month at select Jet Luxury Properties nationwide. Jet Luxury Resorts makes owners their first priority with easy access to their executive team and attention to the owner’s needs at all times. There are no hidden fees with Jet Luxury Resorts.

The seminars will be led by key Jet Luxury Resorts executives, including the company’s CEO, Steve Aylsworth. “We are very excited to meet future property owners of Jet Luxury Resorts at our seminars to demonstrate why we are the hidden jewel within the vacation rental management industry,” states Mr. Aylsworth. “We are also looking forward to welcoming current as well as prospective owners of Jet Luxury Resorts to our one of a kind concert experience over the ocean in Malibu.”

On October 1st, Jet Luxury will open the doors to one of the finest oceanfront estates in Malibu for their owner appreciation seminar and concert. The property, located within the prestigious Pt. Dume Rivera section of Malibu, sits on over an acre of oceanfront land and has been featured in numerous media outlets (including the hit ABC show “The Bachelor” and "Fantasy Open House” on Home and Garden Television.) It has been described as one of the most desirable ocean front estates in the world.

The seminar will begin at 1pm followed by a concert and cocktail reception co-hosted by Koffehouse, Los Angeles’ premier, grassroots live music production company. Beyond giving Jet owners’ a welcoming and informative appreciation party, the event will pave the way for some of LA’s most innovative musicians to showcase their work.

To sign up for any of the seminars or to learn more information, please contact
Jet Owner Relations at 877-538-7370 ext. 107 or ext. 121.

Rates and availability can be found at www.jetluxuryresorts.com
Or by calling (877) 538-7389 for a real time quote.

About Koffeehouse Music Productions
Koffeehouse Music Productions, LLC (www.koffeehouse.com) is Los Angeles’ premier, grassroots live music production company, best known for creating unique outdoor performance spaces for the most talented emerging singer-songwriters and bands. Koffeehouse supports these artists by providing them a platform to share their original music with industry executives and music lovers alike.

About Jet Luxury Resorts:
Jet Luxury Resorts is the premiere international 4 and 5 star Resort Management Company that provides truly affordable luxury. Jet Luxury Resorts is able to offer exclusive, luxurious yet affordable inventory to the rental community through honest, lucrative and dedicated service to hotel, estate and fractional owners. Jet Luxury Resorts destinations can be found worldwide including New York, NY, Aspen, CO, Las Vegas, NV, Malibu, CA, Italy, Costa Rica, Miami, FL and Honolulu, HI. Find out more at http://www.jetluxuryresorts.com/

If you’d like more information about this topic or to schedule an interview with Richard Brosal, President of Jet Luxury Resorts, please call Shana Gismondi at 877-538-7370 Ext. 132. Jet Luxury Resorts can be found on Twitter (Jetset9) and Facebook.

JET LUXURY RESORTS EXPANDING INVENTORY

High End Hotel Management Company Accepting New Units from Select Vacation Property Owners

Jet Luxury Resorts, the leading national hotel company that specializes in managing high end vacation property on behalf of individual owners, is now accepting new inventory in select locations. New units being added to the Jet Luxury Resorts roster include The Fontainebleau Miami, The W Hotel South Beach, The Mondrian Hotel South Beach. The Signature MGM Las Vegas, The Vdara Hotel in Las Vegas, The Trump SoHo New York and the Trump Waikiki in Hawaii.

Jet Luxury Resorts will exclusively manage a limited number of units at each property which results in a higher RevPar (revenue per available room night for the owner) while maintaining brand integrity for the hotel. The company is the most trusted leading national management company and has had tremendous growth due to their track record of providing strong, consistent occupancy in their units.

Owners receive a favorable split on rental income while receiving boutique, personal service without going through all the red tape. Jet Luxury Resorts makes it very easy for owners as the company handles all facets of the reservation process and provides a rental statement and payment to individual owners each month. Jet Luxury Resorts’ award winning website and 24/7 reservation team makes the reservation process seamless, working very closely with the front desk staff at the hotel.

Other advantages owners receive by choosing Jet Luxury Resorts include no blackout dates for owner stays, flexible contract terms and the benefits of nationwide hotel membership. Jet Luxury Resorts is launching their exciting Jet Platinum Program that will allow for all Jet Luxury Resorts owners to enjoy 2 complimentary nights at select 4 and 5-star Jet Luxury properties nationwide. Enjoy free stays in Miami, Las Vegas and New York.

To learn more about Jet Luxury Resorts, visit www.jetluxuryresorts.com.

Jet Luxury Resorts Come to the Aid of the Condo-Hotel

Third Party Management Companies Come to the Aid of the Condo-Hotel

Perched on the crest of the real estate boom, the condo-hotel rose to prominence as a new and unique real estate model for Americans who found themselves with a surplus of time and money. A real estate bubble burst and economic crash later, the same Americans now find themselves struggling to keep their lofty investments afloat while the entire condo-hotel industry finds itself gasping for air.

The condo-hotel marketplace has especially been hurt by buyers’ inability to close because of the lack of financing and because the concept is struggling across the nation. Condo-hotel owners share revenue generated by hotel room rentals with the operator, but drops in visitor volume and room rates have cut into that. Many buyers who purchased the hotel rooms from developers hoping to get paid every time the room was rented, now find themselves at the back of the line regarding room occupancy, rate and marketability.

As dour as the situation appears, there is hope. And there is an entire new business model evolving out of the ruin. Third party Management Companies, institutions designed around an owner centric model that maximizes the earning potential of the given investment property and works solely for the best interests of the owner, are coming to the aid of the condo hotel marketplace.

Jet Luxury Resorts, one of the few hospitality companies growing within this turbulent market and economic downturn, is fast transforming the condo hotel marketplace through a unique business model and evolution of thought. The premiere national condo hotel management company provides the reservation solution to not only owners but to luxury resorts as well by boosting occupancy rates. Jet Luxury Resorts is able to offer exclusive, luxurious yet affordable inventory to the rental community through honest, lucrative and dedicated service to condo hotel and fractional owners.

In the past, condo-hotel owners have faced rental programs bogged down by hidden fees and property managers and developers that presented conflicts of interest. Third party management companies offer a better solution with a freedom that allows the company to remain competitive within the market and satisfy the owner’s ability to increase their occupancy and rental revenue.
For instance, in Las Vegas, where the condo hotel model took off, Jet Luxury Resorts represented over 25 owners at a condo-hotel. Owners who bought in years ago were promised a strong revenue stream, but when the hospitality industry went belly up, the hotel had to first focus on room occupancy for their regular hotel rooms, thus leaving the condo-hotel owners frustrated and out in the cold. Many were struggling to even pay their carrying costs. Enter Jet Luxury Resorts, whose sole priority was not only to raise the rental revenue for these owners,
independent of the hotel, but also to maintain a vigorous maintenance and upkeep program on these owner’s investments.

"Jet Luxury Resorts has made a tremendous effort to react to the current hospitality environment,” says Richard Brosal, President of Jet Luxury Resorts. “We have adapted our business model to stay consistent with our core value; maximize revenue potential for owners that are part of the Jet Luxury Resorts Family while providing a truly affordable luxury rental option to the rental community. This win-win solution we believe will make Jet Luxury Resorts a noticeable force in the vacation rental and condo hotel marketplace for years to come.”
A direct reflection of these third party management companies’ success is illustrated by Jet Luxury Resorts’ recent addition of five new properties to the company’s inventory. The Trump Waikiki in Hawaii, The JK Place in Italy, The St. Regis Aspen, The St. Regis New York and The Buena Vista Luxury Villas in Costa Rica are the latest in a growing list of resorts being added to the company’s repertoire.

Over the past eighteen months, third party management companies, such as Jet Luxury Resorts, have energized the condo-hotel industry. These companies are bringing owners and renters together to work in the owner’s best interests by providing greater income to offset their investment while simultaneously bringing high quality, yet affordable product to the marketplace, and in the process, handing the entire Condo Hotel Industry a much needed lifeline.

Las Vegas Hotel Deals -Luxury vacation Rentals

Las Vegas Hotel Deals Exclusively Through Jet Luxury Resorts. Summer is Heating up in Las Vegas! See our Hot Deals on Hotel Suites in Las Vegas. Our Four and Five Star Luxury Hotel Suties are the perfect choice for your next Las Vegas Vacation. See our Current Specials below. Take a Virtual Tour Of Our Properties. Jet Luxury Resorts is commited to providing the best customer service possible.























Book 5 Nights and Receive 2 FREE Nights* Jet Luxury Resorts @ Palms Place , Las Vegas
– Book by 12/1/2010 Stay by 12/15/2010
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http://www.jetluxuryresorts.com/palms-place/index.cfm

Book 5 Nights and Get 2 FREE Nights* Jet Luxury Resorts @ Platinum Hotel, Las Vegas
– Book by 12/1/2010 Stay by 12/15/2010
* Subject to Availability Additional taxes and fees may apply
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Vegas is Heating up this Summer! Jet Luxury Resorts @ The Signature MGM Grand, Las Vegas
Special Summer Weekly Rates Mon – Thu From $89*
– Book by 8/1/2010 Stay by 8/30/2010
* Subject to Availability Additional taxes and fees may apply
http://www.jetluxuryresorts.com/signature-mgm-grand/index.cfm

Vegas is Heating up this Summer! Jet Luxury Resorts @ The Vdara Hotel, Las Vegas
Special Summer Weekly Rates Mon – Thu From $99*
– Book by 8/1/2010 Stay by 8/30/2010
* Subject to Availability Additional taxes and fees may apply
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Jet Luxury Resorts is commited to providing the best customer service possible.
Contact our Reservations team to book your Las Vegas Vacation
Reservations@jetluxuryresorts.com (877) 538-7389 . Are You Ready to Jet?

Goodbye 2008, Hello 2009?

If the global financial panic of 2008 hit the real estate community hard, it had an even more devastating impact upon the condo hotel industry. Thankfully 2008 is past. But with it, is the panic gone too? What does 2009 hold for the condo hotel industry?

Recent data suggests that there is a large amount of unsold condo hotel units on the market—both in construction and in deliverable form. There are many reasons for this, most notably the lack of financing for not just the consumer but also for the developer. With a lack of confidence, comes a lack of money. Many consumers who purchased condo hotels to flip them ran smack into the collapse of the housing bubble, and smack into foreclosure. Even owners who purchased for the long term are walking away from forfeitable deposits because or the collapse of value and the difficulty of finding financing.

The other major reason for the condo hotel bust is that the majority of developments were constructed as un-branded entities and in seasonal or poor locations. Much like the bad timeshare product of the 1970’s and 80’s (before Marriott got involved) these ill-advised developments have helped give condo hotels a bad name.

Yet as we all know, at the time of deepest crisis comes the time of greatest opportunity. And the recent economic downturn has helped purge the majority of those poorly developed early-phase projects. Now, opportunistic investors are searching through the rubble of the real estate bubble and discovering gold.

Failed condo hotel projects present one of the single best buys today for opportunistic investors, whether the investor is buying assets or debt. In fact, the debt on a condo hotel project is particularly attractive as lenders and other capital providers holding debt interests in failed condo hotel projects may be more willing to sell that debt at a deeper discount because of the potential pitfalls and risks involved in ultimately owning the condo hotel project.

And, looking past the few ‘bad apple’ failed condo hotel projects, the majority remains resilient. Especially those in cities such as NY, Las Vegas, Hawaii and San Francisco. A bad economy has forced existing condo hotels to become even more attractive to the owner—such as relaxing HOA restrictions and allowing for stronger, more productive and lucrative third party management companies to rent and maintain their properties.

Panic, greed and forced sales helped create the 2008 financial mess. The keywords for 2009 will be perseverance, courage and smarts. Consumers and developers alike have incredible deals on their hands as long as they understand the condo hotel business, research the brand and management company, find a unit in a desirable location and remember those three simple keywords.

A common sense guide to buying a condo hotel property.

The condo hotel marketplace can be a difficult and oftentimes confusing environment to navigate. Here are a few common sense guidelines to help keep you on track through your journey:

When deciding on purchasing a condo hotel:
• Purchase not just to obtain a real estate investment, but for multiple reasons such as personal use, to explore the location and to relish in the superior amenities. Seldom do such properties work as stand alone investments.
• Location, location, location. Find not only an area that attracts you, but also one that will attract others and will likely see real estate rise. Also, search in markets that are strong year round (areas such as New York or Hawaii) and not seasonal (such as Orlando).
• Look not only into the brand of the hotel, but the company that manages it. You’ll want a management company with a proven track record, professional service and high quality, consistent maintenance. In fact, oftentimes, the management company is as important or even more important, than the brand name of the hotel.
• Make sure you’re fully aware of the rental program and the HOA details that are set forth in your agreement. Are they fair, reasonable and productive? Do they allow for easy adjustment and/or termination?
• What is the owner occupancy of the building? How long has it been operating?
• Is every facet of the condo hotel operating efficiently? From housekeeping to monthly invoicing; the system is only as strong as its weakest link.
• Do it for yourself, your friends and your family first. Make the purchase more for vacation than for investment and you’ll be ahead of the game.

Disgruntled Condo Hotel Owners take action

A group of condo hotel owners in Florida are bringing a class action lawsuit against WCI Communities Inc, claiming that the developer sold them condo hotel units at the Singer Island Resort as unregistered securities. These owners claim they bought the units as investments and not primarily for their own use and now want out of their contracts. WCI has no comment except that they intend to vigorously defend themselves against the lawsuit.

Other condo hotel owners at the Trump International Hotel and Tower in Las Vegas are fighting to rent out their own hotel units using their own operator clamoring that Trump takes too much of their rental revenue. The owners are demanding their down payments back and claim they were promised a share of the profits from room rentals. At time of purchase, the owners claim claim they were enticed by talk of high-yield rental returns that would cover mortgage payments and HOA costs. Specifically, they were informed that their rooms would rent as high as $650 a night on weekends, to only then be told the figure would be closer to $240. A Trump spokesman said the company’s rental agreements are competitive with other condo hotel rental management companies in the area.

Article Resources:
Condo-Hotel Buyers
See Investments Sour by Michael Corkery, Sara Lin, and Ruth Simon
From The Wall Street Journal Online
Housing slide hits home for buyers of condo hotel units by Tim O’Reilly at lvbusiness.com
Condo-Hotels Under Pressure By KRISTINA SHEVORY from www.NYTimes.com

The Catch 22 generated by the SEC

When you hear the latest news about condo hotels, you tend to hear a lot about the sky falling and the bottom dropping out as more and more disgruntled owners make their voices heard. Besides real estate trends moving markedly downward and owners worried about souring investments, there’s a plague of mistrust and argument over exactly what transpired between purchaser and developer in the first place. Owners are not seeing the return on investment that they claim the developer promised, room occupancy rates are lower, HOA associations are failing: how did we get here?

A good starting point to that answer is: The SEC.

Ironically, the same procedures that the government enacted to protect real estate transactions have become so obtrusive, complicated and expensive, that it’s through the very avoidance of becoming labeled such security, that problems arise.

A condo hotel is not subject to SEC regulation, which leaves purchasers and developers to rely upon non-binding “no action” letters and the 1973 SEC Release #33-5347 that merely provide guidelines to avoid being labeled a security. Under these guidelines, developers cannot advertise that a profit can be made, impose restrictions on the use of the unit, discuss the terms of the rental agreements until after the purchase has been made, make the rental program mandatory or even allow the owners to participate in a pooling of their units.

Of course, catch-22’s abound from the simple fact that the purchaser (unless obscenely wealthy) is more than likely purchasing the unit for both personal use and investment. (And isn’t investment an inherent motivation of acquiring real estate in the first place?) Add to this a hungry developer who now can take advantage of potential purchasers by hiding behind these SEC avoidance guidelines and instead say, “You’ll make money, I can’t tell you how much, just sign on the dotted line.”

Which leaves us with 2 simple questions: Are the SEC registration avoidance requirements actually preventing disclosures that would help prospective buyers and thus limit future disputes and claims?

And, given the substantial price of most condo hotel units, aren’t such purchasers inherently intelligent and economically savvy individuals, who, if they were presented with such disclosures before the transaction, could make informed decisions on their own?

Article Resources:
Government Regulations and Condominium Hotels: Another Case of an Unwelcome Guest? By James M. Norman, www.hklaw.com

Condo-Hotel Owners in Uproar by Sharon Vigoroso at www.sherpareport.com.