Hotel Condo Convertion in Davenport Florida Hotel Rooms for Sale FOR ACCREDITED INVESTORS ONLY! $ 25,000 become a co-owner and Limited Partner swap your LP unit for one hotel room The first phase will happen once we get 50 purchase agreements and we expect to have this completed by March 2021 as we already have 22 agreements. Simultaneously with the sale of 50 hotel rooms, we will receive the approval from authorities in Tallahassee with regard to the filing of the Declaration of Condominiums. We expect the approval to take 3 to 4 months.. The 25K will go into an escrow account and you can use the studio or rent it out by paying the minimum monthly price of $850 until we close the deal and you receive your title, after that you will only pay the $250 per month maintenance fee that include water, electricity, internet, cable tv., property maintenance and insurance. Marketing your property is perfect as long as our property management company knows who is renting and approves it. We prefered monthly rentals and minimum weekly rentals.
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