Condo Hotel Experts

The Ritz Carlton Residences in Kapalua set a stunning sales record doing well over $150,000,000 in sales yesterday.  Nearly every single one bedroom was purchased and only a handful of two bedrooms remain.  At a time when the real estate market in North American is crashing, the rock steady Ritz Carlton brand rose above and beyond and proved once again that there is always demand for premium real estate in precious locations.

The sales and marketing company, S&P Destination Properties, demonstrated once again that they are among the very best in the business when it comes to selling luxury real estate.  Most know S&P Destination Properties for setting the world real estate record by pre-selling over $700 million in real estate in under 10 hours when they sold out the Trump Tower Waikiki project two years ago.

Many industry insiders had assumed that the Ritz Carlton Kapaula project would not sell very well given the current real estate conditions.  A couple high profile condo hotel projects and resort residence projects have recently failed or not sold very well - especially on the west coast.  California, in particular, has seen some stunning failures.

It remains to be seen whether the Ritz Carlton Kapalua and its massive success will be enough to lift up the rest of the resort real estate industry.  What is clear, though, is that a branded condo hotel project, sold by a highly competent sales and marketing company, has the potential to succeed in any real estate climate.

Tara Peterson is the Director of Sales for PremiumCondoHotels.com

Jet setters rejoice! The Ritz Carlton is giving the gift of ownership back to their loyal legions. To the masses who consider Maui to be the ultimate resort destination, there isn’t a better place to call home. In just a few months, you’ll have the opportunity to own a private residence in the Ritz Carlton Maui.

Even though the Ritz Carlton Maui has been around for some time, the hotel is undergoing a major renovation and some of the newly designed suites are being sold as private residences.

Just some of the features will be marble foyers, walk-in closets, custom kitchen cabinetry and access to the services of The Ritz-Carlton, including twice daily maid service and valet parking. And lest we not forget, you’ll also be able to enjoy the pleasure of telling your friends that you own at the most luxurious place in town.

Without question, having direct access to D.T. Fleming Beach, rated the 1# beach in the world, is a major selling point for the Ritz Carlton. Of course, having your signature restaurant, The Banyan Tree, receive a AAA Four Diamond rating doesn’t hurt either. Adding to the amenities is an overhaul of the spa, which will now span 14,000 square-feet and have water walls flowing throughout the corridors

The residences will go to sale sometime this winter or spring. The sale date has been pushed back a little, but don’t think that gives you a little more time to make your inquiries. If you are interested, you’ve got to act fast. The list of persons looking to buy grows by the day. And if the last branded hotel available for sale, Trump Towers Waikiki, is any indication, the Residences at the Ritz Carlton Maui will be snapped up the very first day they are made available. This is what happened with Donald Trump’s condo hotel property on the Big Island. Over $700 million dollars of real estate was sold in under 9 hours. Over a thousand would be purchasers were turned away at the door because no more suites were available to buy.

The Residences at the Ritz Carlton Maui is a much smaller offering with only 100 residences available. If you are interested in viewing some photos of the property, visit: http://www.premiumcondohotels.com/pages/ritz-carlton-kapalua-lahaina-maui-hawaii.php You’ll see the most recent photos that have been released.

So far, the Ritz Carlton has been very successful in their offerings of ownership. They’ve offered the chance of ownership at 10 other properties around the world. All sold out in near record time. This amazing opportunity should be no different.

Tara Peterson is the Director of Sales for PremiumCondoHotels.com